March, 2012 | EminiAcademy.com

Archive for March, 2012

May 23 2013

How To Stop “Hindsight” Trading & Think Like A Chess Player…

New to trading? Start with this free step-by-step video series! (Don’t forget to subscribe to the YouTube channel)

Some members of our MAP Trading Program have been killing it lately in our trading room. It’s great to the benefits of combining a true rules-based trading strategy with trader discipline. In today’s video, I’m going to take you through some signals generated by the MAP Trading Strategy, and show examples of student trades from our trading room…

How to think like a chess player:

Trading is all about anticipation – in other words, thinking two or three steps ahead of your opponent. This starts with having a solid approach to day trading, and ends with developing the ability to “see” the future possibilities and probabilities. In other words, knowing all the possible outcomes, and what’s most likely to play out.

08:41:11 {Steven_U} thanks champ, luving it
08:44:38 {Ross_E} thanks guys, worked great
08:56:55 {Kevin} very nice
08:56:56 {Ross_E} great Kevin
09:28:58 {Steven_U} great job guys, great to be back!!!!
09:29:05 {Marc} Group trade!
09:29:14 {EA_Chris} BOOM!
09:29:55 {Kevin_B} I’m 3 for 3 this morning and loving it!
09:38:31 {Steven_U} awesome Kevin!!!!
09:38:42 {Marc} Great job Kevin
09:38:49 {Kevin_B} Good job everyone!!!
09:38:55 {Chris_2} beautiful!
09:39:38 {Heath} still in this gold trade, took 1/2 off at +20
09:46:42 {Heath} I enjoy watching the trade here almost as much as making money…especially when I have made money on the trade no matter what
10:03:31 {Chris_2} Mine was identicle to yours Steven
10:26:09 {Marc} Nice work Chris H.
10:28:03 {Marc} Nice work Kevin
10:28:31 {Kevin_B} Thanks Marc, 4 for 4 this morning.
10:37:44 {Chris_2} Great trading week. Thanks a million Chris(s). See you all soon.

Meet Mr. Johnny Hindsight!

Shoulda, Woulda, Coulda… These are three common words spoken by “hindsight traders”. Put another way, traders who use examples of historical charts to justify why they “should’ve” taken a trade, or how you “could’ve” made a ton of money if you “just read the market in a specific way”.

This is how some gurus string traders along… They’ll lead people to believe, “I’ll become a ‘master trader’ if I can just trade like so-and-so.” Lately I’ve been overwhelmed by people who’ve wasted time chasing this madness. I’ve said it before and I’ll say it again – if you’re subjectively trying to “read the markets”, you’re open to a MASSIVE amount of human error.

At E-mini Academy, our message has been constant – Trade with a fully-testable, rules-based strategy, and develop the ability to anticipate the possibilities and probabilities. That’s it.

Surviving with Piranha, Anaconda, and Cannibals… oh my!

During our trading trip to Central America last month, we spent time exploring Medellin and the Amazon Jungle. While in Medellin, we flew Mike Carter down who won the trip to come trade with us for a week.

Then we headed down to the tri-country boarder of Colombia, Peru, and Brazil… and headed off deep into the Amazon Jungle. This trip was nothing short of amazing. During the day we tracked jaguar, went fishing for piranha, and climbed through the Amazonian Canopy.

Check out this compilation video of our trip…

Posted in E-mini Trading, emini academy, Journal, Map Trading Strategy, Market Forecast Videos, Psychology, Trade Signals, Traveling | No Comments »

May 16 2013

Two Big Indices Trades Before News (with student charts)

We had two big MAP trades before the Philadelphia Fed Survey was released at 10:00am EST this morning. We don’t try to guess the reaction to news items in the markets. Because of this, we like to be out of the market most of the time before that news breaks and in this case that worked to our advantage. Check out the video below to see these trades and to also see some charts the members sent into the trading room.

Click here to learn more about the MAP trading strategy

: The trades of the day!

Posted in E-mini Trading, emini academy, Map Trading Strategy, Trading, Uncategorized | No Comments »

May 7 2013

Day Trading In Colombia – And Paragliding Over Medellin (With Trading Contest Winner, Mike Carter)

We had an incredible month down in Colombia – doing everything from paragliding, day trading, and trekking through the Amazon Jungle. And congratulations again to Mike Carter, who won an all-expenses paid trip to trade with us in Medellin. I know he learned a lot about the MAP Trading Strategy, and got first-hand experience at what it’s like to day trade and travel.

Mike was a great sport even though he had a near death experience paragliding. In the video below, you’ll see Mike slam into the ground inches from the edge of a 150 foot cliff. Fortunately, they caught an updraft at the last minute. Even the guide looked a little freaked out. Either way, I’m thankful Mike made it out alive!

As I mentioned in my post about “day trading and traveling – is it really possible?“, there are a few key components you need to have in place before you decide to travel and trade.

: Getting ready to jump

: Work & Play

: trading at a cafe

Posted in Trade Signals, Trading, trading seminar, Traveling | No Comments »

May 7 2013

Why Commodities Can Be Great To Trade When Stock Indices Are Slow

While the stock indices started out a little slow with a lot of weakness evident this morning, the Gold market gave us some great opportunities with a whole lot of follow through. Check out the video below and congrats to Heath who pulled out $2,880 on this trade this morning! (his chart is the last of the 3 under this video)

Posted in E-mini Trading, Map Trading Strategy, Trading, Uncategorized | No Comments »

Apr 19 2013

And the winner of the Colombia trading trip is…

First off, thank you thank you thank you to everyone who applied for this trading trip! I’m extremely humbled by all the responses, and wish I could take everyone! We are already planning a couple more trading trips this year, so if my team didn’t pick you this time, there’s still plenty of opportunity to come trade and learn with us…

Congratulations to Mike Carter, who is the winner of the 2013 Colombia trading trip. Mike is a relatively new member of our MAP Trading Program, and has shown an incredible desire and commitment to become a trader. After trading options for a while, Mike saw the benefits of trading with a rules-based system in the e-mini markets.

Posted in Uncategorized | No Comments »

Apr 17 2013

Win an all expenses paid “trading vacation” to Medellin, Colombia next week!

I’m looking for someone who’s motivated and hungry to become a trader!

The winner of this contest will get a round trip flight to Medellin, Colombia and stay with me in our beautiful condo for an entire week of trading e-minis with the MAP Trading Strategy.

Apply here and my team will pick someone to fly down this weekend to next Friday…

Posted in Uncategorized | No Comments »

Apr 12 2013

Weekly Trading Wrap-up with 3 Live Trading Videos (and a Miami trader meetup)

It’s been an awesome week for traders in our MAP Trading Program. The E-mini S&P has been moving nicely in this bull market.

I’m going to be holding a trader meetup in Miami this Monday before we take off into the Amazon jungle. Shoot me an email to chris (at) eminiacademy (dot) com if you want to join. It’s going to be a happy hour with some incredible traders.

Also, I’m holding a live market class this Tuesday at 2PM ET to show you the latest MAP Trading Strategy. We’ll do some live market analysis, and review recent trades. Make sure to click here and reserve your spot in the class.

Here’s a video recapping the “trade of the day” on the ES. We had a beautiful long after market open…

Here’s a live video on the TF (Russell 2000)…

Another live video of the e-mini S&P from this week…

Posted in E-mini Trading, Live Trading Videos, trading seminar | No Comments »

Apr 10 2013

Russell 2000 Live Trade Setup (+2.2 points profit potential)

Well, today was a pretty big breakout day for all the stock indices, and the MAP Trading Strategy had a few long setups that played out nicely.

Today’s video is a live trade setup from the e-mini Russell 2000 (Symbol TF). After a small losing trade off of market open, the market broke out above a key resistance level that lead to a beautiful long setup.

Join me for a live market trading class next week to see the strategy in action and learn how to day trade.

Notice how there’s no cherry-picking, hindsight trading, or “reading the markets”. It’s all about a fully-tested, rules-based strategy that helps us remove emotions and make objective trading decisions.

Posted in Live Trading Videos, Psychology, Trade Signals, Trading | No Comments »

Apr 9 2013

04/09/13 Live E-mini S&P Trading Video

Even though the morning sessions have been a little slow the past two days, there’s been some nice movement in the e-mini indices. In today’s video I’m taking you step-by-step through a live setup on the S&P 500 (Symbol: ES).

Pay attention to how there is no guessing or trying to “read the market”. Our setups are all based on fully tested, rules-based setups and management plans.

So far this morning, we’ve had 3 setups (2 wins, 1 loss) for a nice profit potential.

4 9 2013 10 37 31 AM 04/09/13 Live E mini S&P Trading Video

Posted in E-mini Trading, emini academy, Live Trading Videos | No Comments »

Apr 5 2013

Top 5 Trading Lessons of 2013 (and live trading videos)

The past few weeks have been nothing short of incredible. As I prepare for our next trading trip and Amazon Expedition to Colombia, I wanted to send you some of my top lessons from the year so far.

Our MAP Trading Program members know how important it is to have a tested, rules-based trading strategy, not just a subjective way to “read the markets or useless indicators”. In today’s trading arena, we need to pre-define our setups, management style, and parameters that are showing good potential in current market conditions.

LESSON #1 – “Trading Strategies”

This lesson is all about “trading strategies“. What are the different types of strategies? Which strategies are most effective in different markets? Why are old-school discretionary strategies broken?

Lesson #2 – “Why most traders lose money”

Why most traders lose money & how to trade like a professional. It’s amazing how many people neglect the “intangible aspects” of trading – like trading psychology, mental errors, and emotional trading decisions. Hopefully this video will give you some insight into some things you can do to sharpen your trading skills.

Lesson #3 – Live trade setup (trading in a range)

Here’s a quick live trading video from this morning. After a big gap down on the e-mini stock indices, the market has been stuck inside a channel. This video demonstrates how to exercise patience and discipline when a lot of traders are panicking from a pre-market sell off.

Lesson #4 – Live trade setup (trading post-holiday)

Here’s another video from the day after Easter. Notice how we “think like chess players” – always looking to be one or two steps ahead of the market.

Lesson #5 – Common Trader Mistakes (And how to avoid them)

Ever chase a bad trade or hesitate on a good one? Virtually every trader has… And in this video I want to show you the mistakes you WILL make, and how to prevent them.