I Have No Trading System
A Reliable Trading System Doesn’t Exist
If there is a reliable trading system that assures profits, I have not found one in my 20 years of trading. I’ve looked. A reliable trading system doesn’t exist. I figure that if there was a trading system (one that assures profits), the “big boys” would have it. But they don’t have it either. The talking head financial gurus (a guru is someone expert in their field) don’t have a system either.
When you think about it, if anyone had a trading system why would they share it with anyone? Answer: they wouldn’t. But then I came across a woman (she talks loud) who runs a trading school and talks about her system and that enrolling in her school provides you a system that would provide profits consistently. Amazing! Now, I’m not one to cast dispersions, but if you come across this woman, maybe you should enroll in her school, because I have no system!
If she does and her system makes you money, consider this my recommendation to enroll in her school. But as I said, after 20 years of trading I’ve never come across anyone or any company that claims to have a trading system that delivers consistent profits. But if anyone has any information for me regarding this, please let me know in your comments. I’d love to hear them.
Anyone who wants to learn how to day trade S&P emini futures needs to have as much information as possible in order to help determine where to place a trade. Trading is not easy to do because it is impossible to know the future with any degree of certainty. But the market does give off signals and a wise trader needs to know how to interpret the signals. Market prices seem to move erratically, but with enough information, trading S&P emini futures can be done with a greater assurance of success. An S&P emini futures trader who has Information about market signals and knows how to use them makes knowledgeable traders much more successful than others who use “seat of the pants” method.
Some of the information that S&P emini futures traders should have are:
- The Trend
- The Intraday and / or Low
- The Calculated Trading Zone via Taylor’s Book Method
- The daily calculated range
- Support and resistance levels
- Stochastics
- Candlestick patterns
These are some of the bits and pieces of information every trader needs to have in order to assess a trade. Of course, that is not to say that even with all this information a trade will work out, but having this knowledge puts the odds of success more on the trader’s side.
Having as much information as possible gives S&P emini day traders a big advantage over “seat of the pants” traders. It cannot be stressed enough that without learning as much as possible about the market, it is highly unlikely that a trader will succeed at making money by day trading S&P emini futures, much less in a trading career.
Subscribe to my mailing list to receive information about S&P emini day trading. Subscribe using this form.
