The money management strategy is very personalized, since it is designed and executed to meet individual requirements of a trader. This strategy varies from one trader to another, because every trader has a different goal, different risk tolerance level, and different amount of capital.
Just Give Up! You Stink at E-Mini Trading:
I shudder to think how many aspiring e-mini traders have heard this ultimatum from the wives, loved ones, or immediate family. I just heard from a gentleman who had received a demand from his wife that he either get profitable in one month or go look for a "real" job. Countless new traders find themselves faced with this sort of dilemma.
What Are The Pros And Cons Of Binary Options?:
Binary options is one of the best options for individuals to improve their finances. This option can also help individuals make their future better.
The Easiest 1,600 Pounds I Ever Made Trading Stocks (And Worst):
The story of how I made an error in the markets and ended up winning over 1,000 pounds. It was November 2008 and I'd been trading full time for only a couple of months.
Calming the Mind Using Binary Options:
That which unfolds within a trader's brain will either make or break the success of becoming a consistently good trader. Although a trader may hear the numerous adages regarding the psychological impact on trading or even seek counseling, seldom does the trader effectively conquer these issues. Since trading attracts highly intellectual individuals, failure is obviously not due to a lack of intellect. Instead, with successful traders, it is the accumulation of experiences trading live markets; the developing abilities to multi-task under extreme conditions while their subconscious constantly guards to protect exposure from unforeseen market conditions. This is a double-edged sword setting up many for failure; yet without the experiences of real live trading then the psychological issues cannot be overcome.
What Are My Favorite Set-Ups For E-Mini Trading?:
I track every e-mini trade that I execute on a commercially produced Excel-based spreadsheet for review at a later time. This particular spreadsheet requires me to enter some fairly detailed information about each trade and on a separate page tallies the information and provides me with a complete page of my trading metrics. In short, I know what trades are working and what trades are dogs.
Is There One E-Mini Trading Set-Up That I Trade Without Fail?:
I chart all of my trades on an Excel spreadsheet, which gives me an approximate success rate on all the e-mini trading set-ups I initiate. Of course, you might counter with "Well, no two trade set-ups are exactly the same" and you would be right. So I have to classify trade set-ups into reasonably narrow classifications to extract any meaning from the data. In short, it is an inexact science but one that can give you meaningful insight to which general categories of trade set-up work the best under given situations.
Worried About A Correction and How It Will Affect Your E-Mini Trading?:
There are sure a bunch of "talking heads" babbling endlessly about the coming correction. I think everyone should go through a correction to get an insight into the ferocious side of the market. Generally speaking, correcting markets are like any other phase of e-mini trading, just faster.