Traders, Do not be fooled by the smoke and mirror emini trading that is presented by trade callers or developers who never trade. Trade calling is not the same as real time, real money trading. Would you trust a video game pilot gamer to fly a real plane? Could a video gamer who races video Indy games qualify for any race? Absolutely not! Trust your money with the real traders and not scared, panicked fake traders who have never tested their program themselves with real money. Trade callers never make errors or know what hard day or easy day of trading is for they do not trade. Real daytraders do make errors and have easy and hard days. For example, we had a hard day trading the emini es on Friday September 11, 2009 for the es was very choppy and sideways. We did get tired and frustrated in the real emini arena and did experience a small losing day. Not all Fridays are choppy or bad since the market really does not care what day it is, but has a mind of its own that is fueled with buy and sell orders. We never even had a chance to quit early with profit thus making most of us sucked in and looking for that futures breakout that would create a trading opportunity. It never happened in the e-mini es, so we went home as small losers, and with the understanding that we know that one trading day will never make or break our trading careers.
Then came Monday and all us daytraders entered the real octagon of trading without any trading hesitations. Well, we did not have one losing trade on our futures charts, and whether it was on the 244 tick or 3 minute es. This was an easy day of trading and mainly because we understand the trend and it was LONGS all day long. It was longs and easy and we could not lose with our emini software and in the emini trading room. This was a fun day for all of us went home winners if you followed the eminitradingschool software for trade station or ninjatrader or any charting platform and using our ecourse.
Then came Tuesday and we had PPI and Retail Sales economic news releases. These news reports made the market trend, but with so much fast up and down ticks that it could make you tired from the focus we had. There was never a chance to enter any trade on a limit due to the violent moves during the first few hours. You had to hit the buy/sell at market button and take the slippage you got. Yes, the whole morning was about getting slippage in the fast trending, choppy market conditions. Slippage must be part of trading and understood by the day trader. We will talk about slippage the truth behind it another day. Anyway, the futures market did smooth out and trading go easier throughout the day and with a good ending to the daytrader on all our e-mini software programs.
THIS IS FUTURES TRADING!