{"id":1988,"date":"2010-04-12T11:13:23","date_gmt":"2010-04-12T15:13:23","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=1988"},"modified":"2010-04-13T09:15:13","modified_gmt":"2010-04-13T13:15:13","slug":"e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/","title":{"rendered":"E-mini Index Futures - Key Trading Concepts - Part II"},"content":{"rendered":"

\"\"In January, Marc Nicolas from Tradingemini.com<\/a>, shared Part I<\/a> of his e-mini index futures trading concepts. Among his many tips he talked about looking for high volume markets with a thin spread, only risking 1% of your capital per trade or less, limiting the hours you trade and keeping a runner. In Part II Marc discusses emotional trading and how to avoid being a gambler.<\/p>\n

Visit Tradingemini.com<\/a> to learn more about Marc's strategies and to find out about his upcoming free webinar this Wednesday, April 14th.<\/p>\n

======================================================================
\nMental Risk Management<\/strong><\/p>\n

\u201cWhen you learn what not to do in order not to lose, only then can you begin to learn what to do in order to win.\u201d Edwin Lefevre, Reminiscences of a Stock Operator<\/em><\/p>\n

1. Managing Position Size<\/strong>
\nSize envy can make traders take larger positions than they should. Most people can\u2019t walk straight into a gym and bench press 300lbs. Traders must build up financial capacity, technical skills, and emotional development, judging progress against their own levels not others.<\/p>\n

2. Dreaming of a Big Win<\/strong><\/p>\n

This is the earmark of a beginner. The key to success is consistency - steadily achieving profits with a simple, sound process and using runners to catch the larger moves or position trade with a separate broker account. A successful athlete focuses on the steps to achieve results not the results.<\/p>\n

3. Vengeance Trading<\/strong>
\nVengeance trading is when a trader takes a hit and wants to get even with the market risking financial and emotional capital. The angry trader wants revenge, to prove they were right, so they stubbornly enter in the same direction as the losing trade, focusing on where the trade did not go, rather than where another trade could go in a market which is always impersonal and never wrong.<\/p>\n

4. Boredom<\/strong>
\nThe mind will go to great lengths to avoid boredom. A Gamblers Anonymous maxim holds that gambling, or over-trading, is a sign of boredom, so recognize when you are becoming bored and dismiss it as a false emotional trigger.<\/p>\n

5. The Averaging-Down Sin<\/strong>
\nAveraging down is adding to a loser, with the hope that it will turn around, without regard for the reality of what your charts are telling you. Never average-down; you are stubbornly refusing to admit you are wrong.<\/p>\n

6. Are you Trading Intelligently or Gambling<\/strong>?
\nSuccessful traders trigger when the odds are favorable. Gamblers trigger on hope. A gambler can\u2019t explain why they won other than they had a \u201cgut feeling\u201d. They trade for excitement, with no plan or discipline, unwilling to accept reality, believing they can have good things without effort.<\/p>\n

The Gamblers Anonymous 12-steps can help control loses. For example, \u201cMake a searching and fearless moral and financial inventory of ourselves.\u201d<\/em> Know why you want to be a trader, what you expect to get out of it and whether you really have the right support and financial basis to trade.<\/p>\n

\u201cAdmit to ourselves and to another human being the exact nature of our wrongs.\u201d<\/em> Keep an honest trading journal and have an accountability group, be it other traders, friends or family.
\n\u201cContinue to take a personal inventory, and when we are wrong, promptly admit it.\u201d<\/em> When in a bad trade, admit it and get out. You must take personal responsibility for your actions and not blame others or \u201cthe Market\u201d.<\/p>\n

Trading can be enjoyable and social; gambling is lonely and heartbreaking. The Recovery Book<\/em> sums it up in one sentence,\u201cTo gamble risking progressive deterioration OR not to gamble and develop a better way of life\u201d.<\/p>\n

Marc Nicolas
\nTradingemini.com<\/a><\/p>\n

======================================================================<\/p>\n

To learn more about Tradingemini.com\u2019s<\/a> techniques you can join them for a free webinar for Trader's Blog readers April 14th at 16:30 EST. This exclusive webinar promises to be something special.<\/p>\n","protected":false},"excerpt":{"rendered":"

In January, Marc Nicolas from Tradingemini.com, shared Part I of his e-mini index futures trading concepts. Among his many tips he talked about looking for high volume markets with a thin spread, only risking 1% of your capital per trade or less, limiting the hours you trade and keeping a runner. In Part II Marc […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3170,3169,3172,3171,2368],"class_list":["post-1988","post","type-post","status-publish","format-standard","hentry","category-general","tag-high-volume-markets","tag-marc-nicolas","tag-mental-risk-management","tag-thin-spread","tag-tradingeminicom"],"yoast_head":"\nE-mini Index Futures - Key Trading Concepts - Part II - INO.com Trader's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-\u2013-part-ii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-mini Index Futures - Key Trading Concepts - Part II - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"In January, Marc Nicolas from Tradingemini.com, shared Part I of his e-mini index futures trading concepts. Among his many tips he talked about looking for high volume markets with a thin spread, only risking 1% of your capital per trade or less, limiting the hours you trade and keeping a runner. In Part II Marc […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-\u2013-part-ii\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader's Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-04-12T15:13:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2010-04-13T13:15:13+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"E-mini Index Futures - Key Trading Concepts - Part II\",\"datePublished\":\"2010-04-12T15:13:23+00:00\",\"dateModified\":\"2010-04-13T13:15:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/\"},\"wordCount\":633,\"commentCount\":9,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"high volume markets\",\"Marc Nicolas\",\"Mental Risk Management\",\"thin spread\",\"tradingemini.com\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/\",\"name\":\"E-mini Index Futures - Key Trading Concepts - Part II - INO.com Trader's Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2010-04-12T15:13:23+00:00\",\"dateModified\":\"2010-04-13T13:15:13+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader's Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader's Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader's Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"E-mini Index Futures - Key Trading Concepts - Part II - INO.com Trader's Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-\u2013-part-ii\/","og_locale":"en_US","og_type":"article","og_title":"E-mini Index Futures - Key Trading Concepts - Part II - INO.com Trader's Blog","og_description":"In January, Marc Nicolas from Tradingemini.com, shared Part I of his e-mini index futures trading concepts. Among his many tips he talked about looking for high volume markets with a thin spread, only risking 1% of your capital per trade or less, limiting the hours you trade and keeping a runner. In Part II Marc […]","og_url":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-\u2013-part-ii\/","og_site_name":"INO.com Trader's Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2010-04-12T15:13:23+00:00","article_modified_time":"2010-04-13T13:15:13+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/#article","isPartOf":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"E-mini Index Futures - Key Trading Concepts - Part II","datePublished":"2010-04-12T15:13:23+00:00","dateModified":"2010-04-13T13:15:13+00:00","mainEntityOfPage":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/"},"wordCount":633,"commentCount":9,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["high volume markets","Marc Nicolas","Mental Risk Management","thin spread","tradingemini.com"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/","url":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/","name":"E-mini Index Futures - Key Trading Concepts - Part II - INO.com Trader's Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2010-04-12T15:13:23+00:00","dateModified":"2010-04-13T13:15:13+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wwwtest.ino.com\/blog\/2010\/04\/e-mini-index-futures-key-trading-concepts-%e2%80%93-part-ii\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader's Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader's Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader's Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/1988"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=1988"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/1988\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=1988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=1988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=1988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}