1. Dont be too greedy. Have a plan and stick with it, don't force a bad trade. Don't try to triple up with one trade, it's not neccessary.

2. Never trade CLOSING or TOUCH contracts too early.
I recommend trading after 1:30 and to be on the really conservative side trade after 2:30, oil will have closed most of the major news will be out and the Index will have a clear trend or some indication of where it'll clos.
Trading too early puts alot of pressure and stress on you when the trade goes against you and is unnecessary because you will be able to get the same price later in the day with more information availible to you. The later you trade in the day the more information you will have thus increasing your probability of a successful trade.
Now they're some exceptions to this rule if you getting a price that is way too good then go ahead, but most of the time people are impatient and just want to trade.

3. Have a technical method, don't trade off of "gut instinct" or only fundamentals.
Fundamentals probably won't work on a daily basis. You should be using some type of technical analysis to determine what the index is likely to do. It can be previous support and ressitance levels, moving averages, or oscillators, just use some type of technical analysis when making a trade.
A lot of people will see the Dow up +200 points and assume that its impossible for it to not close over +100 and won't bother to look at technicals, but if the Dow is in an extended up trend it can easily close in the negative, and you wouldn't know that if you didn't use technical analysis.

4. Dont take unneccessary risk and have a valid reason for the trade.
A lot people come to prediction exchanges to gamble but you shouldn't. Make sure your positions is not too risky, you should always have a postive expectation value on all your trades and if you don't then your gambling. Now I know it may be difficult to come up with the expectation value but you can kinda get a rough estimation (you can't use the percentages given by the exchange you will always come out a negative expectation, and this is to be expected because your trying to take advantage of what you believe to be the wrong percentage).

5. BE PATIENT :)


Well these are the basic rules to follow. That might have been a little confusing so comment me and I will address and problems.