Futures traders make their money betting on the direction of the market. The market can only do two things; reverse or continue the trend. In short term day trading, the trend is not always your friend! On a normal day, the e-Mini S&P market fluctuates and reverses as much as 40 points. Catching these turns and continuation moves is the goal of futures day traders.
How to Develop Good Futures Trading Habits
August 3, 2007 By
I always tell my new clients: “One of the most important things you can do to improve your trading is to develop specific patterns of behavior.”
Tiger Woods doesn’t plop the ball on the ground and flail away. He follows a regimented and very carefully practiced series of steps to give himself the best possibility of success. Following a pattern of behavior time after time has helped to make him the world’s most successful golfer.
Using Support And Resistance to Develop Futures Trading Triggers
July 30, 2007 By
Many traders new to futures trading make the mistake of thinking in terms of stocks. Futures trading is concerned not with individual stock performance but with the macro logic of the market. Futures traders watch the indexes, not the stocks. Remember, the market is always seeking equilibrium, constantly oscillating between previous highs and lows. Futures traders use support and resistance to gauge the range of the day and locate potential market turning points. Learn to successfully and consistently locate these turning points and the spread becomes your playground — and cash cow!
Gear Up For Trading Success: Hone Your Technique
July 25, 2007 By
Technique, psychology and money management are the three essential elements that must be mastered to become a successful trader. You’ve developed a money management system, you’ve got your head in the profit zone (see our posts dated July 19 & 20), now comes the hard part: developing a system and honing your technique.
