Is it time to learn how to trade E-Minis? Avoid These Life Situations Before You Begin

There is an old military saying that “being tired, cold and hungry makes cowards of us all”. If your desire is to learn to trade e-minis, there are certain times in your life that are conducive to the learning process. There are also times in your life when any attempt to learn to trade e-minis can easily result in utter failure. I certainly get more out of my share of people than at a time in their lives that usually sabotages a new chance at success for traders. To make it simpler; If you are at a point in your life where making money is absolutely necessary, trading is not the game for you.

Learning to trade in a pressure filled environment puts stress on the trader and should be avoided. This phenomenon is a matter of common sense; Entering a profession with an astronomical failure rate and expecting to excel without any prior training is asking too much. After all, the trader is required to perform extremely well in a trade in which he has little or no training. The result is a foregone conclusion; failure is imminent. Most of the people I talk to are often in dire straits and see trading as a “Hail Mary” that will miraculously rescue them from financial catastrophe.

As you may have guessed, catastrophe is usually a foregone conclusion.

If you are experiencing any of the following life problems, do not trade:

You may have lost your job and see trading as a viable way to replace your income. Unless she has stashed away a considerable amount of cash, she is unlikely to see immediate success and is likely to experience extreme disappointment and disappointment.

· You may have been reading some of the unscrupulous websites promising untold riches, you should ignore these websites. Trading is not and never has been a “get rich quick scheme”.

· You may only be able to get $1500 dollars as your starting futures trading account balance. While it is mathematically possible to trade this account higher, I have yet to see it done. This would require flawless trading on your part, an unskilled trader, to trade smoothly for an extended period of time.

Avoid learning to trade when you have experienced a death in your immediate family, a traumatic car accident, or any similar traumatic event, or if you just don’t feel (or “unwell”) this is a good time to avoid trading. Trading requires 100% of your attention and anything less will decrease your performance.

Finally, any time you absolutely must make money or fail financially is a good time to look for a 9 to 5 job and correct your financial situation before your situation becomes even more precarious.

To summarize, learn to trade from a position of strength, not from a position of weakness. People who see trading as a way to right their sinking ship must find an alternative way to right the ship and learn to trade from a position of strength.