The E-Mini Pit
If you currently trade, or are interested in learning to trade, the CME E-Minis, this thread is for you. As opposed to just another market direction discussion thread, our focus here will be on providing a traders resource of specific information on the E-Minis, including discussions of brokers, trading platforms, order types, trading methodologies, money management techniques, futures-specific tax issues, etc. In addition, feel free to post your trades if you like, but please include your reasoning, so we can all learn. Links to charts, articles, seminars, and other message boards dealing with E-Minis or futures trading are encouraged. Also, please check this original post from time to time to see any new links we post here and to check out The Post of the Day, which will be selected from daily contributions to the board.
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A Few Thread Guidelines:
This is a moderated thread, so please respect these few posting guidelines:
1. Please stay on topic. If you want to discuss corn, beans, or stocks, there are lots of other threads for those.
2. Please no bashing, profanity, or boasting of your fabulous trading prowess. Show respect for the folks who wish to post here. Help out the new folks who want to learn.
3. If posting trades or market predictions, please tell us why you are taking that position.
4. Have fun, and help us make this board a valuable resource to Futures Traders.
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POST OF THE DAY:
Message #140 from Susan G at Jan 26, 2002 7:28 PM (EDITED)
What I learned Friday was on a range bound day, with a big move of unknown direction obviously on the way soon, it's much better to just stay out and watch and WAIT for the right time to come, rather than trying to trade in such a choppy environment. I had held a few contracts overnight and caught the big gap down, but scalping in the chop was stressful and a complete waste of time.
Teresa Lo teaches you to avoid the chop and wait for the best setups, and she's absolutely right.
I've also found that when scalping the little moves, you often miss the big setups because you are not concentrating on the big picture. So patience is probably the most important trait while trading these. That and getting out fast when it goes the wrong way on you : )
Here's a bunch of posts I've collected from traders which I reread regularly to remind me not to make silly mistakes <g>
There are some great tips in some of these posts!
Subject 52196
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Key Links for E-Mini Traders:
E-Mini Contract Specifications:
cme.com
E-Mini FAQ: cme.com
Register for Free E-Mini Real-Time Quotes:
realtime.barchart.com
E-Mini Charts (Delayed): futuresource.com
Information on Futures Brokers: elitetrader.com
Futures Trading Free Seminars: zapfutures.com
NFA Home Page: nfa.futures.org
Louis Lambrecht's Pivot Lines Spreadsheet: lvlamb.itgo.com
Tax Site for Investors and Traders: board.fairmark.com
CME 2002 Holiday Calendar: cme.com |
