Questions to Emini Students

In the last couple of weeks I've asked this question to whom ever was in the Paltalk and Hotcomm rooms;

1. What is the concept of day-trading Simple-as-123?

I was really surprised when no one could give me the correct answer.

2. What is your strategy for day-trading using this method?

I got some answers...a strategy here and there; but not a clear concise answer regarding the method.

3. My next question really floored me...how many of you have a plan (Like a Business Plan)? Some of you who I know have such a plan was not present at the time I asked.

I did not get an answer...not one.

4. How about this one...what is a reasonable expectation or goal for the day?

Answers like...as much as I can; 10 -- 12 points, I don't really know.

And then I asked how many contracts or trades are you going to make in a day?
I don't know, why?

1 contract, 2 contracts, 100 contracts...
No more than 3 trades a day...

Oh you read my manual I see. But most did not have a clue.

Now you know why 90% are likely to fail, or never get it. Here is my suggestion if you don't have a plan -- make one, at least try or ask. If you don't have a strategy then start with the 30-Minute Breakout on a 5 or 10-Minute chart using a 20-period Moving Average...just follow the concept and the rules for the set-up.

Well good luck...Prosper,

Marsh