The financial markets has its own vocabulary and more so in the world of short term trading. Bulls, Bears, overbought, oversold, whipsaw and list goes on. But one term in particular should be of importance to all new emini futures traders. The markets have a name or label for people that lose everything to the markets called a Barefoot Pilgrim. Unfortunatley the name is fitting because there are people who participate in emini futures trading everyday that have no business doing so.
They trade with money they cannot afford to lose and if they do lose the money [...] Continue Reading…
