Futures trading is risky and can be an enormously stressful activity, particularly day trading futures contracts.
When you attempt to trade a market, any market, without having an exact plan as to how long you are willing to stay in the trade or at what level to get out, then you could be considered a weak minded investor who makes trading decisions on wishful thinking.
To Trade Emini Futures Contracts Requires Focus
If you are looking to trade emini futures, there is no doubt that it’s a great idea. It provides excellent leverage and yes, high risk too, but if you use it together with a strict trading plan then the markets cannot move much against you. A lot of good day traders never wait for more than 25-30 minutes for the trade to prove itself.
If you have counted 30 minutes on your trade and you still want to wait for things to get better, then you are a weak, emotional trader. 30 minutes becomes an hour, then half the session, by that time you are losing 20 times more money, then finally comes the closing bell and you don’t have to worry anymore, the contract is closed.
You have to realize that futures are not like options or long term stock investments, they are much more volatile, and subsequently the emotions that come with it are also much more volatile. Emini futures trading is a lot about volatile, emotional trading, and this is a kind of contradiction. How can one become emotionless when they are willing to play with the very source of emotions?
Emini Futures Contracts
Trading the emini futures contracts is not for the weak minded.The fact is that it is still difficult even for experienced traders to get rid of all emotions, but overall they manage to do just that. Not only are experienced traders calm with their trading, they are also calm with the way they drive, they don’t get mad at other drivers mistakes and talking manners. They are willing to give in, in many aspects of life because they feel a sense of guilt, they feel that all the millions they have made trading has come at the expense of society so they owe to somehow thank society for that.
Emini futures trading is a testing ground for the psychology of all people, I can always tell who can possibly win and who will certainly lose at Emini futures trading, just by looking at they way they talk and they way they drive, nothing else! The emotions that come out of Emini futures trading are really hard to manage, the volatility is hard to take.
Use A Mentor for Emini Trading
If you really want to learn how to trade emini futures in an emotionless way, and also learn excellent money management techniques for your trading, then you really have to find a trader who is already a big winner. Someone that feels ‘guilty’ for making a lot of legal money without the 9 to 5 grind, but rather by using advanced intuition and mental devotion.
Believe me, the traders that made big money are not the sort of people you suspect, they are definitely not the people who believe that their car is a reflection of their wallet, so they just drive normal, poor class cars. They don’t want to impress anyone in the city, they might however have their own yacht, their own villa in some exotic island, and they are unsocial kind of people.
On the contrary, a social, poser kind of person who flashes his money IS addicted to human emotions, he likes people staring at him, he likes that feeling, and when he attempts to get involved in the markets and start trading emini futures contracts, he gets killed every time. He cannot think impartially and cannot see the truth.
What Kind Of Trader Are You?
Markets are extremely good at tearing apart joker traders. The bottom line is that, in order to even think about starting to trade emini futures, you first have to figure out which category of people you belong to, the posers or the humble, subtle winners? The posers certainly don’t last in emini futures trading, and their emotions keep them on the losing side, the winners on the other hand don’t talk about their business, they don’t want anyone admiring them, they don’t want anyone impressed.
