Election Day Trading with the Sonic System
Hello, Traders! It’s Election Day—a day that can bring increased market volatility and unique trading opportunities. Today, we’re diving into how the Sonic Trading System can help manage trades in this fast-moving environment. We’ll focus on a one-minute chart, as it provides a good balance between quick insights and accuracy.
Before we begin, a reminder: trading involves significant risk. Please trade only with funds you’re prepared to lose, as there’s no guaranteed outcome in trading.
Setting Up the Sonic System for Election Day
For today’s session, I’ve switched to a one-minute chart. This timeframe is popular among traders who want to capitalize on quick trades while keeping a clear view of trends. Right from the start, the Sonic System signals some potential entries.
Key points to consider:
- Volatility and Timing: Election Day often sees higher volatility. This can work to your advantage, but it’s also essential to be cautious. It’s often best to let the market settle for a few minutes after the open to avoid excessive price swings.
- Smart Target and Stop Placement: During volatile days, the distance between target and stop-loss can vary. I noticed some setups where the target was relatively small, but the stop-loss was quite large—this can be risky. If a stop is too wide, consider skipping that trade.
- Reliable Signal Confirmation: Sonic System signals are available on both TradingView and NinjaTrader, and it’s crucial to have consistent chart settings across platforms. This consistency ensures you see the same signals in our live trading room as you do on your personal chart.
Reviewing Today’s Trades
The first trade setup I followed today was a long position around 5774, which earned about $87 (excluding fees). Using limit orders minimizes slippage and lets you have better control over the exact entry point. Although some quick trades hit their targets before I could enter, patience is key—it’s better to wait for the right setup than chase each trade.
Why I Prefer Limit Orders
Instead of market orders, I use limit orders to control entry prices. If a trade setup appears but the price jumps right to the target, it’s usually best to skip that trade rather than chase it. Take your time to assess each signal, focusing on the entry, stop, and target to make sure the trade aligns with your goals.
Live Training and Mentorship Program
Our mentorship program offers hands-on training on the Sonic System, including how to use tools like the news indicator for staying aware of impactful events. Whether you use NinjaTrader or TradingView, our program provides the resources to support your trading journey.
If you’re ready to learn more, visit daytradetowin.com to get started. You’ll find details on our trading tools and mentorship program, plus access to trials and resources to improve your trading skills.
Key Tips to Take Away
- Volatility & Entry Timing: Let the market calm after the open to find the best entries.
- Use Limit Orders: These provide control and help you avoid price jumps.
- Be Selective with Signals: Focus on high-quality trades, not every signal.
Stay sharp and trade smart—let’s make today a winning day!
