When most people bring to mind being financially independent, they imagine themselves never being required to work again.

While that could be one view of it – you can find another.

The other thought processes of it is to become free (independent) to make cash however YOU want.

This is finding independence along the way of building your ability to earn money.

A JOB will not supply you with financial independence.

.

When you help someone else you are subject to your boss and your business for your financial well-being.

However nearly everybody willingly sacrifice that independence for ones security of an hourly wage or biweekly wages, along with retirement in addition to medical benefits.

But with today’s employment environment, working for someone else not anymore provides the same version of security it did during the last generation when people often worked for ones same company for thirty years and retired using great medical and pension plans.

A BUSINESS will not give you financial autonomy.

.

Though you may be the owner of your own company, you still have a boss – ones own customer. In my seminars I’ve found that business owners spend more than 50% of their time on tasks that don’t directly cause making them more funds.

I’ve owned several establishments and experienced the problems of:

* Government docs

* Employee management

* Legal hassles

* Payroll

* Industry changes

* Brutal competition

* … and sleepless nights in the risks of owning my student’s business

Keep in mind that my us going for the term “financial independence” in the following paragraphs refers to being independent while doing all of your work. There are those (few) which work extremely hard almost all the time for many years, produce a large company, and then sell it. In this way they are able to create financial independence if they exit the business.

Trading can provide you true FINANCIAL INDEPENDENCE while working.

.

As every day trader or swing trader you will be truly independent. That’s what is great and the bad info.

The GOOD NEWS is for you to don’t have a person in charge to obey, you don’t have got customers to please, and you don’t have to spend too much effort on things that don’t directly make you money. In this way sanctioned relatively “pure” money-making process.

Trading, when conducted appropriately, provides a huge earnings potential. While that reward is reserved to your few, it is an exciting possibility. So it can give you financial independence in the operation of your work and potentially providing enough money in becoming financially independent in the standard sense of the term.

When it comes to living the suitable LIFESTYLE, combined with SUBSTANTIAL EARNINGS POTENTIAL, nothing even compares to daytrading for a living – whether you are doing stock market trading, forex trading or emini trading.

The BAD NEWS is that you just succeed or fail yourself merits, and the the truth is that most fail.

Currency trading is inherently risky. Most traders don’t become financially independent. Daytrading, emini trading and stock market trading are all deceivingly difficult.

Is daytrading to suit your needs?

Only you can respond to that question by evaluating the risks and rewards and talking with all your family and trusted advisors.

If you’d like for the free “taste” of currency trading, I invite you to savor my free 5-day letters daytrading, stock market trading, emini trading and forex training program videos.

Even traders that are successful don’t change styles of trading as the conditions of the market change; they find one pattern in which they are successful much of the time and they just stick to it . When they lose because their pattern isn’t compatible with the market , they simply feel that those are the breaks that happen and just accept the loss. They have the idea that their emini trading all possibly trade styles, but it’s not the case .
If a trader can identify the state of the market , that is, the trading currently existing and the type of trading expected , he or she can improve their returns very considerably . This is because when congestion trading no one applies the techniques of trend trading .
The state of the market can be ambiguous at times . There wouldn’t be a market if things always were clear , since there would be no difference of opinion between traders , and thus everyone body would always be trading in the same direction all the time .
One state that is ambiguous is when a trend seems to have exhausted its energy and is ready for a turn , and the momentum indicators are rolling over and looking as if they will move from trend to congestion entrance . But the signals are not quite clear enough to go all in on a big position.
When this occurs pinging can be used . Pinging is an attempt to hedge your bet a bit . Basically one places single direction trades in the direction of the anticipated turn , but they don’t hold them too long , and gets out at the first sign of lower time period support . Pumping action is often manifested by the market at turning points , with comparatively large and volatile swings in both directions as traders of differing opinions around the world take positions against each other . If a trader is “pinging” he or she can take multiple positions repeatedly as the market movement goes from support to resistance and then back. Instead of riding the market both ways, and instead of holding on for dear life as you put a big bet on the new direction you anticipate, it is as if emini trading to the trader that the market could be pinged , taking smaller positions only in one direction , and being willing to quickly and early cover when short term support is reached by the price.
Significant profits can be a result of pinging and puts the trader in close contact with the market as this battle moves forward between the longs and the shorts. Traders will be protected from a too early by pinging, will allow profits to be brought in even when the market is confusing when there is uncertainty about the direction and ending the trend may result in failure . Pinging will let a trader position himself such that when the new trend does settle in and become well established , they’re already on board with it. So when seen properly , emini trading pinging as a market entering method when a trader isn’t totally sure about the next direction of the market .

The ability to develop winning styles is possible for most who trade futures . The problem is, most cannot resist deviating from their styles that usually help them win . A winner sticks to the style of winning understanding that patience and perseverance are needed. Learning from a day trading online, a winner has the strength to wait for the opportunities that his style is made for . A winner is foremost a controller . He loves to keep focused on those loaded trades. He’ll make a list on paper for making a certain trade . A winner realizes that there are very few sure thing trades he never overlooks great trades and he sticks with good positions . It pays to be disciplined !

He admits his fallibility , but is hungry and intent to take a turn and realizes there isn’t an easy way to accomplish it . He is a thorough assessor of sound fundamentals . Often , he’ll discuss all the aspects of the markets he’s involved with. A winner acts ruthlessly and smells fear . He inspects the market’s human element .

His style is magnificent . He is serene, peaceful, possibly quiet . He may look bored on the outside . (He probably is). His eyes sparkle . He enjoys people and life . But , watch out if you were to get too close to him or to interfere with his game plan – to try to get information out of him , or an idea about what he’s trying to do, – to ask him about his opinion on the market,- what will occur! See what happens if you try to bug him . Otherwise his sparkling ambience will be showered upon you .  These are the signs of a day trading online graduate.

His behavioral skills are both recognized and developed. He has the incredible self control he needs to over-ride the sterile habits developed and rehearsed for many years .

They are practical. A position will never be held by them during a vacation. Sometimes they exit from the market to reappraise the situation, figure out profits, and take a rest . He learns the causes of his successes (not his failures). He records its persistence . He knows that the winning style pays off. He knows his place in his environment and he controls it . He understands that a lot of money can be earned by people who take the big risk of going against opinions that are universal . He is wary of trend bucking , but at the same time knows its’ golden opportunities . He knows when to strike , -striking with his technical analysis and the market’s reaction to fundamentals . Tomorrow’s price changes are outguessed by him , [PL charting], because they usually depend upon the news of tomorrow or the news that is anticipated;- change in weather, released crop estimate, an unforeseen strike . His discipline and awareness results in a low aversion to risk . A day trading online show’s that he’s pragmatic. You don’t need to share that people with low aversion to risk, either pessimist or optimistic , are most likely to profit .

There’s one thing I have to tell you . There is really no thinking by the winner. Am I shocking you ? Actually , it all just about bores home .

When he decides in his mind he’s going to strike in the market, this is the time I’m speaking of. At least momentarily he stopped thinking . The mind relaxes , because he knows his game plan and the thinking is done .

Maybe for a week his mind will rest, while within the market his execution is going on . He decides that if he’s not in profits by one week , then he’ll jump out , or he has some other type of rule . His mind goes right to the task , maybe after that one week – or when a signal permeates his mental alarm system that something is wrong with prices , with the reaction by the market to news – the market is just not doing what it is supposed to . His mind is quick to adapt .

He may make the choice to get out of the market until he can understand what happened with his thinking process . He knows what to anticipate from his day trading online and any deviation from that is thoroughly analyzed . He takes into account the "noise" of the market . He digests news at a level that is almost subliminal . He applies news consumption to its affect on the market . His mind is continuously self-perceiving, making itself thoroughly aware and introspective , researching its attitudes and emotions thoroughly, determining the influence of the market on him by probing his inner feelings .

His mind has been disciplined to avoid thinking in terms of the quick killing and knows that tomorrow commodities will still be there and that a train leaves a few times a year, each month, or even every day.

He rarely places the blame of his mistakes on others. He keeps it fair when playing with others. He doesn’t allow others to influence his inclusive mind unless it’s a mutual enlightenment, since it is all encompassing, appreciating, questioning, and analyzing . Most importantly, enjoying what it does . It is not grappled by the nightmare of emotions, fear, and greed . All destructive elements are avoided. It thirsts for nourishment that is healthy . It drinks at the trough of knowledge and rejects any stimulation that is artificial . Fancy words! – But it is true!

Most of all, he has a sense of humor. It is even able to quietly laugh, although with sympathy for the loser . The loser is respected . It respects what it has already been thru . In fact, it respects everything . It allows the human element only emotions of compassion, sympathy and sometimes indulges in pleasure . It may say to its host "O.K. buddy, you like Beluga caviar. I know you do you’ve just made $50,000 in the market  I want you to go out  buy $400 worth of it , indulge yourself with it . Eat it up – it’s great for you ".

It coasts along, it gets off on new information , such as with a day trading online, but that information is thoroughly screened.

It will know all of the good elements in this book , and anything pertaining to losers is rejected. It involves itself instead with the good things in a day trading online and carefully selects what it accepts, knowing the golden rule "Keep It Simple" . It’s patient and when require is able to think. It is able to sit and wait, since it is so well disciplined .

Perhaps the mind is lazy . Perhaps just sitting and waiting is what it wants. There’s already so much expected of it . A well honed mind is in such good shape that like a jogger who easily does 10 miles , – it’s child’s play to run fast enough to catch the bus . It is so well honed and trained that it can take it easy and can be lazy . It doesn’t have to be worrying about "sprinting to the bus" – and it’s so well tuned that it can be lazy and wait for those little demands that the market may have . It handles it like the pro it is – lazy, aware, tuned to the penultimate – life is a joy and trading in the market is unadulterated pure joy – heaven on earth, and the radiance of the mind shines out like beautiful diamonds falling on those all around, including the host.

Here we are going to take a look at how losers think with our day trading online series.

A famous poet named Tagore had the following to say, “Pessimism is a form of mental dysomania. It distains healthy nourishment and indulges in the strong drink of denunciation and creates an artificial rejection which thirsts for a stronger draught”.

The losers are like the lemmings that race to the sea . The trap of rejection and self denunciation catches them and they want more ! Negative bombardments by relatives and parents to kids makes it seem there is a conspiracy to create and keep an attitude of "can’t do" in people . Conditioning continues through song lyrics, television commercials, pressures from friends, relatives, neighbors, social contacts and nearly all of society . Newspapers just can’t be sold, the news can’t be interesting unless it reeks with unpleasantries and miseries …. which is what makes up a loser .

Misery is loved by losers – that’s what makes them happy . Think of it !

The losing trader is a self-defeatist . Stress and strain help him function best , and is at home when he is losing money . The loser who strikes gold in the market, literally falls apart … it’s something he is unused to. Success is something he doesn’t know how to enjoy . Struggling and losing have always been what his thoughts are build upon . He wins, – he goes berserk – he becomes an expert – he develops what one prominent futures trader (Larry Williams) called "the King Kong feeling". Self control is lost and he quickly loses his profits , and he’s back to the misery and struggling again, that which he is used to , – like lemmings going to sea , and he may not wish to admit it but he loves to struggle,- to struggle to win . Winning is something his mind can’t cop with . It copes with the struggle . Isn’t it amazing ? Especially if you look closely at it with a day trading online course.

He associates a posture of immaturity. It’s easy to see why he is made a fool of by the cordial politician that says "There’s no need to worry about your life. We can take care of it. We actually know what is good for you better than you do".

A loser has a desire to win that is overwhelming . They convince themselves that winning is possible , and keep coming back determined to save face . Programmed into their psychological patterns is the degree of ineffectualness. When success occurs, those events about hypnotize him . He then goes into a trance or hypnotized state . He gets sinking feelings about this and that . The things he did right he can’t wait to apply, usually to the same market again, but at the wrong time . His mind basically tells him "This really isn’t happening" . He doesn’t really know where he is . He becomes another person .

[It is always a happy event to see a loser win , but it's sad because you can recognize the trance state they are in , and you know that given time they will lose again - so much, that they will be right back where they started .]

Sometimes when a profit does accrue , the profit will make their mind so happy , that it will grab it, but nearly always prematurely . If there is a loss occurring, his mind says "It will all work out in the end" and they continue to hang on. He always cuts his profits short, and lets his losses run .

Shorting the market is difficult for a budding trader. He thinks that the sky is the limit and that there is no ceiling on prices . If he buys against base zero, he will definitely grow, since to his mind that is what life is all about, – growth, upward movement .

We’ll continue to look at losers and how they think in the next part of this day trading online series.

As soon as you are in a trade the question quickly shows up :  How and when do you leave without losing a cent ?   Aiming targets has to be a very important element of your  trading strategy , and this is the subject of the next article in our series Emini Trading.

Aims can be time-based (I’ll keep doing the trade for 3 weeks ) or based on technically (I’ll stay in the trade until my slow moving average crosses over my faster moving average)  or  based on profit (I’ll get out when I have an open profit of 1000usd ), or based on price (I’ll quit of the trade when it reaches a certain price .)

Of the 3 methods each one has some advantages and liabilities .  Technical exits are always available and remove this part of private thought, however work well only in the strong trends of the stock market , cause losses in congestion , and nearly all the time leave much money upon the desk.  Time-based tools are helpful at times but just mostly are net losers, and so shouldn’t be seriously considered as a single implement.   Profit-based exits can train a trader to take frequent profits but what happens when the trade continues far above your pre-determined exit point ?  This violates one of the basic rules of trading: run after you win .

The greatest means of exiting is to decide price targets but only when these are heavily based in the market structure and point the market’s existing support and {resistance matrix}.  If your plan of trading {takes into account} the natural support and opposition of the market then your target will be good and your chances of remove everything that the market offers is far higher then with arbitrarily chosen, fixed-dollar profit aims (which tend to be driven by emotion )  or a technical moving average tool (which by defined obliged to leave huge amount of money on the desk ).

How will you set profit aims according to market structure instead of an arbitrary dollar objectives?  For somebody this is not an easy question but for the trader who has developed an understanding of multiple time period structure and the ability to project the support now and resistance levels forward into the future , setting targets is easily done . The first technique is to {use your higher time-period support} and resistance levels ( it should usually be one time-period higher than your trading time-period), and to set your target at the coming logical assist or resistance level upon the current price.

Emini trading course as follows: Say you are day-trading the S&P E-mini contract.  You’re using a five-minute chart and take a position using your favorite entry system . The market begins to move in your favor and since you have put on a position with 5 contracts you quickly accumulate a profit of $750 .  You are happy and turn a bit greedy and that makes you want to grab profits quickly , especially as you see a slight retracement in the 5-minute chart. But, knowing that market structure is often at play, you step backward for a moment and take a look at  the everyday and weekly charts. On your Drummond Geometry charts you can view quickly that your entry was close to daily and weekly support , at the bottom of the daily envelope and close to the weekly envelope bottom too.  You see that the logical target of this initial move is at the daily PLDot some 9 full points away, and that the advancement of the 5-minute bar with its slight retracement is entirely common and continue with the idea that the market has {further upside}. You set a price objective at the daily resistance and make a warning  to sound when it is full filled , so that you can take profits there .  You can then further assess if the market will reverse and move backward to the beginning support level or stop and keep going to higher level of resistance.

The point is that when staring at market structure as opposed to arbitrary dollar value price aims you all the time handle what the market is doing . As a emini trading course teaches, full control taken by you enhance you know the structural target at all times as the market moves between its higher time- period support and resistance levels.

When it comes to e-mini trading, there are different techniques to follow depending on the situation of the market. You need to be one step above the market at all times and know when to utilize every technique you have.

Knowing which emini day trading methods fit to the real-time market is a necessity of any successful trader. Many techniques exist . In order to be productive when using them, you first need to be able to understand the market and how it works. Once you understand that, you can put to practice the different techniques. The main trading techniques are ping pong strategy, trend fading straregy and trend following strategy.

Ping-pong Strategy: In a sideways trending market, you should consider the ping-pong strategy. The market moves sideways when the upper and lower limits only have low price changes between them. Patterns can be found within the upper and lower limits allowing you to take from each move up and down.

Trend Fading Strategy: Sometimes the market will be much higher than normal, which is something that you can take advantage of. Inside a excessive trending  market, it is bound to return down to normal. This strategy allows you to predict when the drop will occur and take the profit from it.

Trend Following Strategy: If the market is either higher or lower than normal, you can take advantage of it by using the trend following strategy. You want to choose a spot in which to sell or buy, as well as a specific time to close out. This way you know that you will make a profit between the starting and end point, and do not have to worry about exiting too late and losing money.

These are just a few of the e-mini trading strategies that a good trader should know when working the market. Perfecting these techniques and using them in the approprate market enviornment will help you capitalize as much as possible.

Emini day trading is a daily profit investment option that can be very lucrative, but risky at the same case. Many traderssee emini day trading as a means to train for high intensity investing because it has a low barrier of entry, while other people see it as a way to make daily income. No matter how you percieve e minis, it can be very lucrative if managed properly. There are 4 main e-mini futures contracts which include the sp 500, the Dow Jones Industrial, TF “Russel2000″, and theNQ. All four of these platforms can either give you daily income or wipe you out.

When a trader invests capital, losing it is the last thing he or she dreams as an outcome. One of the important components that separate the winners from the losers in the e-mini trading world is training and skill. Many traders try to transition right into the market with no training at all and wonder why they are unsuccessful. The E-mini Academy is a program that has it all whether you are a rookie wanting to trade for the first time or a experienced investor just trying to brush up on your trading skills. There are so many programs out there that promise to make you a filthy rich trader in no time,   but you will probably lose more money into the program than you make trading which doesn’t turn out to be very smart. It can be hard to find a good program that has it all, but Emini Academy has all the tools you need in one location.

As long as you have the commitment and dedication, you can be profitable with emini day trading. Everyone has their ideas about how to become a high achiever in the trading community, but the reality is that if you can’t dedicate yourself to it then you will not succeed with it. The bottom line to all this is that if you are thinking about trading and don’t want to blown out all your trading capital then do yourself a favor and look into Emini Academy.

Today we’re going to talk about congestion action trading .  Congestion action in a market is a market that oscillates back and forth between the confines of congestion , between resistance and support ( or between the block level and dotted line in the terms of Drummond Geometry ). Within congestion this market action occurs, and when no trend run is occurring . The level that is created by the highest high of the up trend that preceded is the Dotted Line , or the lowest low created by the preceding down trend . In an uptrend the first bar that closes on the PLdot’s opposite side is known as the first Block Level, or in a down trend, the high of the first bar to close on the PLdot’s other side .

Once you have a sufficient understanding of congestion action trading theory, patterns, and characteristics , it can be quite lucrative . It is much like crop harvesting . Congestion action trading can be real bread-and-butter trading ….and what’s more , you can purchase a table for the bread , and the house to hold the table , and the estate to hold the house , and the boat, care, plane, drivers, and so much more. Basically , there is a lot of potential in congestion action trading , if you learn and apply all that is to learn about congestion action trading .

What is congestion action trading ?

One effect of emini trading this way through Drummond Geometry is that you have clear definitions . Price is either in a trend run or it is not . It is not is a trend run when after three or more closes on one side of the PL Dot it closes on the other side of the PLdot . When the market is not in a trend run, then it is in congestion . It’s all quite simple.

When the price ends up closing on the other side of the trending dot, the first bar is known as the congestion entrance bar. Then it can be said that the market is in congestion by definition . When congestion is first entered we know that a dotted line as well as a block level get created. The block level is the congestion’s first block level . Thus , congestion action is what this market action is called which gets started with the congestion entrance bar and goes on for a time that is not defined until there are three closes on the PLdots one side , showing the beginning of a new trend .

Now let’s look at the way the limits of congestion are defined with emini trading, and how they can expand .

The congestion action is what defines the congestion’s parameters, also called the confines of congestion .  Remember the block level and the dotted line are what define the confines of congestion , and that the first block level is established by the congestion entrance bar .  But these levels can be expanded . If prices goes outside the dotted line, or outside of the block level , while still in congestion ( without three closes being on the PLdot’s one side ), then price redefines the congestion confines and we can see a larger congestion area established . This can continue several times until a new trend run appears .

Next time we’ll talk more about congestion trading in the technical analysis explained series.

What do you believe is a dominating emotion, fear or greed?  Let’s discover that by looking at a few situations…

Envision an investment advisor who was doing his job in during the tech bubble during the year of 2000.  His work was probably pretty simple, right?  From his point of view, everyone wanted a piece of the pie.  Typically, when the general public learns of a fast and easy way to make money, they’re sometimes fast to hop on the band-wagon to make a quick buck.  However, the advisor still has to make an effort (sometimes with outbound phone calls) to get people to invest with his company.

Greed may be a heavy emotion, but I believe the fear of going broke is much stronger.  Here’s why…

Now think about that same retail investor, who was more than likely uneducated in technical analysis, when the bubble started to burst.  As companys’ stock prices were falling steeper than a concrete filled balloon, who do you guess was being “proactive” then?  My guess is the stock broker didn’t have to perform any outbound calls.  As a matter of fact, I’m willing to bet his phone was ringing off the hook with people trying to pull their money out of the market.

I think the stock market from Feb 2010 up to May 2010 gives a premium example in the differences in greed & fear.  You’ll notice how it took nearly 3 months for the stock index to go up about 180 points, yet it only took 8 days (about 9% of the time) to give back about 90% of the gains.

In Chris Dunn’s blog post on 05/05/10, he gives details about how the Dow Jones Industrial Average had a big sell off of around 1,000 points in less than 1 hour.  He points out where the retail investors got net long the market right around the same area the pro traders get overall pessimistic the market.  If you take note at the COT Net Position indicator over the past few years, you’ll see a pretty predictable converse relationship between the pro investors and general investors.  It’s almost like the money gets reassigned from the retail traders to the pro’s.

As professionals, one of the best things we can focus on is what the other 98% are thinking… and do the opposite.  If we can spot the actions and point of views of the masses ahead of time, we can almost always profit big.