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Basic Guidelines to Follow when Trading E-mini's:
- Never trade against the Excalibur E-mini Trading Software. (Unless as part of a strategy)
- Use risk control. Poor money management and too many correlated trades lead to bad results.
- Cut losses. Ride winners.
- Stick to your own style and successful strategies.
- Don't over-trade.
- Utilize stop losses.
- Use different strategies when trading high volume or low volume days.
- Decrease your allotment size when you are trading poorly.
- Increase your allotment size on days where you're reading the market well.
- Play defense NOT offense, AND play offense by being defensive!
- Honor Stop Loss limits (this really is different than "utilize stop loss")
- Stay Disciplined! Stick to defined strategies. See above.
- Expect the Extreme!
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