Tag Archive | "emini"

Hardware And Software For Day Trading Emini Futures

Hardware And Software For Day Trading Emini Futures

What do you need to day trade Emini : Hardware

Having a stable computer system is crucial to your trading success. Imagine what would happen if your computer hangs in the middle of a trade. What happens if you suddenly get disconnected from the internet? Accidents do occur and these scenarios are very possible, I have encountered an internet disconnection while trading. Such scenarios are potentially lethal to your trading especially when the market can move against you in a couple of minutes in the case of day trading.

Besides making sure that our equipment is up-to-date and reliable, care must also be given to the planning of a backup system. For example, I have 2 internet connections just in case one fails and I always have my laptop on standby should my PC hang in the middle of a trade. This section covers the necessary precautions and minimum set up you need to start trading. It is important to remind ourselves that making money through trading is our ultimate aim. It is easy to fall into the trap of delaying setting up your trading system because you want to fine tune your computer system. Have the basic reliable set up and get ready to go!

Although there are no hard and fast rules to your hardware configuration, I recommend the following minimum configuration.

CPU : at least 1GHz

Memory RAM : at least 512MB ( charting software is memory intensive)
Monitors: at least two 17 inch XVGA monitors (resolution of 1280 X 1024)
Graphics Card: Any graphics card capable to support 2 monitors, usually one monitor will be connected via analog cable and the other monitor connected via digital cable. Hence it is important that one of your monitors support digital output.
Internet Connection Cable or ADSL, try not to connect trough wireless since wireless connections are prone to instability.

A minimum of 2 high quality monitors is needed in order to display all the charts and order management screens. If you only have one screen, you might ALT-TAB in windows to switch between the different applications, however, there is not really much reaction time when the market is moving and I strongly recommend have at least 2 monitors to display all the necessary charts and applications.

What do you need to day trade Emini : Software

After the hardware set up all that remains is installing the appropriate softwares and you are ready to go. Although it is not a must, it is advisable to invest in antivirus softwares and firewall softwares such as Norton or Mcafee. The last thing you want to worry about is whether your system is infected or not.

Real time Data Provider

Day trading imposes stringent conditions on data providing services. Although there are a lot of free delayed quotes on the internet, a real time data provider is necessary. Usually the data will come together with software to display the data as candle sticks in real time. Some brokers provide real time data but lack the necessary software to display the data in a meaningful format.

Qcharts off good real time stock data with a state of the art charting software that you can run from your computer.

Novice traders should strart from the Qcharts subscription which costs /month. Besides this, you will also be required to subscribe to data from real time exchanges, for example, if you chose AMEX (/mth), NYSE (/mth),NASDAQ (/mth) and CME EMINI (/mth). This will constitute a total cost of 6/mth to Qcharts.

Interactive Brokers

There are many brokers out there in the market. Interactive Brokers which offers one of the cheapest commissions from trading Emini. ( .40 per trade) also offers good support and I have never failed to get a response from their help desk.

You will also be required to choose which market data to subscribe. For trading Emini, subscribe to “ US Securities and Commodities Bundle Non-professional – Level I ” which is free. However a charge of will be imposed if the monthly commissions is below .

00 is the minimum required to open an account. However, a starting minimum of 00 would be desirable, since IB restricts you from trading once your equity falls below 00. IB provides several trading platforms including web based and downloadable software versions. The software version is more stable. One caveat here is that you need to install a Java plugin before you can run the software.

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Emini Futures Day Trading : Fundamentals And Simulated Trading System

Emini Futures Day Trading : Fundamentals And Simulated Trading System

Fundamental Analysis
Fundamental analysis is a methodology for analysis of a company as a viable stock that you want to hold for long term. Fundamental analysis is more widespread in the world of investing since you are going to hold your companies for 10 to 20 years, you do not wish that your companies go bankrupt the next day. Some of the common ratios used are P/E ratios (price earnings ratios) which measures the relative price of the stock to the earnings of the company, the EPS (earnings per share), the debt equity ratio and tons of other ratios.

Although I have spent considerable time studying such ratios I discovered that you do not really need such information to be successful in day trading. I repeat, fundamental analysis plays a marginal role in day trading. In fact, most of the time, I don’t follow it at all. If you still have reservations about ignoring fundamental analysis, I recommend trading ETFs (exchange traded funds) such as QQQQ which mirrors the movement of the NASDAQ 100. In essence, you are actually trading the index like a normal stock. Indexes usually have a huge number of stocks in them, making them less susceptible to company specific news. However if you are paranoid, then you might still want to follow the news of the major companies in the index.

here is no lack of information and no end to analysis. Knowing the fundamentals might seem cool when you discuss company so and so over a cocktail party, but it will not help you rip money off Wall Street in day trading. Being able to remove fundamental analysis from the decision making process is also one of the reasons why I recommend trading Emini index futures.

Paper Trading: Don’t Ever Underestimate it!
Paper trading refers to trading with virtual money, you do not use real money. You jot down in your notebook when you bought at what price and why. When you sell, you record in your notebook again why you sold and calculate the profit or loss associated with the trade.

If you cannot make money by paper trading, you can forget about making money in real trading. Always test a new trading idea with paper trading first before using real money. Also start with paper trading after a long period of break, to help you get back in touch with trading.

Although there is very little difference between paper trading and real trading in Emini, real trading is subjected to slippage and psychological factors come into play when you are using real money. Do not underestimate the impact of psychological factors on your trading. After you have a reasonable method and money management techniques, it is the psychological factors which will determine whether you make a profit or loss.

Some traders have created software to paper trade. You hit the buttons like you are doing real trading but only virtual money is involved and no real cash is used. The system will record down the time, price, symbol and the position opened or closed. This saves you the trouble of keeping a paper record.

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Emini Futures S&P 500 And NASDAQ 100 : Basic Trading Info

Emini Futures S&P 500 And NASDAQ 100 : Basic Trading Info

What are Index Futures?
Future contracts originate from commodity trading. A future contract is an obligation to buy/sell a certain quantity of commodity at a specific date for a specific price determined at the outset of the contract. Future contracts are frequently used for hedging risks and also for speculation.

For example, with the recent hike in oil prices, an airline company which uses a lot of fuel might want to hedge it’s exposure to oil prices through the purchase of oil futures. If the price of oil is now and is expected to go up to within 3 months, the airline would hedge its exposure by purchasing the 3 month future contracts so long as the agreed price is less than .

Oil prices now
Expected oil price in 3 mth’s time (by airline)
Price of 3 mth oil contract (by oil producer)
Actual price 3 mths later

Let’s assume the airline can find an oil producer willing to sell oil 3 month later for , the company would enter a futures agreement with this oil producer for delivery of a certain quantity of oil in 3 month’s time. If the price of oil falls to , the airline still has to purchase at the agreed price of . But what propelled the airline to enter the futures contract in the first place is its expectations of future oil prices going up to in 3 months and buying at a price below (3 months later) seemed reasonable to the company.

Index futures are cash settled, there is no physical delivery of commodity as in the case of wheat, corn, etc. Although index futures can also be held for the long term, the time span we are concentrating on is a day. We are using the index futures as a vehicle for speculation and not for hedging as in the case of the airline company.

What is the Emini S&P 500 and NASDAQ 100?
NASDAQ 100 and S&P 500 index futures is listed on the Chicago Mercantile Exchange (CME) and trades on the Globex electronic system. CME acts as the counter party for each trade, hence if you short futures, CME will be taking the long position and vice versa.

NASDAQ 100 Emini contracts is actually one fifth the size of their larger counterparts, the NASDAQ 100 index futures. Each point of the index will represent and the minimum fluctuation ( tick size ) is 0.5 points which is equivalent to .

S&P 500 Emini contracts is actually one fifth the size of their larger counterparts, the S&P 500 index futures. Each point of the index will represent and the minimum fluctuation ( tick size ) is 0.25 points which is equivalent to .50.

Globex opens from 16:30(EST) on weekdays and 18:00(EST) on Sundays and public holidays. The closing time is 16:15(EST) on all days. However, there will be a scheduled maintenance of Globex from 17:30 till 18:00 (Monday through Thursday, nightly). I know the timings can be quite complicated, however as day traders, we are mostly concerned with trading when the market is opened as we have to capitalize on the higher liquidity available. I do not recommend entering trades after market hours, due to low volume which leads to slippage. The time span you have to concentrate on is really the market opening hours from 9:30 till 16:15 (EST).

More information regarding the contract specification of the Emini can be found on CME’s website.

symbols for the S&P 500 and NASDAQ 100 Emini index futures. Both the NQ and ES emini contracts have expiry months in March, June, September and December which are denoted by the letters “H”, “M”, “U”, “Z” respectively. Hence NQ05Z will represent the NASDAQ 100 emini contract with expiry month in December 2005. Similarly, ES06H will be the symbol for an S&P 500 emini contract with expiry month in March 2006.

March H
June M
September U
December Z

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Futures Trading – Methods to Trade The S&P 500 and E-mini Futures Contracts, PART 1

After twelve years of watching and day-trading the S&P 500 almost every day, I’ve come to some conclusions of what works and what doesn’t. These methods can also be applied to other markets as well, for both long and short-term trading.

Let’s say our mental make up is type A, being best suited to focus on day-trading commodity futures contracts. We understand there are no easy roads to finding a trading edge. So where do we go from here? The next step is to select a futures market that is liquid and presents day trading opportunities. Possibly the currencies, US Bonds, and a few other markets that occasionally show good action will suit you.

You can choose anything you like, though I suggest you pick the S&P 500 futures market and be done with it. It has everything you need; liquidity, action and 24-hour trading. This 24-hour activity is important. Not because you will be trading the night Globex session, but because the overnight session holds valuable information to anticipate the next day session. A quick morning inspection of overnight activity can give you crucial information about changes in trend, important support and resistance tests and much more.

The next step of preparation is to set up a delayed futures contracts quote service. They’re cheap. There’s no need for real time commodity futures quotes at this point. You will also need some computer charting software. Personally, I use my old and trusty TradeStation 4.0 that I bought back around ’94. It does everything I want and more. You couldn’t give me a later version for free. I guess once we get to know a piece of software intimately, it becomes an old friend and a hard habit to break. With TradeStation 4.0, I’ve experimented with the S&P 500 futures contract for over 12 years, writing my own indicators and methods.

It seems like I’ve spent a lifetime trying anything I could think of. Evidence of this is looking at my long list of custom trading indicators. I currently use only about ten of the hundreds I’ve written. But you need to find what works and suits yourself.

Modeling software like this is such a blessing. I remember in 1979 when I would haunt the local library asking the librarians to bring up last year’s Wall Street Journals from the cellar. I sat there for days plotting out daily, weekly and monthly commodity futures charts for cattle. That was just the beginning, of course.

Now I can plot that data in seconds with indicators that would have taken hours to calculate. In those days we didn’t know what worked and what didn’t. There just wasn’t enough time to try it all. I didn’t know there is no Holy Grail. It took the computer to prove this to me years later. I’m glad to live in this technological age.

It all comes down to developing a few trading indicators that you feel comfortable with. I have long thrown out the over-used, price based moving averages, oscillators, and other similar stuff that many watch. Besides, a trained eye can see price action just fine. There’s no need for a delayed version of price to color your thinking.

You want something that ADDS new trading information to what is already there. There are several things you cannot easily see with your eye that requires computer calculation and graphic presentation. Besides, being right in front of us, unique indicators remind us to pay attention to them. It’s easy to forget to check certain critical market parameters. One example would be a routine that can flag when certain a-periodic cycles are due. That’s something you cannot easily see with your eye.

Part Two of Four Parts – Next!

There is substantial risk of loss trading futures and options and may not be suitable for all types of investors. Only risk capital should be used.

Thomas Cathey directs the managed futures division of Thomas Capital Management, LLC. Get FREE, his complete 44+ lesson, “Thomas Commodity Trading Course” and weekly TimeLine newletter by visiting: [http://www.thomascapitalmanagement.com/commodity/welcome.htm] The course is brand new and fun reading… a “street-wise” trading e-course. Visit the main Thomas Capital Management trading website at: [http://www.ThomasCapitalManagement.com]

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Emini Day Trading Course – Should You Use Indicators For Your Trading?

Let me be brief, so you don’t waste your time on some people who happen to fall into two camps. The camp that says that indicators don’t work and the camp that says that you can trade using only indicators without even looking at the price bars.

The second camp is even more lunatic than the first one, and both have one thing in common: they largely consist of bozos who most likely have never traded in their lives, thus have little to no idea what works and what does not. In particular, they don’t understand that indicators do work, except that there are situations when they don’t work as well as in other circumstances. If you don’t know something like this, which seems to be rather basic to those who spent some time studying these things, you clearly don’t know much about trading. Using indicators or not.

Unfortunately, these days more than ever before, the Internet is crowded with marketers masquerading as trading experts adding to the confusion of those who are only starting trading eminis. Sometimes these pseudo-experts will even use the no indicators formula as a way to make their system look special or particularly easy to use. Like in “look ma, no indicators.” I recently ran into one of those fellows who has taken it to a totally new level: while he is claiming that his system uses no indicators, even a very cursory examination of his site reveals that the opposite is true. The system uses no just one, but two indicators, rather well known ones, at least among more sophisticated traders.

Let me make sure that you understand what I mean by the indicator. It’s quite simple actually. It’s a pretty standard definition.

The indicator is some function, mathematically speaking, of price. Moving averages and different kinds of oscillators (stochastics, for instance) are good examples of that. What functions like that do is to take the price and transform it into something else. That something else sometimes is not even measured in the same units as price, meaning it does not use the same scale as the price chart. Various oscillators are a good case in point of this type of situation, while moving averages are not. The price itself, if not subjected to any transformation is, obviously, not an indicator.

Yes, it is possible to have trading systems that truly rely on no indicators. This author designed a system like that for trading the s&p 500 emini futures years ago, seven to be more precise. The system did well back then, and continues to work well even these days. I use this personal example to demonstrate that truly indicator free trading systems can work. But that does not mean yet that systems using indicators don’t.

The reason some people tend to wrongly believe that indicators don’t work has a lot, if not everything, to do with the nature of indicators. Being the derivatives of price, indicators lag behind it. As result, the trader acting on signals from indicators is bound to be late compared to the trader who uses only the price to make his trading decisions. In situations when volatility is relatively high, this is unlikely to matter, but when volatility is low, the trader relying on indicators will be struggling with ranges too small to allow him to make any profits. It is thus not indicators, but volatility that prevents the traders from making money. If you limit your trading to circumstances when volatility is decent, using indicators is not likely to be a major problem, if at all.

To those new to the world of emini futures, who may even not know what I am talking about, let me briefly mention what eminis are for they are still relatively new trading instruments.

Namely, eminis are smaller-sized contracts of “full-grown” futures contracts that have been around for a few decades. The “mini” part of their name has to do with their smaller size, several times smaller than the size of their older brethren. Unlike the latter that have been traded on physical exchanges, eminis have always been traded electronically, allowing small, retail traders with access to the Internet to compete against institutional traders from the comfort of their homes or home based offices, literally anywhere in the world. That’s what the “e” in their name stands for, namely “electronic.”

For an excellent emini day trading course that uses both indicators and price action, as it should be in rational intelligent trading, please see this: http://www.eminimethods.com/system_KING.html

Waldemar Puszkarz, Ph.D., is a web veteran with 15 years of web surfing under his belt. By training, he is a theoretical physicist, but his interests are much broader than science and include trading financial markets, sports betting, poker, and researching online business opportunities. He is also an avid book reader and sports afficionado. Currently he is making his living mostly as a day trader. He has been in the trading trenches for almost a decade during which he has traded a variety of financial instruments. He is the owner and webmaster of Eminimethods.com (http://www.eminimethods.com) which provides free common sense trading education and simple trading systems for e-mini and stock markets as well as reviews of honest online business opportunities in Meet HOBO section of his site.

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Emini Futures – The Best Markets For Day Trading?

Emini futures markets are growing in popularity. Having actively traded them for over 7 years now, I have witnessed their growth personally and I don’t think I would ever want to switch to trading anything else. Because of that, the answer to the subtly phrased question in the title of this article has to be a decisive “yes!” Yes, indeed, the emini futures are, in my humble yet educated opinion, the best markets for day traders ever created and in what follows I will try to substantiate this opinion with what I believe are convincing arguments.

Let’s start then. This is an article about why emini futures markets are the best markets for day traders, especially the new traders who may still be looking for the best trading instrument out there. There are several reasons for that. Let’s list them then but not until we mention what emini futures are. That’s for those so new to the subject that they might not even have heard about emini futures.

Emini futures are simply smaller sized contracts of more mature futures contracts, such as S&P 500 futures or natural gas, or crude oil. The latter have been around for decades, while the former for merely a decade or so, the oldest one of them, S&P 500 e-mini futures, having been launched only in 1997. The “mini” part of their name refers thus to their smaller size, which effectively means smaller points.

To give you an example, one point in ES, the S&P 500 e-mini futures, means $ 50, while one point in the full S&P 500 futures contract is worth $ 250. What this means is that had your position with 5 emini futures contracts of ES moved 1 point in your favor, you would have made as much a trader trading the full contract under the same favorable circumstances. Or in other words, if you want to be as rich as the other guy, you need to use 5 times more of e-mini contracts of S&P 500.

It is probably not that hard to guess what the “e” in “e-mini” stands for. Yes, that’s right, it stands for “electronic.” These are contracts that can be traded electronically, meaning over the Internet, which is one of their great appeals for this means that everyone with a reliable access to the Net can embark on a day trading career from the comfort of their homes. But don’t quit your day job yet, and don’t stop reading this article yet. You will thank us later for this sound advice. You are welcome…

With this very basic introduction done, let us now tell you why we believe emini futures to be the best markets for those eager to try day trading. Day trading, by the way, does not mean trading every day. It only means opening and closing your position during the same daily session. You can close literally seconds after opening it, but you can also hold it open for hours. Details don’t matter. As long as you close it during the same daily session you opened it, you are technically a day trader. This does have some formal (or legal) consequences but those apply to stock day traders only and we will return to this later.

First of all, it’s the ease of access that makes their choice so compelling. This is reflected in more than one way. One of them we already mentioned: you can trade them from the comfort of your home or your home office and who would not like that, right? But there is also another reason why trading emini futures is practically for everyone. That’s because you can trade them with only $ 2,500 in your brokerage account. That’s how little one of the emini futures brokers in the US requires you to deposit with them to be able to day trade eminis. While there are many more stock brokers out there (some of which offer also emini trading, but usually with higher commissions) than emini brokers, the number of emini brokers have been growing and these days you do have quite a choice among them. Some of them offer day trading margins as low as $ 500, and their commissions keep declining almost every year, with some very competitive brokers offering round turn commissions of only $ 4.00 if not less, at least for some emini markets. Lower commissions means obviously easier access too, but it’s the fact that you can day trade emini futures as much as you wish with only $ 2,500-5,000 that makes all the difference compared to stocks.

Namely, as we already alluded to when talking about formal consequences of opening and closing your position during the same day trading session, you cannot do this more than three times during the same session when trading stocks unless you have at least 25 grand in your account. This rule that prevents smaller stock traders from frequent daytrading, often referred to as the day trading pattern rule, does not apply to e-mini traders who can easily take more than 3 trades during the same day and avoid being penalized in any way by their broker. Emini futures thus rule quite decisively compared to stocks for those with less money to spare.

But the ease with which you can get access to frequent day trading of eminis is not the only advantage they hold over stocks. Another major advantage is the leverage they offer. Let us explain what it means. Imagine that the popular stock index known as S&P 500 is at 1000.00. Let us recall that its one point is worth $ 50 in ES, the S&P 500 emini futures contract, so if ES were a stock, you would have to pony up $ 50*1000.00=$ 50,000 to trade this stock or a half of that if you were trading it in a margin account. But you can actually control 50 grand with only $ 500 (your margin for one emini contract with some brokers), giving you the leverage of 100:1, a tremendous leverage no doubt about it.

There is still one more a reason, rather obvious and quite compelling why you would want to choose day trading emini futures over day trading stocks. Simply because it’s easier to focus on just one emini futures market, say S&P 500 or Dow Jones, than on a whole bunch of stocks. Yes, it’s possible to day trade just one stock that has a respectable daily range swing (say AAPL or GOOG), but then you would also need have at least $ 25,000 in your account to be able to do it frequently enough to earn a living as many day traders do or aspire to do.

I hope I have convinced you that giving emini futures a try might be a good idea. But not only when you are ready. Getting ready can take some time, but rushing unprepared would be a very bad move.

Interested in launching a lucrative emini daytrading career? This author believes that KING, a blockbuster emini trading methodology, can put you on the fast track to success in this field. For more about KING, please see http://www.eminimethods.com/system_king.html.

Waldemar Puszkarz, Ph.D., is a web veteran with 15 years of web surfing under his belt. By training, he is a theoretical physicist, but his interests are much broader than science and include trading financial markets, sports betting, poker, and researching online business opportunities. He is also an avid book reader and sports afficionado. Currently he is making his living mostly as a day trader. He has been in the trading trenches for almost a decade during which he has traded a variety of financial instruments. He is the owner and webmaster of Eminimethods.com ( http://www.eminimethods.com ) which provides free common sense trading education and simple trading systems for e-mini and stock markets as well as reviews of honest online business opportunities in Meet HOBO section of his site.

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E-Mini Trading: Overleveraging Yourself Out of the Business

Article by David Adams

Real Live Trading Doesn’t Lie. Spend several days in my trading room and see if you can benefit from a fresh and unique view on trading e-mini contracts. Sign up for your free trading experience by clicking here












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Emini Trading – What Specifically is Emini Day Investing?

Article by Tony Ritenour

As opposed to the latter that have been traded on bodily exchanges, eminis have normally been traded electronically, making it possible for retail traders with accessibility to the World wide web to compete in opposition to institutional traders from the comfort of their houses or household based offices. That is what the “e” in their name stands for, namely “electronic.”The most common these types of contracts incorporate ES, YM, and ER2, that is the emini contracts of S&ampP 500 futures, the Dow futures and the Russell 2000 futures. In other words, these are eminis of stock index futures.Scores of emini traders trade these hugely well-known buying and selling automobiles each and every day, in some cases several times a day. Day trading emini futures does not call for you to have a substantial funds to risk. Some emini brokers can open an account for you with only $ 3,000 if not slightly a lot less, so no wonder that several look at their luck at this game that can be pretty lucrative to these who have mastered it.But what specifically is day investing?Some persons may perhaps imagine that this is self-explanatory, but this may perhaps not automatically be so. If you consider that day investing implies trading just about every day, then this is actually not the point. Even nevertheless, it is legitimate that quite a few daytraders take additional than one particular trade virtually every last day if not just about every day, day trading definitely suggests a form of trading that assumes that you shut your placement the similar day you opened it, that is, by the stop of the regular investing session, which spans around the exact time period as the ordinary stock investing session. In other words, daytraders want to be out of their positions by 4 oclock PM EST, or more exactly by four:15 EST (or even five:00 EST if you happen to trade YM) as that’s the stop of the regular investing session of most electronically traded US stock index futures.There are some very good causes why you would like to be out of your place by then. Initially of all, once the overnight session begins, which takes place shortly soon after the shut of the each day session, the overnight emini margins kick in. Because they can be many periods larger than people permitted for daytrading, what this signifies is that if your account is compact, you might even be unable to hold your position overnight and so you are simply forced to shut it. 2nd of all, keeping your place overnight is a additional risky proposition than keeping it during a day as it remains exposed to worldwide occasions, generally unpredictable and turbulent that are very likely to generate wild fluctuations in futures markets. And who would really want to lose their sleep over that? Certainly, not so several.So even though it is legitimate that numerous day traders trade quite a few instances a day, daytrading is hardly about frequent buying and selling. It is basically about closing your position previous to the end of regular buying and selling session. That’s how daytrading differs from other sorts of trading such as swing investing in which you hold your position open for a several days to a number of weeks and from place buying and selling where you maintain your placement open for months.

About the Author

I am an avid trader and have studied many different types of trading disciplines. I hold a Series 3 license with the National Futures Association and am also listed as non member CTA. NFA License 0426998. I do trade the some of the systems listed on the site. I also have a trading blog at http://www.tonysmarketanalysis.blogspot.com.Futures Trading Systems, Futures Trading Systems, Futures Trading Systems

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I am an avid trader and have studied many different types of trading disciplines. I hold a Series 3 license with the National Futures Association and am also listed as non member CTA. NFA License 0426998. I do trade the some of the systems listed on the site. I also have a trading blog at http://www.tonysmarketanalysis.blogspot.com.Futures Trading Systems, Futures Trading Systems, Futures Trading Systems












Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

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Some Advantages and Disadvantages of Scalping and E-mini Trading

Article by David Adams

While many investing “experts” claim it is difficult to scalp stocks or futures for a living, there are legions of successful e-mini scalp traders who can prove otherwise. On the other hand, for every 100 new traders in the e-mini markets, only 20 will be around after three months. Those are some pretty grim statistics. I have long contended that there is a correlation between a trader’s personality and his or her trading style, and a certain type of individual flourishes when trading in the scalping style and others never quite seem to get the hang of the technique.

Scalping is known for a variety of characteristics. Years ago, a lot of money was made in a style of trading that took advantage of disparities in bid and ask prices; these days, a scalper is more likely to be a trader looking to make 5-7 trades (or more, if the opportunities arise) and take a small profit of 6-10 per trade. It should point out that even scalpers get a runner from time to time. Some characteristics of scalping are:

Scalpers are in cash every night; all trades are completed during a given trading period of the traders choosing. Scalping takes advantage of the leverage that the futures market offers Scalpers are looking to make small profits on high probability set-ups when they trade. Scalpers are interested in overall trends, but focus primarily on individual moves in market to earn their profits. Scalpers use tighter stops than most traders. (though there are some scalpers who feel wider stops make for a better winning percentage)

There are some distinct disadvantages to scalping though, and some find scalping an unsuitable trading style. Some disadvantages might be:

A trader spends an inordinate amount of time in front of the computer when scalping. It is very easy for an untrained trader to lose a lot of money if he or she doesn’t have a good idea how they define their scalping goals. This style of trading can be just plain tedious. I can personally attest to this point, as a matter of fact, the traders in my trading room often join together at 4 pm EST and have a celebratory beer on our winning days. It is indicative of the stress trading causes, of course, there is never anything wrong with a cold beer after trading (just my opinion on the last point, superfluous as it was) In order to trade desirable markets, some e-mini scalper’s trade some very unorthodox hours, sometimes trading all night and sleeping during a part of the day. Sometimes, no matter how reliable a set up you employ, things just don’t go your way, and that can be very discouraging.

Is scalping for everyone? No, I don’t think it is. I have had several students tell me that the pace is just too fast for them to be comfortable; and sitting in front of the computer all day is some people’s idea of sheer torture. The point is a simple one: If you are not cut out for fast paced trading action and lots of computer face time, scalping isn’t for you.

My personality is one that is impatient and seeks immediate gratification. Scalping is a perfect venue for me to trade. This may not be true for a trader who is pragmatic and systems oriented. He or she may find scalping the equivalent of a 100 yard dash, instead of the marathon style of trading they are acclimated to trading.

In summary, we have listed some characteristics of modern scalp trading and the advantages and disadvantages of scalp trading. Further, it is my belief that scalp trading is especially well suited for certain personality types. Finally, I suppose the only way to find out if this style of trading is you “cup of tea” is to investigate this interesting and exciting style of trading.

About the Author

Real Live Trading Doesn’t Lie. Spend 3 days with me, in my trading room, and see if you are one of the many that can profit from a fresh and unique view on trading e-mini contracts. Sign up for your free trading experience by clicking here.

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Real Live Trading Doesn’t Lie. Spend 3 days with me, in my trading room, and see if you are one of the many that can profit from a fresh and unique view on trading e-mini contracts. Sign up for your free trading experience by clicking here.












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\”The” Emini Trading Plan

Article by Edgar Miccenne

An Emini Investing System trading the Emini Futures which is acquiring jobs of the grander sized S&P 500, has been around for years. The bigger S&P has been exchanged at Wall Street from the beginning of time. The smaller Smaller S&P have been traded electronically, as well as normally through the Web. This allows a speculator to trade with institutional commercial paper, searching for launching action, as well as employing all the charting tools a larger NY Stock Exchange trader might certainly not have link to. A highly effective Emini Investing Process acquiring the Smaller sized S&P provides colossal influence opposed to shares or bonds.

An Emini Investing Process employing right indicators as well as charting devices has a positive aspect over Stock Exchange investors who perform certainly not use such helpful charting shows. It is vital to indicate, this leveraged edge can be extremely risky as well as dangerous in the hands of unskilled Emini S&P 500 investors, however however this has definitely not prevented newbie investors from converging to Emini Futures.

Emini S&P trading is not light, though it can be realized by having sufficient time and study. The primary internet day investing rules in this Emini Trading System use, just as they perform when investing shares or bonds, but because of this significant leverage, adopting design is even much more vital to follow a system than trading stocks. If no regulations are in site, it’s fairly effortless to squall an Eminis dealers trade bank account very fast.

A very important guideline is increase the incomes of the occupation and keep the loses to a nominal. I hear over and over about on-line day speculators that captivate 100 point or tap defeats and also remain in their impugning account crashing trade. In this market, one have to have a trailing cease? You will need to rip your declines and move forward. If the marketplace is headed towards in the contrary direction as well as laying out computer software highly recommends taking an opposite path occupation, why stay in the loser as well as certainly not re-enter the winner?

Let us go over the last here as it appears to be of even more value than the prior. When failing to remember this crucial rule of exiting loses, you are most likely to have a completely washed up bank account relatively rapidly when day trading the S&P Emini. But, this rule is often breached despite the grave consequences that doing therefore entails. Just how could one be successful as an online day speculator with this system, many miracle. Permit us attend to this issue as it is not really carried out purposely.

There is no doubt that dealer’s ego is involved in this method. Plenty of individual, S&P Emini speculators being no allowance, sadly, do not want admitting to themselves they have indeed fallen short, so they would rather anticipate points to somehow or other get worked out in their favor while they eliminate entirely their stop-loss and also dive further as well as farther in to the red region. Several times only hope that when the dust opens scopes in supreme damage. Of course, your right to be an option investor one has to be an optimist, but one additionally needs to be a realist as well as being self-disciplined. Infringing inherent guidelines of investing is not a sign of essential restraint.

Although, there is another reason why outranking this rule all to commonly shows up. Exactly what is certainly going onI think there, is a shortness of faith in oneself in one’s Emini Investing Process. This are able to make an Emini Futures investor prevent an expended position. The day investor is unsure if he will definitely get a finer investing shot. If he had actually taken into account a considerably more desirable trading chance is very likely to present itself as the dropping trade is still being captivated, the Eminis trader might might have definitely dumped to loser much sooner, hence the seriousness of an Emini Trading System.

The actual point from the last verdict is this: if you’re taking into account trading the Eminis or other index, for that matter, you must make sure you have valuable investing signs and also Emini Investing System that you have confidence in as this will definitely this is needed to prevail your trading match.

Emini Investing Process coach instructs traders tools as well as secrets via a highly effective Emini Trading Process. This day investing system has actually taken years to execute and also establish.

About the Author

Pick the correct emini investing process and approach for the kind of dealer you are. Every dealer has to have their very own little differences due to the fact that after all people are all assorted, yet the key foundations to trading is essential to find out normally you could too not trade. The key to emini trading is being patient, grasping the marketplace, accepting the danger as well as having a collection approach. For additional comprehensive information on this subject matter go this

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

Pick the correct emini investing process and approach for the kind of dealer you are. Every dealer has to have their very own little differences due to the fact that after all people are all assorted, yet the key foundations to trading is essential to find out normally you could too not trade. The key to emini trading is being patient, grasping the marketplace, accepting the danger as well as having a collection approach. For additional comprehensive information on this subject matter go this












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