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Emini S&P Trading +$2160 (After Commissions) in an Hour’s Time with Responsible Day Trading

Feb 16, 2023

Well folks, I told you was going to attempt to put more videos out for you and wouldn’t you know—I’mdoingit! It is hard to find the time to edit them, so keeping them short is definitely a priority. I did haveabout 40 minutes to trade before a meeting, which I took advantage of but the meeting ended early, so Iwent ahead and continued with a few more trades before I had to leave the house.Once again, I did saythe wrong day--It is Wednesday.. Not Thursday. I'll get it right one of these days lol!

On 2 of the trades, I did move my stop up pretty quickly, which got me taken out with a +1 tick on thefirstone and +2 on the other one (both with 4 contracts), so I really see that +1 as a break even whenyou consider commissions. Even though it did bring me a little bit of profit, most of it would have beeneaten up in commissions.

Speaking of commissions,I’ve been talking a lot about that lately. So, while my NT showed that I was up$2225, we ALWAYS need to take into account what you’re giving back to the broker. This left me withabout $65 with what I paid out to them, so it actually brings the profit down to $2160. Paying attentionto this factor when you’re testing in a funding account can really make or break you. You have to knowhow much you’re putting in and where it effects your bottom line. This is probably the number onething that those whoare testing, forget to pay attention to.

Always being aware is huge. This is why I also believe it is better to test on the micros if you’re lookingat increasing contracts and then moving over to the big guys to put it into play. If you look at how thecommissions effect you on the micros when you’re taking 1 or 2 ticks—it is way different than how itplays out on the mini. I’ve found that if you want to make sure you’re not in the red AT ALL with themicros, you’ll need to move your risk up more whenlocking in profits (if on a high number of contracts)in order to balance things out.

Alright my friends, that is going to wrap it up! I’m doing some traveling next week but I will try to stayconsistent and get a video out to you then as well. I hope that everyone has an amazing week and asalways, you know that I look forward to catching YOU on the profitable side!

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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.