Successfully Trading E-mini Futures

For those unfamiliar with futures, E-mini contracts are electronically traded futures contract on the Chicago Mercantile Exchange that represents a portion of the normal futures contracts. E-mini contracts are available on a wide range of indices such as the Nasdaq 100, S&P 500, S&P MidCap 400 and Russell 2000.

The E-mini S&P 500 futures contract is one-fifth the size of the standard S&P 500 futures contract. Trading E-mini contracts offers liquidity, affordability for individual investors, and around-the-clock trading.

Trading the E-mini futures market has the appeal of a lifestyle business. Be your own boss, have no employees, be free to work your own hours, run your business from anywhere, and earn potentially very good income.

But there is a lot of work required. You need to learn and hone your market analysis, recognize a potential trade, set your strike price and stop losses.

And it’s not without risk of loss and anxiety. The market has its own mind, vagaries, and upsets. You base your analysis on lagging indicators, past history, and future expectations. What if your numbers are bad, incomplete, or pure speculation?

You could decide to hold off trading, go over your analysis again looking for mistakes, research different numbers, wait for more reports. Maybe if you slept on it and see what the market does the next day, then things will confirm or disprove your technical analysis.

But tomorrow brings the same doubts, more information, more data, different variables, different risks, and less knowledge. Your confidence fades and your trading account balance dwindles.

Well there is a solution to this common problem. It’s a system that guides you regardless of emotions, hesitation, and lack of confidence or experience.

This is what you need to trade the E-mini futures market.

  1. Decide that trading is a business like any other.It is not a hobby, a fling, a gamble, but a long-term strategy with rules. Results come with planning, persistence, patience and time. You must be unemotional, stick to the plan, and have capital you can afford to lose. Be willing to test different approaches, learn from your mistakes, and you’ll increase your chances of success.
  2. Don’t try to predict where the market is going.Base your observations on reality. There are no secret formulas or graphing techniques that can consistently forecast where the market is going to be. Sure bets based on predictions are a delusion. The only sure thing that indicates the accuracy of your trades is the balance of your account. You will get your trades right some of the time and wrong some of the time. A coin toss will get you half right half wrong just like a stopped clock is exactly right twice a day. These type of results can give you false confidence and mediocre results at best. Worse, you’ll swear by a faulty assumption until you are broke. An inconsistent approach can lead to inconclusive results and not provide a learning experience.
  3. Learn how to trade from a mentor, coach or guide.Find someone who is prepared to teach you until you understand the process, become proficient, and make money on your own. You must think and act like any other competent business person in order to succeed at trading long-term.
    Study and learn your trade by taking courses, develop a business plan, and have sufficient capital to ride out your learning curve on the way to becoming a successful trader. Of course theory can take you only so far. You will need practical, hands-on, real world trading too.
    But learning by trial and error from scratch can be a very expensive way compared to finding a coach to guide you until you are ready.
    You can learn how to trade E-mini contracts much more quickly by having a professional watch over your shoulder and guide your trades. You can’t learn everything from only books and courses. You need to do it. Find somebody who is prepared to coach and mentor you and your chances of becoming a successful E-mini trader will be a lot higher.

As an E-mini trader there are many things to keep an eye on when trading. However there are some simple steps to successful E-mini trading that will let many things take care of themselves.

FuturesTradingCoach

If you join The Futures Trading Coach program you will be taught all the steps needed to trade the E-mini futures market. Let a professional trading master lead you through the learning process and actual trading steps that you need to know to successfully trade E-minis.

To find out more, here is a free 5-day mini course called ‘The Futures Trading Mastery Course‘ which shows how to become a professional E-mini trader, written by E-mini Trading Coach Sam Goldberg.

Click Futures Trading Coach Free Mini Course for a free copy.

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