Best Kept Emini Secret

The best kept emini secret is to find one thing in trading that works, then do that one thing over and over again. That is the secret that no one will tell you. Thinking you have to have 5 monitors, and trade 4 markets, and need 6 setups, that is the myth. Watching CNBC and thinking you have to trade all day long, and some nights too. But that is wrong. All you have to do is focus on one market, one setup, one single strategy that works consistently, and then ONLY trade that one strategy for the rest of your trading career.

Traders will fight this. They will get in to programming mechanical systems that all are doomed to failure. They will get in to programming and searching for indicators because they think they are the Holy Grail. Then Fibs and patterns, and Market Profile, and spreadsheets and track everything they can think of. But none of it will make a difference. None of it will make you a better trader. In fact it will only create conflict and make you a worse trader. Looking at way too much information, living in information overload will result in the paralysis of analysis.

It is not until you are willing to step back from your trading desk and ask the simple question: “Do I really need all of this to just make a few points a day?” When you realize that you don’t need all that stuff, be prepared to have your ego start screaming. It will rebel. You need all those monitors, you need all those charts, you need all those indicators. You need all of this because this is what professional traders do. Or so you think.

Professional traders learned a long  time ago to strip away little by little that which does not work. Monitor by monitor. Chart by chart, setup by setup, until they had basically one chart, one setup, that worked most of the time, and they traded it on one market that provided enough trades, 3 or 4 on any given day, to profit on a consistent basis. You might have heard of Pareto’s Principle, which says that 80% of your results come from 20% of your efforts. If you apply that principle to your trading desk/setups and trading strategies, it will be like a breath of fresh air.

For the first time you will be able focus on just a few key concepts and principles that produce a few solid trades per day and your trading will take  a dramatic turn for the better. This is what most trading educators and the industry are not going to tell you, that less is more. This is what most traders will refuse to do. But rest assured, it’s the road to profitability, and it’s the “Best Kept Emini Secret” around!