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Volatility in the NQ & MNQ & Trading Levels 2.12.2020

Posted on by Ilan

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Dear Traders,

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What is the one thing that you can do to improve your trading and costs you NOTHING?
KEEP A DAILY TRADING JOURNAL.
Really you might say? yes, really I will answer. Most prop firms that fund traders, requires their traders and trainees to keep a daily journal. It goes over each trade, the emotions, what news came out and many other tidbits that go into trading.
Trading is far from easy and keeping a journal takes extra time and work, especially after a bad trading day but there are numerous benefits to keeping a trading journal.
Try it for a few weeks and make it a habit.k it can help MOST traders out there.
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Recent volatility, especially in the NQ futures is something else….makes a great case for the MICRO NQ or the MNQ being 1/10th of the size.
High to low today in the NQ was about $3000 per contract….its a bit more manageable when the MNQ is $300 per contract difference between high to low….
Position size is a BIG element of trading and the MICROS do help with that quite a bit especially for the ES and NQ ( MES and MNQ)

Good Trading

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Futures Trading Levels

02-12-2020

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Futures Trading


Economic Reports, source: 

https://bettertrader.co

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