Emini S&P futures intraday trading is truly a great way to earn a living! I hear and read many articles, newspaper ads, and even an ezine or two that claim that day trading is a surefire way to lose all your money. I totally disagree. On the contrary, it is an amazing way to work a few hours a day and earn a very nice 6 figure income.
Undoubtedly, many of the new day traders are in danger and ultimately lose their money in day trading. This bothers me when I read about it. It gives successful day traders, like me, a bad name. I know quite a few day traders who have been successful at this for many years. What I learned is that success leaves clues! That is, successful day traders appear to be doing the same thing, while unsuccessful intraday traders are also doing the same, which, unsurprisingly, is the opposite of what successful traders do.
We need to look at the root of the real problem, which is: Why do most day traders lose all their money? I think it is a very simple question to answer. Usually it is a lack of discipline and a solid set of intraday trading rules. Sometimes it is capitalized and scary. Fear itself is probably the greatest of the daily traders “killers.”
You can buy books, seminars, and maybe create your own strategies for day trading. This is all great, but if you can’t follow the rules to the letter, you just won’t be a successful intraday trader. The discipline to follow the rules is a difficult thing to acquire! I admit that when I started I had a hard time because I was always changing my rules. That cost me tens of thousands of dollars. Read more about my successes and failures:
http://www.eminitradingstrategies.com/emini-trader.html
Finally, I learned that the key to successful day-to-day trading was trading for income. I do not trade for an indicative price. I know how much money I need to earn every day and I go out and do it, once I achieve my daily profit goal I just put it down for the day.
My trading methods are very simple and easy to learn. They require discipline! You must follow the rules in all circumstances. My methods generate at least 1 daily trading point with the S&P 500 eminis. I back it up with a double money back guarantee!
I post my actual business results on my blog every day.
http://www.eminitradingstrategies.com/emini-trading-blog/ I do not publish “hypothetical” trades. I post real operations with real fillings! Some of my trades are winners and some are losers. Either way, I put them there for the world to see. I urge you to look at them. From time to time I take a day off, on those days I DO post hypothetical results and make it clear that I did not trade that day. However, even with my hypothetical trades, they are very realistic trades that would have been completed with limit orders!
Please, when people tell you that day trading doesn’t work, don’t believe it. You can earn a living by negotiating very well. In my opinion, the bad-mouthing people are simply the “wannabes” who didn’t make it. Instead of complaining, find out why it didn’t work for you. Did you really follow all the rules? Did you maintain discipline all the time? Whatever you do, don’t berate the people who actually do it! And do it successfully every day.
Recently, I decided to teach my business methods. Some of the reasons I do this is that I am tired of hearing so many negative things about my industry. I also have a strong desire to teach. I have shared my methods with a handful of people and enjoy teaching, and I love seeing the excitement and enthusiasm in them. If you have the discipline to follow a solid set of rules, you can be a very successful day trader.