How to Day Trade – The Complete Guide

This How to Day Trade guide is a comprehensive list of all the best articles and videos on Emini-Watch.com. Together they describe my day trading methodology and pretty much everything I know about Emini day trading. But it’s still a work in progress.

Day trading has taken me a long time to master – and I still make too many mistakes. But it is possible. The quicker you can settle on a methodology, the quicker you can move to becoming a “break even” trader. And then once you’ve achieved that … the next level is consistent profitability.

The articles are arranged in 9 sections and are roughly in the order they should be read. Use the links below to jump to a particular section:

You can also use your web browser search function to find topics of interest.

1. How to Day Trade: Key Points

If you have limited time or want to get a quick overview of Emini-Watch and the types of videos and articles you can find on this site then start here. These are probably the most directly relevant videos about How to Day Trade and how I day trade.

2. How to Day Trade: Why & What To Trade

This section of the How to Day Trade guide covers the advantages of trading over investing, why buy and hold is no longer attractive and what the end of this debt super cycle means. It then covers the advantages of Emini trading and what Emini futures are.

3. How to Day Trade: The ‘Better’ Indicators

This section of the How to Day Trade guide has more detail on the 3 ‘Better’ indicators I use for day trading. Better Sine Wave measures price cycles and trends; Better Momentum analyses the strength of buying and selling waves; and, Better Pro Am identifies Professional and Amateur activity using average trade size.

4. How to Day Trade: The ‘Better’ Signals

This section of the How to Day Trade guide shows how to put the 3 ‘Better’ indicators together to identify the trend and pinpoint Long and Short entry signals. The methodology is still very discretionary in nature – but I hope over time to fine tune the entry rules and make them more systematic.

5. How to Day Trade: Money Management

This section of the How to Day Trade guide covers stop losses, profit targets and preserving your trading capital. In time I plan to add articles about minimum account size and how many contracts to trade. But as a rule of thumb minimize your risk by trading only with capital you can afford to lose and using at least double the minimum margin required to trade a single contract.

6. How to Day Trade: The Practicalities of Day Trading

This section of the How to Day Trade guide covers charting software options, choosing a broker, trading with a Mac, protecting yourself from technical glitches and trading while travelling. These decisions can make your life easier – or much, much harder.

7. How to Day Trade: The Psychology of Day Trading

This section of the How to Day Trade guide covers the psychological aspects of trading: identifying and fixing repeated trading errors, understanding your trading biases, how to deal with losing streaks, etc.

8. The ‘Better’ Indicators on Other Markets

The ‘Better’ indicators don’t just work for Emini day trading – they can be used for all markets and all time frames. The only thing you do need is volume data. So if you’re a Forex trader, switch from the Forex cash markets (which don’t have volume data) to the Forex futures markets on the CME (that do have volume data).

9. More …

Lastly, in this section of the How to Day Trade guide there are a collection of longer term type indicators and analysis. For example, the TRIN is a useful indicator for measuring multi-day swings of buying and selling activity. The weekly Commitment of Traders data is also useful for seeing very long term trends in Professional activity. Etc.

There we go – the best articles on Emini-Watch.com about How to Day Trade.