Day trading Emini S&P contracts is a really great way to make money! I hear and read many articles, newspaper ads, and even an ezine ad or two that claim that day trading is a sure-fire way to lose all your money. I don't agree at all. On the contrary, it's a great way to work a few hours a day and earn a very impressive six-figure income.
There is no doubt that many new traders take risks and end up losing money in day trading. This bugs me when I read about it. It gives successful day traders like me a bad name. I know quite a few successful traders in this field for many years. What I've learned is that success leaves clues! In other words, successful day traders appear to do the same things, while unsuccessful day traders do the same things. This is, of course, the exact opposite of what successful traders do!
We need to look at the root of the real problem. In other words, why do most day traders lose all their money? I think this is a really simple question to answer. This usually happens due to lack of discipline and firm day trading rules. Sometimes it is under capital and fear. Fear itself is probably the biggest “killer” of day traders.
You can also purchase books and seminars and create your own strategies for day trading. This is all well and good, but you can't be a successful trader if you can't follow the rules to the letter. Discipline in following rules is hard to achieve! I admit that when I first started, I had a hard time because I was always changing the rules. It cost tens of thousands of dollars. Learn more about my successes and failures.
http://www.eminitradingstrategies.com/emini-trader.html
Finally, I learned that the key to successful day trading is trading for profit. We do not trade at target prices. I know how much money I need each day, so I go out and make some money, and once I hit my daily profit goal, I let the day go.
My trading method is very simple and easy to learn. They need discipline! You must follow the rules no matter what. My method generates at least 1 pip per day for S&P 500 trading. We back this up with our double cashback guarantee!
I post real trading results on my blog every day.
http://www.eminitradingstrategies.com/emini-trading-blog/ I do not post “virtual” trades. Post the real deal with real representation! Some of my trades are winners and some are losers. Either way, I put them out there for the world to see. I urge you to see them. Sometimes I take a day off, and on that day I post hypothetical results and make it clear that I didn't trade that day! But even with my hypothetical trades, they are very real trades that can be executed with limited orders!
Don't believe people when they tell you that day trading doesn't work. You can get some very good day deals. In my opinion, people who say bad things are simply unsuccessful “wannabes.” Instead of complaining about it, figure out why it didn't work for you! Did you really follow all the rules? Have you always maintained discipline? Whatever you do, don’t scold the person who actually does it! And do it successfully every day.
Recently I decided to teach myself how to trade. One of the reasons I do this is because I'm tired of hearing so many negative things about my work. I also have a strong desire to teach. I have shared my methods with a few people and I love teaching and seeing their excitement and passion. If you have the discipline to follow clear rules, you can become a very successful day trader.
