E-mini Day Trading From Home: Myth or Reality

I was reading on one of the chat boards yesterday about how hard it is to day trade from your home. It seemed that many of the posters were struggling in their day trading effort. Yet, I know of dozens of my friends and colleagues who successfully day trade from their homes. It can be done, and it’s really not all that hard. Of course, you have to be trained properly and possess the prerequisite discipline that day trading requires.

I would like to state unequivocally that day trading from your home is indeed a realistic goal. I would also state that it takes quite a bit of study and training before you can make this dream a reality. In other words, it is not a profession where you can dump some money into a futures trading account and then began trading successfully. The market simply doesn’t work that way. I wish it did because it would make things a lot easier for everyone involved. No, to trade successfully you have to develop a certain mindset for trading that is in tune with the nature of the markets. Needless to say, logic is of little value in trading because the markets are anything but logical. What appears to be good news might actually send the market down, and what appears to be bad news can send the market up.

But a solid foundation in market principles and trading technique gives the home trader the opportunity and skills to be successful in his or her trading ventures. Of course, there are a wide variety of trading courses available on the market and many are of dubious value, some are of no value. It is difficult for the novice trader to discern which course will lead him on the right path to trading success and which course is unadulterated gibberish. That’s unfortunate. Of course, there are hucksters in all lines of business and trading education is no different.

The E-mini Trading Professor course is a system that falls within the mainstream of current investment thought and has a long-standing record of success. There are no revolutionary ideas, just systems that have worked for many years and combinations of systems that have proven their worth. If you follow the directions carefully, and put the time and effort into learning the basic principles of the system, you should after a period of time start to enjoy moderate success. I think it is unrealistic to think that you will make $1 million the first year of your trading. On the other hand, the system is strong enough that I expect students should be able to turn a profit in their first year.

Of course, it’s not unusual for students to hit some stumbling blocks after about three or four months. Oddly enough, this time period is when students began experimenting with some ideas of their own and usually have disastrous results. Not to worry though, we have an 800 telephone line so the students can call and we can analyze just what is occurring in their trading and get most students back on track.

You can rest assured the system works well because it is the exact same system I trade every day. Believe it or not, I used to trade much more complicated systems and distilled those systems into something far more simple and far more effective. Complexity does not equate to success. I think that is an important point to understand.

In my mind, if you follow the steps carefully you should be able to trade successfully in a short period of time. Granted, mistakes will be made, and that is part of the learning process and to be expected. Most people learn from their mistakes and don’t repeat them. So study hard and learn the material well. You are embarking on a wonderful new career that will provide you with financial freedom and a greater amount of leisure time. What could be better?

Ask a Question

FREE LIVE TRADING ROOM!
 Free Access
To Our Live Trading Room!

LIVE TRADING
DOESN'T LIE!

We trade live everyday from 8am-11am CST. Join us for
ONE FULL FREE WEEK
of live trading signals
with our members.

  • Completion of the Trendline Article Series January 1, 2012
    First and foremost, I would like to wish everyone a happy and prosperous New Year.  This is a time when many people, including traders, re-dedicate themselves to the passions in their lives.  For me, it has always been trading and I look forward to a New Year and trading e-mini contracts. To a certain degree, […]
  • E-mini Trading Professor: Sunday Night Briefing (12-4-11) December 5, 2011
    The television “talking heads” are all over the map in their discussions as to what the coming week holds for our economy.  The usual discussions concerning the job market (improving), federal budget (weakening), and consumer sentiment (improving) have dominated the prognosticators predictions. Here is a synopsis of what to expect for next week: DATE REPORT […]
  • E-mini Trading Always Provides a Painful Dose of Humility November 8, 2011
    I have been on a relatively hot streak in my e-mini trading the last couple of months and my returns have been impressive by any standard.  Frankly, I have been feeling pretty good about my trading ability and consistently.  I was pretty cocky about my trading results, perhaps verging on arrogant. I had let a […]
  • E-mini Trading: Why do Clients Enroll in a New Course and Put Forth Little Effort? October 15, 2011
    One of the most unusual and disturbing phenomena I observe on a daily basis is the abysmal effort put forth by a small group of new e-mini traders in learning to trade. It is not unusual to have students enroll and then come to the trading room and try to share the dynamics of the previous course they had taken and blown out a futures trading account. […]
  • 3 Important Things New E-mini Traders Can do to Succeed September 27, 2011
    The failure rate of new e-mini traders is disturbing.  According to various sources, 90% of all new traders are out of the market within 3 months, their trading account balances exhausted. There can be little doubt that e-mini trading presents a challenging skill set to learn and execute, but there are a number of factors […]
  • E-Mini Trading: Do Your Stop/Loss Points Get You in Over Your Head? September 17, 2011
    There is a tendency among traders, both new and experienced, to overestimate their predictive abilities as they relate to e-mini futures contracts. Over trading and trading too many contracts are common characteristics of the hard charging e-mini trader; but their exuberance might be put to better use if they held off a few years and […]
  • E-Mini Trading: The Difference between the 90% and 50% Failure Rate September 14, 2011
    In my e-mini trading room I get to see a variety of new and experienced students trade their accounts.  Oddly enough, experienced students who are looking for an e-mini trade room usually meet with the least success.  When I speak with these students, I often find that they have taken numerous trading courses with minimal […]
  • E-mini Trading Question from Individual: Understanding Risk in Day Trading September 11, 2011
    Hi David, Hello, hope your well, quick questions on your ES trading, may I ask how big are your stops? And are your targets? do you use range bars? what times do you trade? what is your max loss ofr a single day?All this will help me determine if it fits my risk profile:) thanks!! […]
Decision Bar