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, please post your trades, 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. 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 #1957 from Nemer at Feb 28, 2002 2:32 PM
trading ....
I hesitate to get into this thread discussion on guessing/knowing/feeling/thinking/hoping/etc as to methods of entry/exit/market moves/direction/reasons ...
but
I'll not have more to say than this post ....
no going into detail ....
I've been trading longer than most of the thread posters have been alive ...
that does NOT make me a good trader, or a better trader than any here ....
but, it does make me more experienced --- both in how to make mistakes as well as how to learn from them.
some things I've learned over the years
a) forget guessing "the market WILL DO this"
b) forget trying to "determine" a dang thing
c) forget "feeling something is going to change/move/bounce/retreat/etc"
d) forget thinking "hey .. I'm good and this is easy"
e) forget hoping the market will "do what I think it is supposed to do"
1- Trade "your" proven plan
2- Be quick to take the loss
3- Let the profit run
4- Don't let a profit turn into a loss
that is about ALL it takes to succeed in the futures market
I will add that most folks I've come across care more about "being right" than making money when it comes to trading the market.....
I will repeat what I said in the post to which I'm sending this reply, for it is TRUE and IMPORTANT ....
the aim of the market
is to move money to strong hands from weak ones
and it does it with remarkable alacrity and deftness ....
and I don't mean to lecture or step on toes ....
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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
daCharts.com: Home of E-Mini Traders Anonymous trading community:
dacharts.com |
