Understanding technical analysis and candlestick chart patterns on the Emini can give us very reliable signals for trade entries and exits, and take a lot of the guess work out of trading the Emini futures market. It is very hard to argue which way the trend is heading if the index is making a series of higher tops and bottoms on our chart and the candles are all green. Buying the index in these circumstances is like getting carried up an escalator...it's an easy trade when you go with the flow.
Unfortunately, many people fight the trend and sell (or worse, go short) at every small down tick, thinking they have picked the top, only to see the Emini rise further immediately. By the time the buyers are finished, these traders have spent their monetary and psychological capital in a futile attempt to pick the top of the market.
Becoming proficient at technical analysis and determining the trend of the market can give us the inside running as traders, but it can take years of study and trial and error to become good enough at it to become successful. Does TA work all the time? Of course not, nothing does. Losses on some trades are inevitable, as we cannot know for sure what the market will do. All our analysis can do is alert us to probabilities - there are no certainties in financial markets.
This is the hardest thing for most traders to accept. We all hate to be wrong, but that is the nature of the business. All we can do is take every trade our system gives us and see what happens. The better our analysis and our system, the more likely our trades will produce profits. And in addition to TA skills, you need patience, discipline and emotional control to become a successful Emini trader.
Typically, as traders we must find or develop and perfect a trading system or set of analysis tools that we are comfortable with, based on what we learn from other traders, learning from our (often expensive) mistakes, taking courses and other forms of study.
But what if you could short-cut the learning curve and become a profitable Emini trader as soon as today? What if you could 'borrow' a successful trader's system and immediately implement it for yourself? Instead of spending your time learning to trade, you could actually be trading profitably almost immediately.
The solution is to find an advisory or trading alert service that tells you when to buy, where to put your stop loss order, and when to sell. Now the signals the service gives you have to be reliable of course, but when you find one that helps you to make consistent profits trading the Emini, all you have to do is stick with it and you have saved yourself countless hours of study and analysis (and probably years of painful, expensive trial and error). This is time you can better spend enjoying the lifestyle that becoming a profitable trader gives you.
Let's face it; most of us don't trade the market just because we enjoy the rush. We want the money, the lifestyle and the time freedom it gives us. Working from home (or anywhere else for that matter) for a few hours a day, taking days off when we want to, no boss to answer to.
Trading the Emini market for a living is the ultimate lifestyle business. Well as long as you are making money it is... If you're not, it's a nightmare. You can see the potential, but the learning curve and time it sucks up can take a huge chunk of your life.
For my money, it makes sense to let somebody else spend the hundreds of hours and thousands of dollars required to learn to trade profitably, and then hitch a ride on their coat tails. All I have to do is invest a small percentage of my ongoing profits to access the service, and I get to keep ALL the rest. This is something you should consider testing if you are not making the kind of returns you know are possible trading the Emini S&P, the Emini Dow, the Emini Russell or Emini Nasdaq markets.
Joining a profitable Emini trading advisory service, one that gives you reliable technical analysis entry and exit signals, will save you countless hours of study (and many sleepless nights) as you grapple with learning to trade profitably yourself. Something to think about?
The First Years By Learning Curve
The LEARNING CURVE
1. Unconscious Incompetence: The first stage is when you don't know what you don't know. Remember back when you first started school. You were probably excited about being able to learn how to read. I know I was because my older siblings were already reading. But I didn't know what the alphabet was or that it even existed let alone that it had twenty-six letters.
2. Conscious Incompetence: The second stage is when you now know what you don't know. This is when you learn that there is an alphabet and that the letters stood for sounds, and that you could actually combine letters to make additional sounds. You know that you need to learn the sounds of the letters and the sounds of the combined letters. You also know that you need to figure out how these letters combine to form words.
3. Conscious Competence: The third stage is when you now know it, but you have to concentrate to use what you know. This is the stage of reading where you have finally put letters together to make words, but you have to concentrate to sound them out. You are actually working at reading each word.
4. Unconscious Competence: you know it, and you can do it without thinking about it. This is the stage of reading where fluency takes over. You are able to automatically retrieve the words and become a fluent reader. Reading becomes second nature. It is easy.
Every time we learn a new task, we go through these steps. As parents, we don't usually think about this relating to our jobs. When we start a new job or task we know there is what we refer to as a learning curve. We know that once we become more familiar with the new job or task it will become easier and easier. Eventually the task becomes second nature to us. That is what happened when we learned to read, or to ride a bike, or to make a meal. It is difficult at first but gradually we move from the unconscious incompetence to unconscious competence.
So, Why Am I Even Going On About This…and What Does It Have to Do With Homework Wars?
Think about it, what often happens is that we expect our kids to be able to get right to their homework assignments and complete them with ease. We also expect them to be able to read with ease, do writing assignments with ease, and do math assignments with ease. If we keep in mind this learning curve, the four stages of learning, we may end up being more patient and helpful to our kids and have a more pleasant homework time.
Keeping the learning curve (the 4 stages of learning) in mind, kids need to learn how to do homework, when to do their homework, and why they are doing it. When children understand there is a reason for doing something, that it is not just busy work, they are more apt to do it without complaint.
Aren't we the same? When we don't know how to do something, do we do it readily? If you are anything like me, you probably do the things that come easily first and put off the things you don't know how to do very well.
If we haven't consciously put an activity or chore into our schedule does it always get done on time? I can't begin to think about the countless times I have been stressed because I'm up on deadline for a project because other things took me longer than I had expected. And, I think of myself as being pretty good at time management.
When we don't understand why we need to do a task, especially one that is pointless in our opinion, do we do it quickly and well or do we procrastinate about doing it? Isn't this familiar to you? And, if we see the value of doing something, don't we give it a higher priority and pay a little more attention to it, and get it done in a timely fashion? I know I do!
I'll never forget the day one of my students, Michelle, was having a hard time with her writing assignment. As we started our lesson, I automatically said to Michelle, "You need to do it this way because…". Her mother overheard me and started laughing and said to Michelle, "I told you she'd explain why." Later, her mom told me how frustrated she had been and that she had been arguing with her about it. She finally said, "Let's take it into the Learning Center. You know Bonnie, she'll explain to you why you need to do it that way." When our children understand the why of things, they buy into doing them with greater ease.
One More Reason...
The other reason I'm going on about this is that we can actually help our child expedite their movement from unconscious incompetence to unconscious competence by doing a few simple things with our kids on a regular basis.
For instance, we can help them move from working hard at reading to becoming fluent readers with a few minutes a day of reading specific reading drills that work on fluency, tracking, and the rapid retrieval system at the same time. This practice not only improves their reading skills, but also makes doing any reading/writing assignment easier. They will even be able to read the directions for the assignments with ease. And, helping your child with the reading drills provides a little bit of structured one-on-one time per day with your child.
So, when we remember the learning curve (the 4 stages of learning) we help to move our children into that fourth stage faster. The result is less homework wars, kids that learn better time management skills, kids that understand why they are doing their assignments, kids that are more fluent readers so they understand how to do the assignments by reading the directions, and kids that buy into the assignments and do them more readily. So, all in all, it's a win-win situation.
Both Rockford Tapscott & Bonnie Terry are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Rockford Tapscott has sinced written about articles on various topics from Religion, Web Development and Surveys. Rocky Tapscott is a trader and investor who works with Professional Emini Trading Coach Sam Goldberg. Sam has introduced a new Trading Alert Service that signals regular, high probability, low risk trade setups. Drop by. Rockford Tapscott's top article generates over 12100 views. to your Favourites.
Bonnie Terry has sinced written about articles on various topics from Education, Business and Finance. Bonnie Terry, M. Ed., BCET is a Board Certified Educational Therapist and Learning Disabilities Specialist. She specializes in helping parents and teachers identify and understand the causes of their child's/student's learning & homework problems and has. Bonnie Terry's top article generates over 720 views. to your Favourites.