Day Trading Emini S&p 500
Friday, 3 September 2010
www.daytradewithwayne.com
Being consistently successful in trading is all about becoming so familiar with the past and recent price history of the instrument being traded that you have a “feel” for when it is oversold or overbought. This sense of current value will also be influenced by the price action at the moment of the entry. Properly managing risk in relation to a trading account balance is also very important. Finally, the trader needs to have experience with the mechanics of executing the trade with his trading platform. The latter two components of trading are important but represent, perhaps, only 5% of a successful trading formula. However, familiarity with the trading product is 95% of what trading is all about. Trading is more art than mechanics and requires a commitment of time that most people are unwilling to make. Inexperience is why most people lose money trading the markets.
Wayne has spent 4 to 6 hours a day for the last 10 years getting a feel for the ES (S & P 500) and the YM (DOW futures). If you are seeking a trading software system which always uses the same indicators and expect it to be successful in all market conditions , let me save you some time and money: it’s not out there. On the other hand, a consistently successful trader adjusts to how the market is behaving in the present moment and correctly trades a product that he has come to know like the “back of his hand.”
Sign up for a week’s FREE TRIAL http://www.daytradewithwayne.com/ in Wayne’s Room and begin building the hours of screen time you need to succeed while experiencing the freedom from stress that comes with being guided through every trade to help you achieve your trading goals.
