Futures trading in the Emini Index markets can be tough on beginners which are not prepared for the ups and downs associated with the day trading. I'm not talking about the ups and downs of the markets in reference to price change. No, I'm talking about what new traders experience during their initiation into the markets their first few months. The ups and downs made manifest through the emotions of fear, greed, self-doubt, lack of confidence and insecurity. Read what Doug Fisher said about emotion and trading in an article he wrote a few years ago:
"Emotion is a large characteristic of the markets as a whole in terms of fear, complacency, greed, exuberance, hope with all of these being the Achilles Heel of the individual futures trader. Very often new traders execute trades in order to regain losses made on previous trades only to begin a cycle that ends ultimately in frustration and a empty brokerage account."
How To Trade Eminis As A Beginner Futures Trader With No Market Experience
This is true still today. Newly minted traders making their first attempts with emini contracts, more times than not, do end up with a empty brokerage account because they make trading executions based on their emotions rather than sound trading logic. Sound methodology and money management skills are the tools which eradicate the emotional rollercoaster and push the new trader to the next level, ultimately ending in the progression to experienced and profitable trader.
"Emotion is a large characteristic of the markets as a whole in terms of fear, complacency, greed, exuberance, hope with all of these being the Achilles Heel of the individual futures trader. Very often new traders execute trades in order to regain losses made on previous trades only to begin a cycle that ends ultimately in frustration and a empty brokerage account."
How To Trade Eminis As A Beginner Futures Trader With No Market Experience
This is true still today. Newly minted traders making their first attempts with emini contracts, more times than not, do end up with a empty brokerage account because they make trading executions based on their emotions rather than sound trading logic. Sound methodology and money management skills are the tools which eradicate the emotional rollercoaster and push the new trader to the next level, ultimately ending in the progression to experienced and profitable trader.
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