Info on the Emini S&P

[one53brooklane 10]

Hi Everyone!

 

I'm very new to trading and I was hoping to get some information and recommended resources on the Emini S&P 500. Are there any books or websites anyone can point me to?

 

Thank you!

[TheNegotiator 13]

There are many books and many websites. I suggest taking a look at this thread to start:-

 

http://traderslaboratory.com/forums/f30/considerations-wannabe-trader-9328.html

 

You really need to be able to answer at least some of these questions before anyone can help!

[one53brooklane 10]

Thank you! I'm at a loss as to how to get started so I m sure that thread will help me:)

[TimRacette 11]

As you consider beginning your career as a trader stop and think about what you want to do for you, where do you want trading to take you, and what is your end result. There's a great audio book out called the 4-hr work week by Timothy Ferris it goes through the process of creating passive income, a business that puts money in your pocket whether you are there working or not. For some people THIS is what they really want. A passive income stream that allows them to be financially free and independent from a job. If you can create a passive income stream that covers your living expenses and lifestyle, you then have the freedom to do what you wish and explore other business ventures such as trading. Checkout EminiMind.com for some great resources on E-mini S&P trading.

 

Not to discourage you a trading career, but it's a hard way to make an easy living.

[bobcollett 10]

Dear one53

You have hardly started and the advice is all psychological.I'm supprised nobody suggested boring Mark Douglas.The best book for trading the S& P emini is Brooks "Reading Bar Charts Bar by Bar"

Google will give you the first chapter for free.

BUT trading the emini is all about running other traders stops.Thats difficult.

Twice a month theres a big move.The rest is scalping.You must be a full time trader to succeed at scalping!!

Get a mentor to shorten the learning curve

Brooks website offers a Daily trading room -- cheap.

http://www.brookspriceaction.com/

Now for the bad news.Brooks is VERY difficult to follow

It will take you 3 months to learn just a little.But you have to start somewhere.

Regards

bob collett

[emg 12]

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contract_specifications.html

 

that link will help you

[TimRacette 11]

Dear one53

You have hardly started and the advice is all psychological.I'm supprised nobody suggested boring Mark Douglas.The best book for trading the S& P emini is Brooks "Reading Bar Charts Bar by Bar"

Google will give you the first chapter for free.

BUT trading the emini is all about running other traders stops.Thats difficult.

Twice a month theres a big move.The rest is scalping.You must be a full time trader to succeed at scalping!!

Get a mentor to shorten the learning curve

Brooks website offers a Daily trading room -- cheap.

http://www.brookspriceaction.com/

Now for the bad news.Brooks is VERY difficult to follow

It will take you 3 months to learn just a little.But you have to start somewhere.

Regards

bob collett

 

Bob, Al Brooks is great. Even tho his methodology is quite simple, it's pretty intuitive. He's a great trader though, I really like his style.

[Ingot54 13]

As you consider beginning your career as a trader stop and think about what you want to do for you, where do you want trading to take you, and what is your end result. There's a great audio book out called the 4-hr work week by Timothy Ferris it goes through the process of creating passive income, a business that puts money in your pocket whether you are there working or not. For some people THIS is what they really want. A passive income stream that allows them to be financially free and independent from a job. If you can create a passive income stream that covers your living expenses and lifestyle, you then have the freedom to do what you wish and explore other business ventures such as trading. Checkout EminiMind.com for some great resources on E-mini S&P trading.

 

Tim -you are amazing, mate - I read your post a few days ago, then took 2 more days to find it again!

 

Your mention of The 4-hr Work Week by Timothy Ferriss [\B] has been a subtle discovery that will change my life - turn it on its head actually.

 

It is off-topic in this thread, but I am going to start a thread on the work of Timothy Ferriss here:

 

http://traderslaboratory.com/forums/showthread.php?p=113940#post113940

 

Thank you for the idea - forever grateful.