It is important to make the distinction between trading vs. investing. You will be hard pressed to find a trader who is not also an investor, but not all investors are traders. As a matter of fact, if you throw all traders and investors together, traders make up a mere fraction.
Setting up a multi-monitor trading screen will give you the most functionality and efficiency for your trading and is almost a necessity when trading more than one market. I use a three monitor setup and trade two markets, the E-mini S&P and Euro Futures.
As traders are we actually able to anticipate market movements or are they truly random?
The balance of supply versus perceived demand becomes the basis of my market theory. The market is in constant shift between one state of balance and another and it’s these price movements that we look to capitalize on.
One of the best parts of trading is to be able to work according to your own schedule. Frankly, it’s not even work when you love what you do. Yet a “typical” trading day becomes almost boring over time. I say this because your strategy and rules become so ingrained in your subconscious that you simply act the same way in each situation according to your plan.
If you feel like the road to becoming a successful trader has been a roller coaster ride of ups and downs you’re not alone.
Where are you on the list?
We’ve all experienced the effect of a mentor, whether it is a teacher, coach, or colleague. These are the 10 top traders that have played the biggest role in my trading, both as an inspiration and through their teachings.
Whether you are new to futures trading, or been trading futures for years, it is imperative that you fully understand the fundamentals of how the market works. Here I’ve outlined some basic concepts along with specific details of the S&P500 (SP) and the E-mini S&P (ES).
The main reason people fail at a new venture is a lack of experience. Entering the world of trading, you are up against the best and brightest minds in the world that have years and year of experience on top of you. The #1 tool that can help speed up the learning curve is the implementation and use of a trading journal.
