The S&P 500 continued its bearish price action following my last update to sell the ES with the YM leading equity futures lower. My conservative target was filled @ 3060.00 for a $1,000 profit per contract traded! Great job to all those participated in this trade with me! Those maintaining open targets are the major winners here with the ESU20 just now making a new low @ 3019.75 while I type this update. If you are still short then I recommend trailing your stop losses lower to capture profits and remove any upside risk. Feel free to give me a call about your position or to review this trade together!
SOLD ESU20 @ 3080.00
BOUGHT ESU20 @ 3060.00 ($1,000 profit per contract)
*Risk/reward are calculated before commissions and fees*
60 MIN ESU20 UPDATE – TARGET HIT
Jace Jarboe | Commodity Futures Broker:
Find More Opportunities in E-mini S&P 500 Futures Like This One
We hit our target for this trade, but navigating today’s markets can be tough for new and experienced traders alike. If you’re actively trading futures and are looking for the insight, education, and empowerment to make better trades, join the Jarboe Trading Journal for the guidance you need. In the meantime, download my free Introduction to E-mini Equity Futures guide to expand your knowledge of the e-mini markets and prepare for the next opportunity.
Contact Daniels Trading
To open an account or request more information, contact us at (800) 800-3840 or firstname.lastname@example.org and mention .
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the “risk disclosure” webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
SOURCE: Daniels Trading – Read entire story here.