Jim started trading E-minis about 6 months ago. With no prior trading experience, and over 6 months of shopping for a trading system, he decided to join the Emini Academy and start trading the MAP Trading Strategy.

I thought it would be beneficial for other traders who hear Jim’s story and allow him to give some advice to those looking to earn a nice income through day trading… Enjoy this 30 minute interview!

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Jim Steel Interview from Chris Dunn on Vimeo.

During our “MAP Trading Secrets” online training session, we’ll show you:

- Why your trading indicators and systems (even the good ones) aren’t working anymore, and what to do about it…
- The two-step process EVER pro trader uses to make consistent income in any market condition
- See the 6 components of a winning trading system
- Why 93% of traders lose money and how you can put yourself in the top 1% of traders in the world
- Experience a top-traded strategy used by pro e-mini traders

Sign up below and we’ll send you information on the next free training session:

Are you getting paid what you’re worth? Trading eminis with the MAP Trading Strategy can produce a really nice “hourly wage”. I don’t know of any other business where you can work an hour a day and earn this kind of money… check out this video:

I get a lot of questions regarding trade management… it’s a part of trading that is widely misunderstood. But I’m going to give you one super-ninja technique that will increase your profitability literally over-night!

This trick is what I call “trading on the edge”. Basically, get in on the pivot or “edge” of a move. This will decrease the size of your stop and increase the potential reward you have.

Check out this video where I show how to manage risk… and reward. All MAP Traders never risk more than 1.25 points ($62.50) on the S&P 500 emini, and we see an average win of about 3 points ($150). So, if we’re winning more than we’re losing, and our winners are bigger than our losers, do you think we’re consistently profitable? You bet!

What if you never had to second-guess yourself again? What if you always knew if you were looking for longs or shorts? Unfortunately, a lot of traders leave a lot to chance… the MAP Trading Strategy takes all of the guess-work out of trading! Check out this trading video to learn how to understand “Momentum” and “direction” in the market.

Many traders are their own worst enemies. I’ve seen new traders take a great trading system and destroy it. But how? The answer lies in their self-talk. Webster defines self-talk as “one’s constant internal conversation.” Whether you realize it or not, you’re always talking to yourself. And the conversation going on in your head often dictates your actions.

For example, if you’re frustrated because you just had two losses in a row, then your self-talk may go something like this: “I can’t believe this damn market took out my stop twice, and then moved in the direction of my trade by 5 points each time! Either this trading system is awful or the market is out to get me!” Chances are, the next time you go to trade, you’ll remember the conversation you had earlier with yourself and miss out on a trade that could make up for your losses and then some.

To make sure you are using appropriate self-talk, I want to tell you exactly what NOT to say. Following is a list of the top five things a day trader should never say (out loud or internally):

1. “Ah, who cares? It’s only a sim trade.”

You must treat every trade as if you have $1,000,000 on the line. If you trade differently with Monopoly money than you do with your cash account, your trading results will always be inconsistent. To make matters worse, you’ll even develop some horrible habits. Trading can be an extremely profitable business, but only if you respect it and treat it as one. In my seven years of trading, I’ve never met a profitable “hobby trader.”

2. “I just know this market is going up (or down).”

Are you a strongly opinionated person? If so, you should read my post on why trading opinions suck. Trading is a game of probabilities. There is no way to know for sure if the market is going to do one thing or another. Sticking to a bias and disregarding what the market is trying to show you is suicide! You must always be open to quick changes in the market. If you don’t, you’ll get destroyed.

3. “This market always stops me out.”

You’re right! If you say it, it shall be so. If you focus on “how bad it is,” you’ll just get more of the same. You must first come to terms with the fact that losing is a part of trading. Anyone who tells you otherwise is lying to you. Sure, I’ve had winning streaks that have lasted weeks, but eventually we all lose. If you’re losing more than you’re winning, go back and find the reason. There’s ALWAYS a reason that can be worked out!

4. “I’m down $500 for the day. I have to go back and make it up.”

First and foremost, you need to forget about the money and focus purely on the components of your strategy. If you make trading decisions based on being positive or negative, you will surely end up negative. Trying to make your money back leads to revenge trading. If you take careless trades because you’re up 10 points for the day, you’ll probably end up giving half (or all) of it back.

5. “This trade setup looks OK, and I haven’t taken a trade in two hours.”

Boredom is one of the top killers of trading accounts. If you take trades just to do something, you’ll surely end up sorry. Just keep this in mind: You don’t need to be in a long or short trade to be actively trading. Flat is a position… and in a lot of cases, the best one to be in. Never take a trade because you’re feeling unproductive. Get up and get a glass of water, do some push-ups, or take the dog out–anything to keep yourself from doing something unwise.

The “easy part” of trading is finding a system that can make money on a consistent basis. The hard part is getting yourself to actually execute within that system. If you’d like more information on a winning trading system and a training program that can develop you into a top-level trader, check out the Emini Academy’s “MAP Trading Strategy”. We’ll show you how to take the guess work out of trading and how to master your own thoughts and actions.

After weakness yesterday, we saw a huge sell-off in the AM session. With the MAP Trading Strategy, we capitalized on the downside and the short-lived up moves.

Click here to register for our LIVE TRADING SESSION tomorrow!  https://eminiacademy.omnovia.com/registration/33631266700869

Congratulations to John Bougearel, winner of the “Money Grabber” contest at the New York Traders Expo!  John grabbed an incredible $75,000 (fake bills, duh) from our cash blowing machine to win a trip with the Emini Academy down to Costa Rica.  John is both a trader/author, and can beach reached through his blog, Trading Tips with John Bougearel.

Also, we met up with some great friends and partners.  A special shout-out to Corey Rosenbloom from Afraidtotrade.com, Matt Zimberg from Optimus futures, Ryan and the team from NinjaTrader, Steve & Paul from candlecharts.com, the team from Traderkingdom.com, John/Brian/Dac from daytradingradio.com, Kenny from ino.com, and Shane from Benzinga.com.