Emini Trading - Its All In Your Mind

These words from Mark Douglas (an expert in trading psychology) caught me offguard. The way he said it “It’s ALL in your mind, trading is a mental game”.  Sometimes in life we think we understand something only to find out later that the truth was much bigger than we were able to absorb.

I highly recommend that you pick up Mark Douglas’ books and study it thoroughly, as he puts it - our minds are wired to make us lose. This all stems from emotions, for humans generally we don’t like to be wrong and we don’t like to lose, when these events happen we feel pain. Money is something very important to us and losing money hurts, especially because we were wrong and/or made a decision we really didnt’ want to be making. Nobody would ever put on a trade if they thought they would lose, right?

Emini Trading Secret: Professionals make trades knowing that they are going to lose and have no negative emotions after taking a loss. It’s a part of playing this game, you are going to win some and lose some, there is no way to avoid a loss. The trick of course is winning more than you lose or another way to say it is Profit vs. Expenses.

Emini trading gives unlimited opportunities for you to create wealth but can be very hard and elusive. Take for example the fact that many very successful people in other areas of life fail at trading (doctors, lawyers, ceo’s, engineers).

It is easy to discount this information about the 95% failure rate of new traders. The way I see it trading is like playing a very intense sport and starting out playing against people who are much better than you. You lose and lose and lose and then if and when you get your game together, you start to win sometimes and then win more and more.

I agree with Mark Douglas that emini trading (and trading in general) is 100% mental. You need a system or methodology yes, but if your mind is not “in the game”, you don’t have a chance. One of the most invaluable tools is to spend some time with a successful trader and understand their psychology and approach to emini trading. If their style matches your personality and you can learn from them personally, your road to success will be MUCH quicker and easier.