TradingPH's profile picture. I am a passionate trader.  Always searching for the best ways to dramatically improve profitability.

Paul Murphy

@TradingPH

I am a passionate trader. Always searching for the best ways to dramatically improve profitability.

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Trading opportunities present themselves in both rising and falling markets.


If you're a new trader, start slowly. There's no reason to begin trading 5 or 10 lots at a crack when you're just beginning


Don't spread yourself too thin by trying to follow and trade too many markets


Plan your trades carefully before you establish a position in the market.


The market is always right, and you are always wrong.


If the price action is alternating above and below the 89 period SMA all trades are on the table, as no clear trend is established


A trader should know that Emini Russell day trading can be very choppy and difficult to trade.


Consider finding a trading mentor or joining a trading chat room. Read several books on futures trading as well


Understand what you're trading. Trading the Dow E-mini means trading index futures on the Dow Jones Industrial Average.


E-minis also involve far less risk than traditional futures trading does.


E-mini futures contracts provide a low-cost entry into futures trading.


"A lot of people think trading is an easy way to make money, and so they go in with a big play right away.


In this market it's better when you leave a leveling of the trend, and not wait for the automatic stop losses are hit


Eminis are traded on the Chicago Mercantile Exchange, the brokerage commission rates vary.


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