Simple Emini Trading - Part 3

"Experience is one thing you can't get for nothing. "  Oscar Wilde

Simple Emini Trading - Part 3 / The Old Butcher

In Part 1 we discussed what the market is capable of doing. There are only 3 things. Can you remember what they were? If not, go back and review the material. We also discussed the new traders reluctance to use a hard stop and how much that mistake could cost him or her, their first day on the new job. Do you remember? If not, read it again. 

What's amazing, this new trader who will on average lose that much money on his first day by doing the very thing even the cab driver told him not to do, is the same guy who was reluctant to invest in an education and was uber-obsessed with shaving $1.00 off his round turn commissions with a $3k account. So what if the trade desk is in India and the broker himself has never placed a trade before, "I'm saving a buck per round turn!" "I got this thing wired."

Click to read more ...

Simple Emini Trading - Part 2

"Any idea, plan, or purpose may be placed in the mind through repetition of thought."
Napoleon Hill 

Emini Master Mind Course

Chapter 1 - Empty Your Head And Start Over

As we begin our journey to learn this business of trading we are a blank slate, an empty vessel. Hungry for knowledge and "hot tips", we are extremely vulnerable. If someone says something with a little conviction in their voice and enough swagger in their walk, we tend to believe them. If they say it enough times and it goes unchallenged, we eventually write it on the tablets of our heart. This is our first big mistake.

"Yet who are we to question the teacher" you ask, "when we ourselves know so little"?

Click to read more ...