Trading emini futures contracts on stock market indices such as the SP500 or Nasdaq, requires a level of expertise and following in the footsteps of more experienced traders.
Emini day trading is all about catching short term market moves, as a result of this, most emini traders are actually day traders or just very short term oriented traders.
Volatility Provides Opportunity
It does not matter whether you choose to trade the Nasdaq or SP500, both emini futures contracts offered on these markets are very similar as far as volatility is concerned.
Emini Day Trading Tips
• Watch the trading calendar and never be in a trade ahead of a report!
• Never trade on FOMC meeting days. (These days are too volatile but with very small trends developing, and the markets usually close flat).
• If a volatile day is expected, stay out of the market at least during the first hour.
• Find an emini trading mentor! No matter how well you think you can trade, the mentor will pinpoint your weaknesses and save you a lot of bad trades, while keeping the good ones going.
Emini Day Trading Requires Determination
After looking around and talking to many serious traders, I finally found that very few mentors out there know how to read these markets. Emini day trading is often intimidating and it’s easy to get confused and end up making the wrong trading decision. On the contrary, these older and wiser traders can easily identify predictable time zones from non predictable ones, and instantly eliminate 70% of the inherent market risk that these emini futures contracts carry.
Not only they have a serious and very effective training plan, but they also were able to answer so many difficult questions. Questions like: ‘How do I make sense of the trading calendar? How do I spot dumb money moves? How do I deal with conflicting indicators? And many, many more questions!
Emini Day Trading Mentors
My mentors helped me a lot, and even though I have moved on from their original trading strategy, as I have slightly changed their rules. I combine everything they taught me together with what I learned from others, the results are very good!
In fact, the rules mentioned above, are not to be used as golden rules. For example I will now trade on FOMC meeting days, but I know that the early session trend has 90% probability of fizzling out, in fact the whole day will be nothing but false moves. So I can trade small size, and fade these moves!
For someone new to emini day trading, FOMC meeting days can be extremely intimidating. Imagine a trader that is expecting a massive rally to take place, so he or she goes and buys big… imagine how many unnecessary losses this trader will incur that day only to see the market close flat!
If you are keen to get a profitable emini trading strategy in place, get serious and start investing with the pros today…
