Being a day trader is a fast paced, overwhelming job and is not for everyone. You need to have the right mindset and the right attitude in order to be successful at emini day trading. Recognizing the necessary qualities and habits of a good trader before you get started is important, so that you can be as successful as possible. nahls
The right attitude and personality is not something you can completely learn in a day trading course. A course can teach you the habits you need to get into, and the attitude a trader should have, but in order to be successful, this attitude and personality should already be a part of you. Trading is not for everyone. Some of the personality traits and habits that are important when trading eminis are:
Do not get ahead of yourself: Trading can be exciting and at first you may want to risk a lot, trying to make a lot of profit. However, you do not want to go crazy by risking high amounts of money. The name, emini, indicates that trading should be small, not big. The reason for this is that if you do lose, you only lose a little. If you played big and lost, you may have to call it quits. But little losses here and there will not kill your game. You will still have the opportunity to make money and recover the little that you lost. Messipoker
A good way to stay in control and not get ahead of yourself is to set goals and objectives for each day or each week. This way you can measure your success by when you reach your goal. When you reach your goal, you can step away until the next day or the next week, and not risk losing any money on a silly gamble. Do not set your goals too high. Being realistic about them will increase your odds of successfully reaching them.
Poker face: Once emotion comes into the game, emini day trading gets messy. Stress or being hesitant will completely mess up your strategy and you risk losing big. If this is your job, you need to treat it as so and not let emotions get in the way. preferablepups
Organization: Being organized is a very important part of trading. You want to keep track of every move you have made and why you made it. Having these records to review at the end of the day or even at the end of the month will help you a lot. You may recognize patterns that worked or mistakes that you can learn from. It will also help you keep track of your money. Keep a notebook by your side or a document open on your computer.