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riviera1212

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  • First Name
    Cass
  • Last Name
    Collins
  • Country
    United States

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  1. I did make a living day trading e-minis several years ago. Started with agricultural contracts....an expensive schooling session.Looked into day trading after taking a bath holding a beans position overnight after the "pod count" announcement after close. E-minis offered mainly unrivaled liquidity and, at that time, an electronic order platform. Fills were seconds instead of minutes and more. Commissions were less. I traded the minute charts....in a position 5-10 minutes max. I spent a year papertrading and learning the patterns and timing in this one market. The news might refer to a lackluster trading day for stock traders....I would count 20+ small trend trades in the same period. I can tell you this...day trading will brutally reveal the contents of your mind to you...quickly. Your fears, obsessions, anxieties, misplaced confidence....etc, etc, will cloud or clarify your trading. Same with the daily issues and dramas of your non-trading life. In truth, the realities of risk/reward, charting, patterns, timing, stops, money management, etc. are fairly straightforward....your emotion/history driven implementation is surprisingly not. I had a few printed sayings on my trading desk: "It's all in your mind", "It's all my fault" (the need to accept responsibility for your trades); "If you know what to do, why don't you do it" (referencing a trigger pulling problem). Self discovery WILL yield success...good luck!
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