Find Your Sweet Spot - Emini Trading 101
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Finding Your Sweet Spot As An Emini Futures Trader
You decided to become a trader. Put some money in an account, got a few indicators, read a couple of old wive's tales on a forum that sounded pretty solid, you're good to go right?
Well... let me ask, "How's that working for you?"
You don't need to answer, it was rhetorical. Besides, I know the answer.
I interviewed Max Lucado back in the early days of CFRN. He had just published his umpteenth book -
Let me tell you, I was as excited as any cub reporter has ever been. This guy was my hero. I read his books as fast as he could write them and to actually meet him after all this time...... you would have thought he was Jesus.
Silly excited. Jimmy Olson-itis is what I had.
Turns out, guy couldn't even fly. Couldn't fly? He didn't even have a cape.
Shucks, this guy was offering the Cure For The Common Life and it was starting to sound like his life was more common than most.
Lesson #1 - Never meet your hero in person.
Lesson #2 - Find your sweet spot.
You see, aside from my personal misguided hero complex, Max had done it again. Here's a brief overview of the book if you haven't read it.
Ever swung a baseball bat or paddled a Ping-Pong ball? If so, you know the oh-so-nice feel of the sweet spot. Life in the sweet spot rolls like the downhill side of a downwind bike ride. But you don't have to swing a bat or a club to know this. What engineers give sports equipment, God gave you. A zone, a region, a life precinct in which you were made to dwell. He tailored the curves of your life to fit an empty space in his jigsaw puzzle. And life makes sweet sense when you find your spot.
But if you're like seventy percent of working adults, you haven't fount it. You don't find meaning in your work, or you don't believe your talents are used. What can you do? You're suffering from the common life, and you desperately need a cure.
As surely as your life has a Sweet Spot, so does your trading. Trouble is, you gotta find it. Are you a Scalper? Swing Trader? Position Trader? Hybrid?
Huh?
Exactly. How are we supposed to know that? Better yet, how do we figure it out? Well, I suppose if you had enough time and money you could pretend to be all of the above and more. Eventually something should feel like it fits. Right?
Perhaps...
Train To Be A Champion
At some point in your life, you also probably decided you wanted to get fit. You bought a gym membership, but of course you were a little concerned about getting bulked up too quick. You certainly didn't want to get all muscle bound and end up looking like one of those WWF guys.
So you put off actually going to the gym for awhile, but every time you walked past those $75 kicks with the Swoosh, you felt a little twinge of guilt. Then it happened, your reflection snuck up on you in a store front window. Remember turning around to look at the poor slob head on and realizing you were the poor slob? The day of reckoning had arrived. Even at the risk of Hulking up like Hogan, you headed to the health club. Swish, swish, swish.
You walk in, your eyes adjust, you scan the room. Over in the corner are a couple of skinny guys curling 5 lb. dumbbells. Hey, I didn't buy $75 kicks and pants that go swish to curl something only slightly heavier than my favorite beverage. I came to WORK OUT! Suddenly I heard it, the siren song of steel plates being slapped together. Oh yeah... there's the cure for my common body. 3 Terminators in the middle of the next room "pumpin' iron".
"Load me up baby!" That was the last thing I remembered saying when I woke up. The paramedics left giggling and said to go home and drink some fluids. As I stumbled out the skinny guys were still over in the corner curling their 5 pounders. For all I know they still are. I haven't been back...
In hindsight I realize that the behemoths pumping iron were probably once the skinny guys in the corner. They worked their way up. They trained. They endured. They didn't give up, they showed up. Day, after day, after day. So what does this have to do with trading? EVERYTHING!
Nobody wants to trade 1 contract or quit after 2 points. Everybody wants to be Marty Schwartz the Pit Bull. Guess what? You gotta start with the skinny guys in the corner. Guess what? You might be there a really long time. The good news? You don't have to wear swishy pants.
I want you to take a look at the results from the Live Trading Room for the month of January. You may have been in the Trading Room, you may have listened to the recap on the daily radio broadcast, but have you taken it to heart yet? I know you want to trade in size. I know, you want to knock it out of the park like the Babe. While you're pointing at the outfield let me tell you a thing or two you might not know about George "Babe" Ruth.
In 1923, Babe Ruth broke the record for most home runs in a season. That same year, he also broke the record for highest batting average.
There is a third record he broke that year that most people don't know about. In 1923, Babe Ruth struck out more times than any other player in Major League Baseball.
Babe Ruth was not afraid to strike out. And it was this fearlessness that contributed to his remarkable career. He had 1,330 career strike outs - a record he held for 29 years until it was broken by none other than the great Mickey Mantle.
Most people want to hit home runs, the problem is they are afraid to fail in order to get there. As Babe Ruth proved, you can't have one without the other. It's perfectly fine to be a good, solid player who doesn't go down swinging that often...but it also means you won't hit that many home runs. Those players are needed on a team - they are the consistent and reliable players.
However...
Live Tradng Room Results
Current Month January 2013
Wednesday January 2, 2013
Thursday January 3, 2013
Friday January 5, 2013
Monday January 7, 2013
Tuesday january 8, 2013
Thursday january 10, 2013
For the month of December we set a new record +$4,300.00 per contract excluding commissions in the first two hours of trading only!.. And we miss 80% of the opportunities while mentoring! (past perfromance is no guarantee of future results)
For January we are +$1,500 per contract thru Friday January 11, 2013.
As opportunities unfold we'll keep you posted.
Questions?
Call us toll free @ 866-928-3310 during normal business hours.
After Dark - email support@cfrn.net or call 415-857-5654
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