Learn Only Four Trades To Trade Emini Futures Successfully
Are You Really a Trader or Do You Simply Call Yourself a Trader?
Knowing how to day trade S&P emini futures first starts with getting an education and studying the things a trader needs to know. That’s no different than studying anything else in order to acquire the necessary skills. To learn how to day trade S&P emini futures, a would-be trader needs to learn how to trade. Anyone can call themselves a trader, but without an education, the person is a trader in name only. To really call oneself a trader, the individual needs to study the market and its characteristics. Those characteristics can be confusing to learn, because to the uneducated, the market seems to move with no pattern or structure. But an educated trader knows this is not the case because that person learned how to apply numbers to the market. That knowledge informs the trader where the market is likely to trade in the near future. Along with learning the characteristics of the S&P emini futures market, a trader needs to know the basics of trading: what is a trade? Not simply to execute an order, but to recognize a trade set-up. There are basically 4 different trades, and a trader needs to know each. Then there are the rules of trading that a trader needs to learn. And beyond that, a trader needs to know the day’s trading zone. I teach all of this in my emini trading course at TimelessDollar.com. Enroll and learn how to really call yourself a trader.
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.
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