Trading The Emini? Here's How To Shortcut The 3 Year Learning Curve
By Rocky Tapscott
Understanding technical analysis and candlestick chart patterns on the Emini can give us very reliable signals for trade entries and exits, and take a lot of the guesswork out of trading the Emini futures market.
It is very hard to argue which way the trend is heading if the index is making a series of higher tops and bottoms on our chart and the candles are all green. Buying the index in these circumstances is like getting carried up an escalator...it's an easy trade when you go with the flow.
Unfortunately, many people fight the trend and sell (or worse, go short) at every small down tick, thinking they have picked the top, only to see the Emini rise further immediately. By the time the buyers are finished, these traders have spent their monetary and psychological capital in a futile attempt to pick the top of the market.
Becoming proficient at technical analysis and determining the trend of the market can give us the inside running as traders, but it can take years of study and trial and error to become good enough at it to become successful.
Does TA work all the time? Of course not, nothing does. Losses on some trades are inevitable, as we cannot know for sure what the market will do. All our analysis can do is alert us to probabilities - there are no certainties in financial markets.
This is the hardest thing for most traders to accept. We all hate to be wrong, but that is the nature of the business. All we can do is take every trade our system gives us and see what happens. The better our analysis and our system, the more likely our trades will produce profits. And in addition to TA skills, you need patience, discipline and emotional control to become a successful Emini trader.
Typically, as traders we must find or develop and perfect a trading system or set of analysis tools that we are comfortable with, based on what we learn from other traders, learning from our (often expensive) mistakes, taking courses and other forms of study.
But what if you could short-cut the learning curve and become a profitable Emini trader in just a few weeks? What if you could 'borrow' a successful trader's system and implement it within days for yourself? Instead of spending your time learning to trade, you could actually be trading profitably, using a proven system that has worked for many others, within a short period of time.
The solution is to find an experienced trader who is prepared to mentor and coach you until you succeed. By going to the source, you will save yourself years of painful, expensive trial and error and become a profitable trader much more quickly than if you try to learn one piece of the puzzle at a time through reading books or struggling through expensive home study courses that often only raise more questions than they answer.
The time you save trying to work it all out yourself will be much better spend enjoying the lifestyle that becoming a profitable trader gives you.
Let's face it; most of us don't trade the market just because we enjoy the rush. We want the money, the lifestyle and the time freedom it gives us. Working from home (or anywhere else for that matter) for a few hours a day, taking days off when we want to, no boss to answer to.
Trading the Emini market for a living is the ultimate lifestyle business. Well as long as you are making money it is... If you're not, it's a nightmare. You can see the potential, but the learning curve and time it sucks up can take a huge chunk of your life.
For my money, it makes sense to let somebody else spend the hundreds of hours and thousands of dollars required to learn to trade profitably, and then hitch a ride on their coat tails. All I have to do is let them download their knowledge into my brain and then practice that they have taught me.
Why spend your whole life trying to learn to trade - find yourself a mentor who is still actively trading, and let him or her show you exactly how they do it. You'll have to pay them, but it will be money very well spent.
Rocky Tapscott is a trader who works with Professional Emini Trading Coach Sam Goldberg. Sam has written a Free 5 day Mini Course called 'The Futures Trading Mastery Course' that shows you step by step how to become a professional trader by finding a mentor who will coach you to success.
Drop by for a Free copy.