Today, we made $625 in the Emini Trading Room.  It is a great example that we do not need to be in the market all the time.  Out of the 3 trades I was in the market less than 15% of the day.  It is always about the quality of trades.  The quantity does not matter.  We are snipers who wait for their setup, and then jump on board for the duration of the trade.

Trading is the best business in the world in my opinion.  We get to choose our earnings.  However, we need very high level skills to carry out our business plan.  That is why I always say that trading is about quality over quantity.  By diligently waiting on our setup we are prepared to take the trade when we see it.  On the other hand, if we are taking every setup then when we see the good one we may be down too much on the day already.

This is precisely why we need a clear trading plan, so that we know what to look for.  Without a map it is difficult to get to the destination.  With a map it is easy to find the destination.  A map with notes about places to avoid and the best places to stop for food or rest is an even better map.  You see the latter two scenarios gets us to our destination.  The last map, though, gets us to our destination in the best way.

Not having a clear plan for trading encourages over-trading.  It is with a clear plan of action that we allow the best outcomes to occur.  Do you usually take less or more trades than I took today when you are day trading, either paper trading or money trading doesn’t matter?

Today’s Emini Trading Room was another fun time.  We pulled 23.75 points out of the market or a gross of $1,187.50.  Our concept is to keep our losses small.  When we have our big winning days we can maximize them for account growth.  Trading isn’t about being right or wrong.  Trading is about trading our system as best as possible to obtain the result of being profitable.  It is important to not have a big bias on the day.  Instead, we need to use our trading tools to trade what we see in front of us.

The amount of wins and losses per day doesn’t matter as long as we had a result within our trading plan.  There are a lot of critical things to being a successful trader, and every aspect is very important.  A good concise trading plan will give you the tools you need to make a living trading.

The big reason why I say that Trading is a difficult way to make easy money, is because of trading consistency.  Being consistent for a few days or a week is easy.  However, being consistent for a month, multiple months, and many years is easier said than done.  If we haven’t trained consistency then it is easy to get off the path, and onto a rocky road so to speak.

It is during the times when we haven’t trained consistency that trading bias can affect us most.  That is why I not only have a trading course on my trading system, but also one on the mind and trading mindset.  Trading is a professional sport like the NFL, NBA, or the NHL.  We use our minds though, while they use their bodies and minds.

That is why training is so important.  Not just any training though; we need to train properly.  This eliminates a lot of the natural trading bias that can seep in as we are trading.  It also helps us be more clear in our own heads as we make decisions.

Once we are clear trading bias becomes what we see and not what we want.  This then gives us an edge in what we see in the markets.  It helps us determine the type of trading day we are in.  Knowing the type of day we are trading really helps us pull profits out.  It is this crucial aspect of trading that helps us become more consistent.  If you do anything like this in your trading comment down below and let me know.   It is always great hearing from new and seasoned traders.