E-Mini Trading: Why the Obsession With the ES?
For aspiring e-mini traders, the contract of choice always seems to be the ES contract. I don’t understand that reasoning because the ES is among the most difficult of contracts to trade profitably. There are many reasons for this, which we will talk about later in the article, but the obsession with the ES, and the inevitable results, make it an unsatisfactory contract for new traders to start their trading careers.E-Mini Trading: How to Set Your Stops Correctly
Setting stops that give you, as an e-mini trader, adequate protection against catastrophic loss and profit targets that maximize your return is an important step in your e-mini trading education. Needless to say, there is a wide variety of opinion on methodology on this topic. To be sure, there are even traders who trade without stops.Purchasing A New Computer For Trading Futures
Trading futures can be very frustrating and confusing especially for novices who are just starting out. What is even more frustrating and confusing is determining which computer you need to buy so that you can buy and sell real time.Disciplined Day Traders Sit On Their Hands
The term we often hear “sit on your hands” applies to every style of trader. It is arguably more relative to shorter term day traders since we rapidly move in and out of trades. The basic definition of “sit on your hands” is to WAIT for our entry rules to signal an opportunity.Emini Futures Are A New Way To Pay For College Tuition
College students today are faced with a huge problem. To get ahead in this world a college education is vital. Yet college is expensive. Students emerging from many colleges and universities after earning their 4 year degree can have debts of anywhere from $50-100,000. For professionals, such as doctors and lawyers, the price can be much higher. When just starting out, that may take years to pay off. While scholarships help, they may only cover a portion of the entire amount. Many students end up taking out loans to stay in school. Yet everyone tells students — to get ahead in life you must stay in school and get a good education. What a dilemma. Stay in school and get burdened with a huge debt or don’t get a college education and end up with debts anyway since you can’t get a good paying job.Writing Trading Rules That Fit Your Personality
Most new attempts at trading for a Living fail because the trader lacks trading rules. Of course, these are Trading Rules you’re expected to write before you have any trading experience. Asking a trader who is new to the trading business to write Trading Rules is like asking a High School Senior to pick a College major before he’s ever stepped foot into the business world.Quote Stuffing Is A Thing Of The Past
On July 5, 2011, the Consolidated Quote System (CQS) used by the U.S. Stock Exchanges, increased its quote capacity by 33 percent to 1 million quotes per second. This capacity was quickly filled by high frequency trading robots (HFT’s). HFT’s make the old game of “quote stuffing” seem like amateur hour.E-Mini Trading: Channel Trading, Bollinger Bands, and Reversion to the Mean Theory
As I mentioned in earlier articles, I am an enthusiastic channel trader, which flies in the face of what most e-mini traders consider prudent trading. Most e-mini traders avoid trading in channels because they can be unpredictable and unprofitable. Reversion to the Mean Theory has certainly had its abuse over the years by purveyors of stocks and bonds.Day Trading and Other Jobs From Home
Working from home is an ideal job situation for most people. There are a lot of benefits and advantages that come from it. Unfortunately, working from home is not conducive to every job, but there are a few careers that can be successful right from your own house, such as E-mini futures trading.The History of Options Trading
The first account of options was in Aristotle’s book Politics, published in 332 BC. Aristotle wrote of the astronomer, philosopher and mathematician Thales from Miletus, who used the stars and weather patterns to predict the next year’s olive harvest. Predicting an plentiful harvest, and knowing that a large harvest would result in olive presses being in high demand, Thales knew he would make a significant profit if he owned all the olive presses in the region. Unfortunately, he didn’t have the money to buy all the olive presses in the region.E-Mini Trading: How Many Contracts and How Often Should You Trade?
This is a very difficult question to answer properly, because the response is dependent upon an e-mini traders experience and goals. Obviously, a new trader should trade a single contract until he or she develops the competence and confidence to trade in a consistently profitable manner.E-Mini Trading: So You Think You Want to Trade E-Mini Contracts For a Living?
The dream of working from your home harvesting buckets of cash in your pajamas (if that is your preference) is an idealized view of economic nirvana often associated with e-mini trading. Unfortunately, for a fledgling trader nothing could be farther from the truth. Countless internet educators trumpet “easy money” to be made with relative ease are a contributing factor to the mistaken viewpoint that e-mini trading is an easy road to untold riches.