How to Trade the Market During the Summer When You Don’t Trust the Price Action
There are few times during the year when trading is more frustrating than the summertime. The price action tends to be clipped and erratic and I generally lose any confidence that a move will follow through in a normal fashion. In short, traders tend to lose confidence in what are normally “automatic” setups because the market has trouble maintaining a consistent order flow in any direction.Are Proprietary Indicators Necessary to Succeed in E-Mini Trading?
A large number of trading operations require prospective members to purchase a set of indicators that the educators claim are “absolutely necessary” to trade successfully. These indicators often run thousands of dollars and bear a striking resemblance to any one of a number of well-known indicators that can be had on the internet for little or no cost.Is the Summer a Good Time to Learn to Trade?
Not all summer time trading is just plain miserable, but this summer is like many others in that the volume has slowed down along with the price action. And yes, so far the trading has been miserable. Trading e-minis during these times can be just plain brutal, with hours and days passing without any substantive movement up or down.Dyed in the Wool Backtesting and Chaos Theory – A Union Destined to Fail
At one time in my trading career backtesting was all the rage. The premise was relatively simple; if something has worked in the past it is bound to work in the future. In short, all you need to do is adjust your backtesting parameters until you optimize a result that produces consistently profitable trades. Of course, most traders who utilize this trading methodology are often stunned (and I mean extremely stunned) when all the careful data analysis does not translate to profitable trading, especially if you are an e-mini scalper.Is It Time to Learn to Trade E-Minis? Avoid These Life Situations Before Starting
There is an old army saying that says, “being tired, cold and hungry makes cowards of us all.” If your desire is to learn to trade e-minis there are certain times in your life that are conducive to the learning process. There are also times in your life that any attempt to learn to trade e-minis can easily result in a resounding failure.