Day Trading Emini S&P Futures is really a great way to make a living! I hear and read lots of articles, newspaper ads and even one or two engines claiming that day trading is a sure fire way to lose all your money. I totally disagree. On the contrary, it is an incredible way to work a few hours a day and earn a very nice 6 figure.
No doubt, many new traders put themselves at risk and eventually lose their money day trading. It bothers me when I read about it. It gives successful day traders like me – a notoriety. I know several day traders who have been successful in this for many years. What I have learned is that success is indicative! Meaning, successful day traders all seem to be doing the same thing while failed day traders are doing the same thing – which is not surprising what successful day traders do!
We need to look at the root of the problem, which is: Why are most day traders losing all their money? I think it’s a pretty simple question to answer. Usually it is a lack of discipline and a strict set of day trading rules. Sometimes it is under capital and fear. Fear within oneself is probably the biggest trader “killer” of the day.
You can buy books, hold seminars, and possibly create your own strategies for day trading. These are all great, but if you can’t follow the letter rules – you just won’t be a successful day trader. Achieving discipline is a difficult thing! I admit I had a hard time when I first started because I was always changing my rules. It has cost me thousands of dollars. Read more about my successes and failures:
Eventually, I learned that the key to successful day trading was trading for income. I do not trade for a target price. I know how much money I have to make every day and I go out and make it, once I achieve my daily profit objective, I just give up for the day.
My trading method is very simple and easy to learn. They need discipline! You have to follow the rules in every situation. My methods trade at least 1 point S&P 500 eminis per day. I return that by double money back guarantee!
I post my actual trading results on my blog every day
http://www.eminitradingstrategies.com/emini-trading-blog/ I do not post “hypothetical” trades. I post real trades with real admissions! Some of my businesses are winners and some are losers. Either way I put them there for the world to see. I beg you to visit them. I occasionally take a day off, on those days I post speculative results and I make it clear that I did not trade that day! However, even with my speculative business, they were very realistic business that would have met the limit order!
Please don’t believe it when people tell you that day trading doesn’t work. You can earn a very nice Living Day Trading. It’s my opinion that those who make bad faces are just “onebase” who couldn’t make it. Instead of complaining about it, find out why it doesn’t work for you! Have you really followed every rule? Have you always maintained discipline? No matter what you do, please don’t blame the people who really do it! And do it successfully every day.
Recently I decided to teach my trading method. Some of the reasons I’m doing this is because I’m tired of hearing so many negative things about my industry. I also have a strong desire to teach. I’ve shared my methods with a handful of people and I enjoy learning, and love seeing the excitement and excitement in them. You can be a very successful day trader if you have a strict rule of thumb.