This trade was placed at 8:35AM. This was 5 minutes after the release of the Friday Employment Numbers. This trade can be the most risky trade to put on, but when it works in your favor it happens in a short period of time. The total time in this trade was less than 5 minutes for a profit of $375 per every 2 contracts traded, or 12 tics per contract at $187.50 per contract. My advice on this trade is to trade in very small contract size. To cut your contract size in half is normal. For example, if you trade 4 contracts on the ES, then only trade 2 contracts or half your normal amount.
You will earn half as much as you would normally, but you only will lose half as much as your full position, just in case you are wrong. This trade should only be put on, if and only if, you have a trading gain on the month to offset the trade. You want to finish the first week of the month at breakeven or better to allow you to continue to EARN from the market for the rest of the month.
In any case, I wish you all the best in your trading, and I will be making a video of one of my trades this week to explain my reasons for entering.
Good Trades,
David AKA Tiger
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