Daytrading Emini Futures for Daily Income
Day trading Emini S&P Futures really is a great way to make a living! I hear and read many articles, newspaper ads and even an ezine or two claiming that day trading is a sure way to lose all your money. I strongly disagree. On the contrary, it’s an amazing way to work a few hours a day and earn a very nice 6 figure income.
No doubt a lot of new day traders find themselves in jeopardy and ultimately lose their day trading money. This bothers me when I read it. It gives successful day traders, like me, a bad name. I know quite a few day traders who have been successful at this for many years. What I learned is that success leaves clues! That is, successful day traders seem to be doing the same thing, while unsuccessful day traders are also doing the same thing, which, to everyone’s surprise, is the opposite of what successful traders do!
We need to look at the root of the real problem, which is: Why are most day traders losing all their money? I think that’s a really simple question to answer. Usually it is a lack of discipline and a solid set of day trading rules. Sometimes it’s low caps and scary. Fear itself is probably the biggest “killer” for day traders.
You can buy books, seminars and maybe create your own strategies for day trading. This is all great, but if you can’t follow the rules to the letter, you simply won’t be a successful day trader. The discipline to follow the rules is a hard thing to come by! I admitted that when I started I had a hard time because I was always changing my rules. That cost me thousands of dollars. Read more about my successes and failures:
http://www.eminitradingstrategies.com/emini-trader.html
Ultimately, I learned that the key to success in day trading was income trading. I do not trade for a target price. I know how much money I need to make every day and I go out and do it, once I hit my daily profit goal I just quit for the day.
My trading methods are very simple and easy to learn. They require discipline! You must under all circumstances follow the rules. My methods generate at least 1 point daily trading the S&P 500 eminis. I back it with a 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 “what if” trades. I post real trades with real fillers! 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 look at them. Every once in a while I take a day off, on those days I DO post hypothetical results and make it clear that I did not trade that day. However, even with my hypothetical trades, these are very realistic trades that would have filled with limit orders!
Please, when people tell you that day trading doesn’t work, don’t believe it. You can make a very nice living from day trading. It is my opinion that the people who speak badly are simply the “wannabes” who didn’t make it. Instead of complaining, find out why it didn’t work for you! Did you really follow all the rules? Did you maintain discipline the whole time? Whatever you do, please don’t berate people who actually do it! And do it successfully every day.
I have recently decided to teach my trading methods. Some of the reasons I’m doing this is that I’m tired of hearing so many negative things about my industry. I also have a strong desire to teach. I have shared my methods with a handful of people and I enjoy teaching and love to see the excitement and enthusiasm in them. If you have the discipline to follow a solid set of rules, you can be a very successful day trader.