Why Don’t E-Mini Traders Let Their Winners Run and Minimize Losses Before They Hit Their Stop/Loss?
Anyone who has read even the most basic of trading texts has read this maxim as it relates to money management. For unknown reasons, and without explanation, I have observed that nearly 100% of new e-mini traders will dive out of trades where they have entered into profit and watch their losing trades ride straight into their stop/loss.Don’t Count on a Lagging-Indicator E-Mini Trading System to Perform in All Market Conditions
I am an e-mini scalper and doing so generally results in gains between 10-30 ticks. While many traders of this style have much lower profit targets, I have found that letting trades run a bit results is a far more profitable system of e-mini trading. In my opinion, one of the leading contributions to the staggering failure rate among new traders is using a lagging indicator trading system.How to Immediately Make Big Bucks E-Mini Trading
This is a headline that, in some similar iteration, I read on dozens of websites when I peruse what various vendors offer to prospective clients, and it is a very enticing offer at that. But there are several problems with this attention-grabbing come-on; it isn’t true. I will be the first to tell you that you can make a wonderful living e-mini trading, but if you’re planning to be a millionaire within 365 days then you can count on being sorely disappointed.Do You Understand the Likelihood of Winning Each E-Mini Trade?
E-mini trading is based upon the probability of winning/losing each e-mini trade you enter. No matter the set-up, there is a possibility of either winning the trade or losing, and your job as a trader is to enter high probability trades and avoiding low probability trades. On long or short trades you must determine whether the set-up favors your ultimate actions or leaves you with a slim chance of winning.What Should You Look For in a Good E-Mini Trading Room?
Rating trading rooms has become the latest news in the world of e-mini trading. Oddly enough, I had spent very little of the last 8 years looking at other trading sites or mentoring programs. Out of the blue, Dean Handley starts a trading room rating service based upon his own methodology with very mixed results and a tepid reception by the e-mini trading community.