$100 dollars profit in Emini Futures. Down trending environment
Hi, how's your trading? Market condition is not very good as it enters a new phase of undecisiveness. I would recommend most novice traders to stay of of the market. But if you really must enter, play short instead of long. The market is still very much affected by the big decline last Friday and it would be unwise to go against this trend. You might be asking why I only sold 1 contract. The reason? From experience, this market is not a trending market and we can always expect some pullback from a huge decline. You have to be extremely cautious in this kind of market situation. In fact I was prepared to get out on the first sign of weakness.