Wed AM Briefing: Preparing ES Emini and MES Micros Traders To Trade In Our S&P Trading Room
Wednesday June 25
In Wednesday’s AM Briefing, futures educator MicrosTrader.com stressed discipline and patience amid a strongly bullish E-mini S&P and Nasdaq 100 environment. Traders were cautioned against shorting, especially in uncharted breakout territory, and reminded to journal their emotional responses to adverse trades. Tuesday’s review highlighted six wins using the core long strategy and emphasized proper trade management through the financed runner method. Upcoming risks include a scheduled Powell speech, though no major market shifts are expected from it.Opening Remarks
The briefing begins with a spiritual reminder from 1 Peter 5:8: "Be serious, be alert. Your adversary the devil is prowling around like a roaring lion looking for anyone he can devour." This verse is applied directly to the trading context. The speaker urges traders to stay vigilant during sessions — because while you're trading, "he's prowling."
Essay Format Questions
- How did you respond to your worst trade?
- What is your plan to improve that response next time?
Journaling and Mindset
A key theme for the week centers on journaling and self-reflection. Traders are encouraged to ask themselves, “How did you respond to your worst trade?” The goal is to reflect and improve your reaction to adversity in trading.
The "tip of the day" is bold and clear: "What if you never took a counter trade?" With markets showing strong bullish trends, the speaker strongly advises against shorting. He repeats: "All this is bullish. Do not come into this chart thinking 'Where can I short this?' — Nowhere, in my humble opinion."
Another key mindset reminder is that traders do not need to trade every single day. “It’s okay to have a no-trade day,” he says, stressing patience and discipline over action for action’s sake.
In breakouts and new high territory, the speaker encourages traders to "trade the levels as they develop," rather than relying on outdated or theoretical zones. Fake levels can be misleading in uncharted market terrain.
Market Outlook (ES & NQ Futures)
The dominant market sentiment is bullish. The Nasdaq 100 (NQ) has already made new all-time highs, while the E-mini S&P (ES) is attempting to break out above yesterday’s high.
The ES has broken out from a 40-day consolidation. The speaker calls this a breakout phase and notes that ES often "builds a base and then breaks out." The focus now turns to the unadjusted all-time high, which ES has not yet reached. A short might only be considered around the 6200 level, described as a potential stretch level — not an entry point for now.
Trade Review: Tuesday
Tuesday’s strategy was clear: longs only. Any attempts to short would have been frustrating and likely counter-trend.
A standout trade was a long setup near the previous week’s high, resulting in a clean 30-point move. This was executed based on the boot camp’s basic core strategy and confirmed live on YouTube and in the Discord group. According to the speaker, the strategy resulted in six wins and no losses on Tuesday.
Two scratch trades — both counter-trend — are discussed. These trades broke even but had the potential to turn into losses. The speaker emphasizes taking the “gift of break-even” and not getting stubborn when trades go against the broader trend.
One missed opportunity involved a partial fill. Only one out of three contracts was filled on a long entry, causing the speaker to miss the full move. He notes this will be a focus in the next day’s review, especially in the context of managing entries using the core strategy.
Trading Strategy & Trade Management
The "financed runner" method is emphasized as the go-to approach. This strategy involves scaling out — taking profits on the first two contracts (typically at 5 and 10 points) and keeping one runner with a break-even stop to capture bigger moves, ideally to all-time highs.
The speaker expresses frustration when only one contract fills because it prevents proper execution of this method.
As for trade entry, the focus is on "engaging" strong structural levels. The idea is that if price loses a key level and regains it, that’s a long trigger.
There is strong discipline demonstrated when the speaker states: "I have nothing. I can't long this at this point and I can't short this at this point," referring to market conditions where price is at the top of the current range.
Frequently Asked Questions
Q: Why is shorting discouraged in the current market environment?
A: The market is in a strong bullish breakout phase, and shorting against this trend increases the likelihood of losses or missed opportunities.
Q: What is the “financed runner” strategy?
A: It's a trade management method where initial contracts are taken off for smaller gains, while one remaining contract is left to run with a break-even stop, aiming to capture larger moves.
Q: How should traders operate in uncharted market territory?
A: Avoid relying on historical levels and instead trade the levels as they develop based on real-time price action.
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