Have You Been E-Mini Trading for Several Years and Still Losing?

It’s not uncommon for me to talk with e-mini traders who have been at it for several years and are still losing money. Usually, these traders have invested in a wide variety of books, pamphlets, and watch numerous YouTube videos in a desperate attempt to turn their e-mini trading around. You certainly can’t say these traders are lazy or unmotivated. On the contrary, they have put a tremendous amount of effort into trying to master the e-mini market.

So why don’t these traders succeed? 대여계좌

A small minority of these traders simply are not meant to be e-mini traders. There are a variety of reasons that some people are incapable of trading; they may have a psychological makeup that is unfavorable for trading, or they may lack the intellectual ability to grasp the basic concepts of the successful trading.

The vast majority of these unsuccessful e-mini traders simply lack the skills to trade effectively. You would think that several years of failure would deter most people from continuing in a given profession, but these traders are determined to learn to successfully trade. Learning to trade successfully is generally (with a few exceptions) not a profession that lends itself to relying on one’s own intuition. The market doesn’t move in a logical manner at times, and this often baffles unsuccessful traders (and sometimes highly successful traders) who have relied upon common sense in their trading. I’m not sure what this says about successful traders, but common sense is not always useful in trading e-mini contracts.

So what should unsuccessful traders due to become profitable?

If you have been trading for several years and not achieved success, it’s time to rethink your trading methodology. Start from the beginning, and about to learn to trade a system that produces consistently profitable results. This is no small task, and may require tutoring (sometimes called mentoring) from a trader who has enjoyed a considerable amount of success. This mentor may be a friend or you may end up hiring a trading educator to the serve in the mentoring role for you. This is often a difficult step for a trader, as many traders are determined to succeed on their own. A dose of humility is needed to right the ship, though. If you are unsuccessful, you may have to admit that you cannot “go it alone” and need the help of a third party. It’s a tough pill to swallow for many e-mail traders.

Some characteristics of unsuccessful traders are:

• Unsuccessful traders cut winning trades short. The root of this behavior is in fear-based trading. The trader gets three or four ticks into the money and fears the market will retrace and they will lose, so they lock in small gains instead of letting their trades run.

• Some unsuccessful traders let their losing trades run until the price hits their stop loss. This trader is often times emotionally attached to their position and unwilling to bail out once he or she sees the trade is a loser. These traders are trading on hope; they are irrationally hoping the trade will turn around.

• Some unsuccessful traders do not differentiate between trading with the trend and trading countertrend. I keep a very detailed trading Journal and know that I trade with the trend 93% of the time. When I trade against the trend, which is a 7% of the time, my cumulative win loss record is negative, substantially negative.


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