Master Theses Skills To Trade For A Living
Without Learning These Skills You Cannot Trade For A Living
Day trading is often a hit and miss exercise, where some trades make money and others lose money. The net result, hopefully, is that more money is made on winning trades than is lost on losers. This is what most trading boils down to and while that seems to be a formula for success, the reality is that the losses often exceed the gains. In the above sentence, the word “hopefully” needs to be removed so the sentence reads “The net result is that more money is made on winning trades than is lost on losers”. How can traders do this in reality? By reducing risk to the minimum amount possible, and also by knowing where the market will go on any trading day. And those are in addition to having mastered trading skills. This video explains some of the ways how traders can do that.
Anyone who wants to learn how to day trade S&P emini futures for a living needs to master certain skills and have as much information as possible in order to trade successfully. 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.
