Live Trade Walkthrough Of A Failed Second Entry Long
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This is another live trade sent to me by Juan. I went through and narrated it explaining the trade in more details so that everyone can understand what is transpiring with this trade. This was an excellent chart read and was one of the shorts I marked on yesterday’s chart lesson (08-17-2020).
This was a failed second entry long that set up a nice short. There is no runner, as prices came back and stopped out Juan’s runner at breakeven plus 1 tick, so he still makes a single tick on the final runner. You can still make a profit on a single tick in the ES and this is one of the reasons I like trading the ES.
The ES is one of the few markets where you can actually scalp a single tick and still make a profit after paying your commissions. The profit to cost ratio is better in the ES than most any other market. When you combine that fact with very little slippage, this is why most professionals trade this market.
Thanks to Juan for sharing another great trade. He seems to have the failures down rather well. Hopefully you can learn something from this trade example.
Comments
thevmackwin August 18, 2020 at
Thanks for posting these live trades Mack, each one is extremely helpful.
mikew August 18, 2020 at
Thanks Juan and Mack. Love seeing the live setups.
redneck4Christ August 18, 2020 at
I am not able to watch the video. “Video unavailable This video is private.” If this post is posted, we know I am logged in.
Mack August 21, 2020 at
I tested it and it works with no issues with my two test accounts? If you are certain you are logged in and still can’t watch it, send me an email and we can look into it.
marialewis16 August 18, 2020 at
Same. Unable to view it.
Hector August 18, 2020 at
Unable to view it
Mark B August 18, 2020 at
Same
Joel August 18, 2020 at
For some reason I can’t play the video?
Cstrother August 18, 2020 at
Live trade example does not start. It says I need approval from the owner. What?
phoenixt157 August 18, 2020 at
Yeah I can’t view the video either. We just need to be patient I’m sure Mack has gotten a few emails about this by now. He’ll fix it in due time.
ansarif August 18, 2020 at
I took the same trade, this really boosts confidence! Thanks for sharing
Roy March 6, 2021 at
Failed second entry occurs because price couldn’t broke 2 ticks above the green signal bar’s high? If so, under what other circumstances will failed entries happen?
Thanks 🙂