how to succeed as an emini futures trader
July 14, 2011 at 1:02 AM New to Emini Day Trading?
Struggling at Emini Day Trading?
Here's my
Top #1 Tip to Succeed as an Emini Futures Trader
Stop fretting over the Big Guys and focus on the real problem - YOU!
Emini index futures traders seldom realize that in order to be successful they must learn to compete not against the best Emini Traders in the financial markets, but against themselves. Anyone that has traded emini futures probably believes that there are big time players in the futures markets against whom they, the new futures trader must compete. Make no mistake, the hedge funds and institutions are not your enemy. They don't even know you exist. For them to "take the market down" just to stop out your 1 contract trade is ridiculous. It's a great excuse for your lack of success but it's simply not true. The sooner you get that out of your head the sooner you can learn to Trade Emini Futures for a Living.
The human emotions of hope, greed, desperation and fear will do more to blow up your brokerage account than all the "big boys" in the world. The biggest hurdle for new traders to overcome is the emotional aspect of trading that is so closely associated with failure in trading. Complete removal of the emotional attachment to the outcome of any trade, good or bad, is the emini strategy that is most utilized by successful and profitable traders. That's how the hedge funds and institutions do it. Not by chasing your 1 lot trade. Learn this one secret and you are on your way to becoming a professional emini futures trader.
Trading with a proven system and following the rules associated with each individual set-up in your trade execution will greatly improve your winning ratios. Since trades are executed based on formulas and signals generated by the system rather than by your emotions or feelings, your results will change overnight. Once you have a system in place the fear is gone. You understand the criteria and you simply execute when the proper conditions exist. When you are stopped out of a trade you suffer no remorse. You simply wait for the next set-up and execute it flawlessly. The worst thing that can happen is you will get stopped out of the trade. You don't blow up your account. It's only one trade. It does not define who you are as a trader. If you follow the rules, it does define who you are as a trader - a successful one. As long as the system you are using presents a reasonable edge over a large sample size, you will come out ahead and you will be excited to put on the next trade whether your feelings agree or not.
Find an Emini Day Trading system that offers a real edge. Make sure you get a Free Trial with a Demo Platform, Live Data and a Simulator before you spend a dime. That's how you can succeed as an Emini Futures Day Trader. Trading's not easy, but it can be simple.
