http://eminitutor.com/ Your Trading Coach l Oct. 29 2015. How much time do you spend sitting in front of your computer trading EMini Futures on an average day? Possibly even “trend trading”?
If it’s more than 60 min. there is a good chance you might be wishing you had more confidence in what you were seeing on your charts. As Your Trading Coach I would suggest that there is no need to sit there all day staring at your screens. We trade 30-60 min. at market open and are then usually finished 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 achieved a disciplined emotional 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 want to gamble, Vegas is the better option, at least you’ll get 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 trade, even elaborate money management skills will do no more than merely postpone the inevitable. You might possibly even induce self sabotage of your account into the array of acceptable solutions. As your trading coach we will address these emotional obstacles to get you to the next level. https://youtu.be/lHhbwjs7TYk
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