Unless you're new to trading or been living under a rock for the past 6 months you probably know there has been a relatively large sell off this year. As of June 13th, 2022 the S&P 500 (ES/MES) entered into a bear market. With tons of new retail traders entering the market these past two years, it would be fair to say many traders today have no idea how to day trade a bear market, in todays blog we are going to hopefully change that a bit! First off, what is a bear market? The official definition is " A bear market is when a market experiences prolonged price declines. It typically descri ..read more

Last week Jerome Powell and the FED raised interest rates by 0.25%. This was the first rate hike in over four years. What came next was a rather large bullish rally up to the mid 4400's on the ES/MES. The big question now is, what will happen next? Let's walk through a 2 different scenarios. #1: Head & Shoulders on the Weekly Chart. If you take a look at the ES/MES weekly chart you will see last week ( 03-14 to 03-19-22) produced a very large bullish candle. What we can see just above that candle is the 4500 level. This level held as resistance back in 2020 for a month and then was turned ..read more

The past 2 weeks we have seen our markets in the US and markets abroad shaken up due to Russia invading Ukraine. Now before we get started with this weeks blog we would like to say those who are/will be effected by Russia invading Ukraine are in our thoughts and prayers. Trading during any sort of war/conflict can be very tricky. This current conflict is not any different. We've seen price shoot in one direction or another all due to a few words or actions. Now the big question is, "how do we trade this". The answer to that is a two part question. Number one, you don't trade. If you have no c ..read more

You see if everywhere and everyone wants to do it, but what is the goal of day trading? I'm sure before you even give yourself a second to think about that question, the word money pops into your head. Was I right? Now money is very important but there is something money can't buy, can you guess what that is? Your correct, its time. Day trading should simply be a tool to live the life you want to be. Too many times and I am guilty of this more then I'd like to admit. Traders turn day trading into trading all day long. Some of us do it because we simply love to trade and enjoy spending time In ..read more

So far in 2022 we've seen extreme amounts of volatility in a very short amount of time. January saw a huge drop in price across all markets, including but not limited to stocks, futures, crypto etc. etc. The questions is, how do traders safely trade these types of conditions, where we can see price jump 100 + points on the ES in a few minutes? The answer to the question above is not a simple answer. We will need to break it down info a few different parts. First off traders need to reduce there risk, when the market is making huge swings you need to trade accordingly. Our view on this is to r ..read more

In todays blog we are going to go over some items that are commonly overlooked and why you might want to change things up a bit when it comes to your setup. First off is a battery back up, this can be extremally important if the power goes out and your in the middle of a trade. Below is the one I use to power my main monitor, laptop and my internet incase of a power outage. Many times we overlook this type of equipment due to the fact its not something that you will use everyday but it is something that if the power goes out, could save you a TON of money. The goal here is to give yourself en ..read more

Price Action in our view, is the only way to trade. Regardless if you trade intra-day or swing trade, price action is the key. The reason being is due to the fact you focus and learn how to read what price is doing. There is no reason to wait for lagging indicators or holy grail signals, let us explain! Price Action by its most basic definition is simply how price move from A to B. Doesn't it make to sense have a trading system that is based on how price moves? Especially due to the fact if you are a trader, your whole job is to react to how price is moving. By learning how/why price moves we ..read more

We've talked in previous blogs about why you should document your trades but now lets talk about what you should be documenting and the best way to do it! Best Way to Document Now a days there are a million different ways to document your trades from the good old fashion paper and pencil to super sophisticated electronic journals. None of these options are wrong and each trader should do what works best for them, But in our opinion the best way to journal is on a spread sheet. Gorilla Futures members have access to our trading journal that based on a spread sheet and automatically tally's your ..read more

One of the biggest questions we get at Gorilla Futures is "how many trades should you be taking each day"? Now there is no right or wrong answer to this, due to the fact each trader is different. But we do like to suggest anyone who is having issues stick to one good trade a day and one setup. Let's explain! First off what do we mean by one setup? If you are a Gorilla Futures Member you know we have a few different go to setups, check out chapter 7 & chapters 14-16 for more details. Pick one of those setups and that will be your one setup a day. Now if you are not a Gorilla Futures Member ..read more

As some of you may know I have recently finished the 75 Hard Challenge. I did this challenge for a few different reasons, which I'll go into detail below and how I think it "can" be very beneficial for traders. ( As you are reading this blog replace some of the to do items with trading related items such as following your rules etc. etc.) What is the 75 Hard Challenge? 75 Hard, is a 75 day challenge to help you gain mental toughness and mental fortitude. At first to many will look at this challenge as if it is like a diet and a part of it is a diet. The reason being is sticking to a diet is ha ..read more