Monday Morning Rundown 4-4-22 w/ Responsible Day Trading & What to Expect w/ the Emini S&P 500

Hello and Happy Monday!!  Oh man, I should have started making these videos on Sunday night MONTHS ago!  What a way to free up some time in the morning!  Especially since, as you can see, we’re having very little movement in the market from Sunday night to Monday morning.  It was something like 40 bars on the 1597—and that would be considered very little movement.

Some things to think about with your day trading strategy will be—“What do I do if the market is moving slowly?” Well, you’ll find that some traders will take this as a time to sit out and wait for more volume while some profit-taking traders put their mind on money management and will begin to move to quicker time frames or smaller tick charts, in order to take advantage of the low volatility.

It will really come down to your trading styles, your chosen risk vs. reward ratio and if your strategy offers a high trading probability when the market doesn’t offer moves for a more fast-paced strategy.  And even though we have FOMC this week, considering the fact that the news is very light this week, the way things are moving so slowly to start off.

Either way it goes, if you’re not prepared to move with the current market trends, no matter how fast or slow they may be—choosing to sit on the sidelines while you’re building your confidence and knowledge is NEVER the wrong idea.  When you’re ready and your mindset is in the right place, THEN you can step out and slay that dragon my friends! 

Since I have approximately 102 projects on the list over the next few weeks, I may be slaying mini dragons when I can get a few minutes in, until I free up some more time.  It’s on the horizon and I’ll be ready to get back to it on a regular basis soon enough!  Much love good peeps and we’ll catch you around soon!