Good morning ,

I have recently received letters from students dismayed
that the run of poor trading days has made it hard for
them to learn much from the markets.

First off, learning to sit tight when there just isn't a
trade (first rule of Money Management) is a very important
lesson - arguably, the most important one.

Next, it is necessary to understand personality/characteristics
of any market you are trading. You must be flexible, cause you
can't change it. Seasonality is part of virtually all markets,
(not just the e-mini). End of November the markets are usually
touch and go. If that is hard for you to live with, you'll
hate what's coming next!

From mid-December through mid-January almost every one of the
markets will be behaving erratically. Many experienced
term-traders take their vacations then. They don't even consider
trading till after Jan. 15th. Don't believe me? Watch the
trading forums and you'll hear lots of griping about it!!!

It could be worse. Think of it this way. As day traders, you
can take a bite here and take a bite there, applying a
Risk-conservative|Let profits run approach, in market conditions
that would give longer term traders ulcers. You profit even during
the period of "poor weather"; whereas, other types of traders are
forced to shut down and take a vacation.

Asher
=] ;-)>
Pivot Magic Trading Course
http://www.TradingThingys.com