I remember when I first started trading Emini futures. I come from an option background and really like the idea of online day trading. I have heard of holding a winning trade and quickly reducing losses. So, I quickly turned my attention to Emini Futures' online trading day.
Well, before entering Emini Futures, I just cancelled $70,000 a week [I started with $5,000] trading options on Russell 2000. This is a very important week and it is very honest to say that it is a very good time on the market. I doubled every transaction, which is very dangerous, I don't recommend it. I know a lot of trading skills and even participated in some online day trading courses, but did not implement a money management system. Well, extraordinary, I saw the value of day trading and turned to Emini futures because entry and exit can be faster and more efficient.
Due to the high market volatility, I was turned to Emini Futues and index trading. If you play it right, a 2-3 point move can bring huge profits to your pocket. This is why online day trading is so popular. Futures traders understand that the correct day trading technology has been implemented and that access is accurate, and this small movement within 5-10 points can reduce risk and increase the likelihood of success. However, fear and greed are two people whose emotions always deviate from online daily trading, which is why the market exists.
Ok, go back to the story. Ok, I am familiar with index trading because I have participated in many online trading courses and explained the importance of catching 2-3pt every day. This can bring you anywhere from a few hundred to tens of thousands per day, depending on the number of contracts you trade.
So, as my "stock options" trading technology is in place and I get a huge profit week of $70,000, I am very excited because I have heard all the information about the Emini futures index trading, I really want to be a futures. Traders make a living.
So I jumped in and guessed what? My shirt lost a lot of time. I traded "big mistakes" during lunch, and obviously it is not enough to use day trading techniques. I see the market lingering in 1.5 channels, of course, I think I can make money quickly. I forgot the number of contracts I traded, but I lost $10,000 in a few seconds.
Remember, there are people who make money, and many of these money-making institutions are the brokers you trade... but that's another time and another place. I know that without a system, you can't enter and become a futures trader.
Orignal From: Why is online day trading so difficult? More specifically, Emini Futures - Part 1
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