http://eminitutor.com/ Day Trading Coach l Oct. 28 2015. How much precious time do you spend sitting in front of your pc trading EMini contracts on an average day? Maybe even "trend trading"?
If it's much more than 90 minutes there is a very good probability you may well be hoping you had more confidence in what you were finding on your charts. As Your Day Trading Coach I would undoubtedly advocate that there is no need to sit there all day gawking at your monitors. We trade 30-60 minutes at market open and are then usually done for the day. Taking 2 1/2 to 3 points out of the market before turning off the charts is our business plan. The rest of the day is left then to do as we choose. Work smart, not hard.
The key to success is consistency, not how many points you can make. Once you have realized a self-disciplined mental AND technical state of consistency it's just a matter of adding contracts. Just like in Vegas, the longer you sit there, the more likely you'll give it back. If you choose to gamble, Vegas is the better alternative, at least you'll get a free dinner and drinks.
There is no such thing as an acceptable draw down period. As your trading coach I would suggest that either you know how to trade EMini or you don't. If you don't know how to day trade, even high tech money management techniques will do no more than merely delay the inevitable. You might possibly even bring about self sabotage of your account into the cluster of acceptable solutions. As your day trading coach we will address these emotional hardships to get you to the next level.
If it's much more than 90 minutes there is a very good probability you may well be hoping you had more confidence in what you were finding on your charts. As Your Day Trading Coach I would undoubtedly advocate that there is no need to sit there all day gawking at your monitors. We trade 30-60 minutes at market open and are then usually done for the day. Taking 2 1/2 to 3 points out of the market before turning off the charts is our business plan. The rest of the day is left then to do as we choose. Work smart, not hard.
The key to success is consistency, not how many points you can make. Once you have realized a self-disciplined mental AND technical state of consistency it's just a matter of adding contracts. Just like in Vegas, the longer you sit there, the more likely you'll give it back. If you choose to gamble, Vegas is the better alternative, at least you'll get a free dinner and drinks.
There is no such thing as an acceptable draw down period. As your trading coach I would suggest that either you know how to trade EMini or you don't. If you don't know how to day trade, even high tech money management techniques will do no more than merely delay the inevitable. You might possibly even bring about self sabotage of your account into the cluster of acceptable solutions. As your day trading coach we will address these emotional hardships to get you to the next level.