Can You Design a Successful E-Mini Trading Plan?
The general trend in e-mini trading has been the elusive search for plain-Jane trading systems that are simple to trade and understand. If you have read any of my articles, you know I tend toward more complex but understandable and executable e-mini trading plans that isolate and measure interrelated variables that alone have marginal individual predictive properties; but when used together they form a synergistic trading system that has the possibility of predicting high probability e-mini scalp trades.What Single Variable Do All Successful E-Mini Traders and Scalpers Have In Common?
Though they think they can be successful, a significant numbers of traders who approach me for mentoring talk about their most successful trade. When I press them further and more pointedly by asking, “Okay, but overall is your account positive or negative since you began trading?” Unfortunately, an overwhelming number of these traders sheepishly admit they are negative overall in their trading.Are You One of Those Individuals Who Should Avoid E-Mini Trading At All Costs?
We have come a long way, and these days anyone with a trading account and a computer can call themselves an e-mini trader. Equal access to the markets is a great thing; but there are individuals who probably should avoid e-mini trading at all costs.
I can’t begin to describe the number of people with whom I spoken about trading that want to learn e-mini trading on the e-mini S&P 500 (ES e-mini contract). These are generally individuals who have read some DIY book that describes the fantastic experience one can enjoy reaping daily profits trading this contract. Generally these new traders are dead-set on just the ES and will not settle for anything less. In my opinion, the ES is one of the most difficult e-mini trading experiences one can endure.Which Are the Best Markets to Day Trade?
There are many different markets for a day trader to choose from. Choose the one which best suits your style of trading.