S&P Emini Success Formula
S&P Traders always look for a success formula
S&P emini day traders who have established a long-term successful track record have something in common. They all know how to find risky trade setups and AVOID THEM. Avoiding risk is actually not possible in day trading, but MINIMIZING RISK is the closest thing to avoiding it. These successful traders have relatively high percentage of winning trades, generally 70% or higher. And they always strive to raise this number even more. The higher the percentage of winning trades, the more profitable the results. These traders also make very few trades because they wait patiently for the most advantageous setups. How few? Less than 5 trades a week. If that’s surprising, it’s because they wait patiently for the most opportune setups and if they don’t see it, or have doubts (everyone assesses the setup in their own way) they simply don’t trade.
Daily Trading Zone Report 7/13/22.
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.
