Today’s lesson is all about contract roll-over day. For this, it is best if you also look at the video to get a better idea of what I’m talking about. I’m going to do a quick demonstration of how to do a different (new) contract.
The first thing you need to know is that I work with the Ninja Trader platform. To get started you need to be in the main control center. Here are the steps to take:
And bam! You are good to go.
So now it is time to go to the charts area within Ninja Trader go to the top left corner and find where it says ES. A dropdown menu appears where you have to find the new contract and then you just wait until it loads.
Now I’m going to give you a huge secret to help you save a ton of money. DO NOT trade on roll-over day.
that is because this is a day where you find a lot of erratic movements and only about half of the traders are in that day. I don’t enjoy it or feel comfortable. It is better to wait. So I recommend to just sit it out.
The next day, after roll-over day, when everyone has gotten into the new contract is the best to go back into trading. This is one little trick that I recommend that will allow you to trade with a little less risk.
Let me know if you have any questions in the comments below
If you want to learn more about my way of trading ES Mini Futures check out this video.