Success in the Futures Trading Emini industry can result in significant gains, but failures can have very high costs. For this reason, it is crucial to have a strategy in place before you begin trading. Here are some pointers on what to do next.   Make a Plan for Trade It is impossible to overstate the first piece of advice: Before you take a position, carefully consider your trade strategy. This entails establishing both a profit target and a plan for leaving the deal if it doesn't work out. The objective is to reduce the likelihood that you will have to make critical choices while your money is already at stake in the market. You don't want feelings like greed and fear to control your actions.   Keep Your Position Safe Committing to an exit strategy beforehand can help shield you from essential countermovements. Too many traders attempt to utilise "mental stops," mentally selecting a price at which to exit a position in order to reduce their losses. Even the most d...