Emini Day Trading Rules For Successful Investing

by Bullhunter on July 15, 2010

Discipline is very important in any form of stock market investing, much like it is in the military, where simple logic or common sense proves the case; the military could never work under democratic rules, but it does work well under discipline and fascistic rules.

Day Trading RulesBasic day trading rules are much the same, once you have the plan, you should not confuse your homework with the execution plan.

Homework requires a lot of thinking and planning, but executing the trade requires observation and following the rules, no thinking!

Emini Day Trading Requires Methodology And Tactics

The extreme complexity of online charting packages and stock market tools would have you believe that there has to be a lot of thought taking place in the trading business. The fact is that these tools are used for planning the trade and the whole trading plan, but when the trader places the order there’s no more judgement on the markets.

The trader looks at the trading calendar, figures out volatility and the impact of news, then looks at important price levels on the weekly charts to see I they are relevant for that day. He then makes up his mind as to whether he should buy dips or sell rallies, after that he will have a clear trading plan for the day.

Specific Day Trading Rules

Wait up to 25 minutes for the trade to prove itself – a lapse of 25 minutes is a kind of stop loss order.

Be out of the market during the first hour on unclear direction days.

Use the first hour high and low as well as yesterday’s high and low for possible turning points today, if the trade goes well you should get out near these levels.

Count 30 minute bars, 3 large, consecutive up or down bars often make the first leg of one trend, it is considered as a very likely top or bottom and stops should be tightened once these levels have been reached.

Don’t take trades during the mid session timezone, participation is lower and trends hardly ever develop.

Emini Trading Rules Are Statistically Proven

The markets do adhere to these day trading rules more often than not, exceptions to these rules, are indeed the exception to the statistical rule and nothing more. These rules help develop an emotionless trading plan that can stay immune to minor price volatility and panic attacks that are reflected in the price.

There are trading mentors that provide premium, advanced training, which is much more detailed and sophisticated than the above day trading rules. If however you can’t afford such efficient, premium stock market education, at least stick to the above rules and it will help you somewhat.

Of course the premium educators do something unique, they help remove the emotions out of your trading, and that is something no book or articles can ever do! It’s like going to the doctor and getting advanced therapy, one that exactly fixes your health problem and you get your life back.

Emotionless trading with discipline and advanced homework techniques is imperative, but always kept separate, that’s what real emini trading is all about!

Guest Post by..
Scott Smith @ investingthestockmarket.com

The Bullhunters Guide
Universal Wealth Creation © 2004 – 2010

{ 20 comments }

Australia – Forex Fundamentals Appear To Be On Holiday

June 18, 2010

Global trading markets are searching for a new steady-state stability. Volatility has lessened. However, complete normalcy has yet to return as debt concerns in Europe continue to persist. Stock market expectations range from austerity measures to major infrastructure changes, both of which would take months to orchestrate and then implement.
When sanity returns, [...]

Read the full article →

Short Term Investing – Why Stock Options Are Better Than Stocks

June 1, 2010

Many investors believe that stock market investing has to be a 50-50, symmetrical profit- loss potential, game. So that if the stock goes up $100, they will make $100 per share, and if it goes down $100 they will lose $100 per share.
In principle it sounds fair and logical, but is it really? Most [...]

Read the full article →

Pros And Cons Of Reverse Mergers – Part 3

May 27, 2010

We’re nearing the end of this series on reverse mergers. They’re a pretty crazy deal, so now it’s time to check out how to spot them and why you may want to invest in them.
They’re not a guaranteed success, but a good reverse merger can really mean tremendous profits.
Finding Potential Reverse Mergers
Reverse mergers are often [...]

Read the full article →

Pros And Cons Of Reverse Mergers – Part 2

May 18, 2010

After having introduced the basic concept of reverse mergers, we’re now going to look at their crazy nature. Full of ups and downs, reverse mergers can mean a lot in terms of investment potential.
You’ll want to know what to look out for, and how to spot a good deal. This all depends on understanding and [...]

Read the full article →

Pros And Cons Of Reverse Mergers – Part 1

May 11, 2010

The stock market is always changing, with companies growing or shrinking, some being bought out while others opening up for public stock trade. With so much going on, there are a wide number of ways in which the status of a company or two can change depending on their behavior. This not only affects their [...]

Read the full article →

Stock Options – Socially Responsible Investing Vs Sin Stocks Pt4

May 4, 2010

We’ve given a fairly decent overview of the key differences between socially responsible investing vs sin stocks in the previous chapters of this series.
For our closing entry on this current subject, a careful eye will be cast upon these stock options. We’ll look at them from the widest perspective, and then we’ll summarize investment strategies.
Socially [...]

Read the full article →

Socially Responsible Investing Vs Sin Stocks Pt3

April 29, 2010

Thanks for joining us once again! The subject of this entry is a continuation of our examination of socially responsible investing (SRI) and sin stocks.
We’re planning on giving each a careful explanation and showing what you can expect from either side. It’s important to ensure your money is invested wisely, but peace of mind is [...]

Read the full article →

Socially Responsible Investing Vs Sin Stocks Pt2

April 20, 2010

Welcome again to our blog on investment and stock market strategies. We’ve started a series on the differences of socially responsible investing (SRI) and sin stocks, and with this entry underway we’re going to take a look at these differences closely and see what each school has to offer!
Supporters Of Socially Responsible Investing
The group that [...]

Read the full article →