WOULD YOU PREFER TO SPEAK WITH US ON THE PHONE OR A VIDEO CALL? CLICK HERE.

LIVE CLASS SCHEDULE
ABOUT RDT
ABOUT RDT MEET THE RDT TEAM ABOUT NINJATRADER TESTIMONIALS
COURSES
COURSES AND PROGRAMS (ENGLISH) CURSOS Y PROGRAMAS EN ESPANOL CLASS SCHEDULE THE VAULT
NEWS
MARKET NEWS BLOG
UPROFIT TRADER CONTACT
GET FUNDED
Join Our Discord Channel

August 14, 2022 Weekly Emini S&P Market Rundown with Responsible Day Trading

Aug 15, 2022

 

Hey there traders!  I hope everyone had a fabulous weekend and that you’re all ready for an eventful week!  Last week was full of a lot of surprises.  While we might not have had much news, the market kicked it into high gear and gave some great pushes to the upside creating a LOT of opportunity.

Reading the MACDs is such a vital part of what we do here and understanding when things are over extended helps to understand when things have a bigger potential to pull back and slow down.  We go a bit more in depth on how to read them as they reach these areas while knowing how to anticipate the move to develop.

We can see from what we have here that we have reached some areas that have a good possibility to move this market back down but we really need to wait for the right signals to show the slowdown before it can happen.  This leads us to the overall having an upward direction while the immediate is working on the pullback—possibly even the pivot to shift the market back down.

Patience is the biggest thing—on an absolute daily basis.  Knowing what to expect while not having the patience for it to set up can really put a huge bruise on the trading ego and cause you to not think you know what you’re doing.  Simply waiting for the market to show it to you instead of trying to force it to happen can make the shift in your trading competency from dreams to reality.  Knowing what to do is half the battle—knowing when to do it puts it into completion.

If you have questions, please reach out!  I’m more than happy to sit down and tell you more about it!  Much love good peeps and have a beautiful week!

Stay connected with news and updates!

Join our mailing list to receive the latest news and updates from our team.
Don't worry, your information will not be shared.

We hate SPAM. We will never sell your information, for any reason.

Categories

All Categories day trading habits trading recaps

All content published and distributed by Responsible Day Trading and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained here is intended (a) as investment advice, (b) as an offer or solicitation of an offer to buy or sell or (c) as a recommendation, endorsement or sponsorship of any security, company or fund. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. This is neither a solicitation nor an offer to buy or sell futures, options or forex. Past performance is not necessarily indicative of future results.

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.