$500 Per Contract Day
Once the bell rings, as a day trader it’s time to get to work. In this video, you’ll see what we inherited when we were looking at the five-minute chart of the S&P. We were seeing a lot of bearishness on the open, and we knew we had to have a little patience to see what the market was going to do.
We are going to walk through a day trade that earned $500 per contract…
Not bad for a couple of hours of work.
Day traders often think there is very frequent, active trading. In fact, that’s the opposite of what I do.
I like to find a specific opportunity, confirm it, and put my trade on. On this day, the market rallied after a huge amount of bearishness and we waited for a good, clean setup that ended up a great buy… patience that pays.
