A Day to Remember….and be Thankful I'm an E-mini Trader!

Most of September, 2008 has been a …….well, I hate to use the word 'remarkable'…..but, that's what it's been. My heart really aches for those folks who have their 'dreams' tied up in stocks and mutual funds. While the market has been causing them sleepless nights (and days), we e-mini traders have ……. well, it's a fact… been doing very well. In fact, some of the best trading days we've ever seen! A whole month's income in a day, several times. I thought I would never see another day like July 24, 2002, a day the DOW rose 489 points. It was a banner day for me, even as a new neophyte e-mini trader.

But, this month of September, 2008 has seen several days of even greater drastic volatility. Volatility and Volume are the two main market conditions e-mini traders pray for….and we've sure gotten both this month! Even being very cautious and only trading with one 'contract', still what a train ride….with the market going down hill— over 750 DOW points today!  Our S&P 500 Market that we trade primarily, moved down over a hundred points!  (Those politicians in Washington are really caught behind the '8' ball, aren't they?)

I got completely out of stocks and closed my mutual fund account when I discovered e-mini's back in 2002. Smartest thing I ever did. Today? Yeah, …I'm concerned about our overall economy, but I have faith in America and my fellow countrymen (and, maybe even the politicians, if this is enough to wake them up!). Those corrupt and greedy regulatory and mortgage industry officials who brought this financial crisis to a head, well, let's hope they get sorted out and appropriately punished!

Things will get better.   We Americans have faced tougher and more drastic challenges.  We will rise above this.  And, those 'losses' my friends in stocks and mutual funds have suffered aren't real losses— until [you] SELL.

So, hang in there, America.