Emini Futures Trading Strategy
Trading Strategy for Emini Day Traders
Day trading can be highly profitable if the trader has a strategy that increases the chances of success. There are three outcomes for every trade: the trade is profitable, the trade loses money, or the trade breaks even. Traders want to profit from as many trades as possible, and those traders who develop a successful emini futures trading strategy have a big advantage over traders who don’t have any trading strategy.
Types of Day Trading Strategies
There are many types of emini futures trading strategies that day traders can use when planning their trades, and successful traders know when to employ them depending on various circumstances. Strategies can be based on markets and price trends or if the trader is risk-averse or prone to higher levels of risk. Some examples of emini futures trading strategies that are market-based strategies are when prices are trending, the market is showing signs of unusual volatility, or the prices are at support and resistance levels. Strategies that are based on observations of a trend being established will indicate that a trade in the direction of the trend should be profitable. At
times when the market is showing signs of unusual volatility, a trader may determine that the volatility presents undue risk and may therefore not trade until prices establish a discernable pattern. Over a period of time, the market can display points of support and resistance. A prudent traitor may adopt a strategy based on the support and resistance levels and make a trade accordingly. These are but a few of the E-mini futures trading strategies that experienced traders often utilize in their trading decisions.
Strategic Emini Trading To Find Trade Entries With Hi Profit Potential
One of the most important things successful emini traders need to know is where to enter a trade. Strategies for locating the high probability areas to enter a trade is one of the most important factors that determine if the trader will succeed as a day trader. Using a trading strategy that results in the correct entry will have the effect of the trade being profitable immediately upon the trade being executed, giving the trader a quick profit. Without a strategy to find where to enter, the trader will have to endure trades that become an immediate loss. If there is no entry strategy, a trader must decide whether to wait for the trade to turn profitable or to cut losses and exit the position.
Most traders, but especially newbies and novices, don’t have emini futures trading strategy for finding where to enter a trade. There are signals – but finding these signals is not so simple. Having a trade entry strategy is therefore a very important part of learning how to trade emini futures successfully. Having a strategy to find where to enter a trade reduces trading risk. In fact, on some days an entry strategy may keep the trader out of a market that displays no high probability areas to enter a trade.
Trade Exit Strategies
Just as with strategies for trade entries, consistently successful traders have an exit strategy that protects profits. Knowing where an when to exit a trade is almost as important as knowing where and when to enter. An exit strategy employed while a trade is profitable will get the trader out with a profit and before the trade possibly retrenches and turns to a loss. Similarly, an exit strategy for trades that are unprofitable will reduce the level of loss, guiding the trader to exit with a small loss, thereby preserving capital. Both the entry and exit strategies are based on reducing risk. In the case of the entry strategy, the entry is based on entering trades that have a high probability of a price movement in 
a particular direction so there’s less risk of the price going against the trade. In the case of the exit strategy, the exit is based on exiting trades with a healthy profit and in observation of price countermoves that reduce the profit or even turn a profit to a loss.
TimelessDollar Emini Course Includes Trading Strategies
Fact is, it is not easy to learn how to trade, but nothing worthwhile is easy. Nevertheless, a trader who knows how to adopt various emini day trading strategies will have a better trading experience. Because of this, learning about trading strategies and how to employ them is an important part of the curriculum in my emini trading course “Trading Mastery For Financial Freedom“.
I’ve mentioned only a few emini day trading strategies that are based on market price action, but there also are others that are based not on the market but on the individual trader. Every trader is different, of course, and as a result, their difference are reflected in their trading strategies.
Trader-Based Day Trading Strategies
Trader psychology is also a large consideration in determining how a particular individual will trade. Whole volumes of books are devoted to the psychology of trading and it’s a topic of high importance and also determines the strategy that the individual trader will adopt. For example, some traders are more risk-averse than others who are comfortable with higher levels of risk. Traders who shun risk will be more conservative in their trades, while those with a higher risk tolerance will tend to be more aggressive in their trading activities. Another factor that determines the strategy adopted by the individual trader is the size of their trading account. Using the 1% rule (taught in my course “Trading Mastery For Financial Freedom“), a trader with a $10,000 trading account should limit their trade risk to no more than a $100 in any trade. On the other hand, a traitor with a $100,000 trading account can risk $1000 per trade while still maintaining the strategy of the 1% rule.
Having a high probability trading strategy is a key component of learning how to trade e-mini futures. The first step any trader should take before enrolling in a trading course is first making sure the course curriculum includes lessons on emini trading strategies. I highly recommend my emini trading course “Trading Mastery For Financial Freedom” for the lessons on trading strategy alone – although there’s much more included in the course.
Not everyone who learns how to trade is successful, but every successful trader has a firm strategy underpinning their success.
