18th February 2009
You've heard the maxim: "A win is not always a win and a loss is not always a loss." It's true in many aspects of life and particularly in futures trading. Making a profit does not always indicate a textbook perfect trade. Likewise, losing money does not ...
18th September 2008
When you're climbing the learning ladder to success (see my article called "The Futures Trading Success Ladder"), that last step is a huge leap!
You may find yourself at the "conscious competence" level for a very long time before everything becomes s...
13th August 2008
First Rung: The Education Of A Trader
Becoming a successful futures trader doesn't happen overnight. You don't read a book and Voila! another successful futures trader dazzles Wall Street. It would be nice, but it's just not going to happen. Once you d...
17th July 2008
"Practice makes perfect," my mother used to say. It's as true of futures trading as of anything else. Before you put your hard-earned cash on the line, you need to practice trading if you want to succeed as a futures trader.
Making practice trades allo...
27th June 2008
It's important to adopt a trading strategy that fits your personality. But first you need to define yourself as a futures trader. There are three basic trading personalities: the dominant trader, the detached trader and the dependent trader.
THE DOMINA...
18th June 2008
THE IMPORTANCE OF THE PHYSICAL AND MENTAL
Just as a craftsman keeps his tools sharp, clean and well organized, so must a futures trader keep his "tools" in peak operating condition. A futures trader's ultimate tools are his mind and his body. Yes, we u...
25th May 2008
There are certain psychological characteristics that can negatively impact your ability to succeed as a futures trader. Learn to recognize these behaviors in yourself and guard against them.
THE CHEAPSKATE TRADER
Many people are foolishly cheap. They ...
21st May 2008
Futures traders come in all flavors but it's basically a Neapolitan world. You can be a scalper, swing trader or a combination trader. Mindset and methodology generally determine in which sector of the futures trading world you'll thrive.
SCALPERS
Sca...
15th May 2008
There are four key elements to achieving success as a futures trader:
1. Self-confidence
2. Discipline
3. Ability to handle loss
4. Profitable trading system
1. Self-confidence
If you aren't absolutely confident that you can become a successfu...
15th May 2008
A number of qualities are necessary in order to become a successful futures trader. These characteristics can be your keys to success. Some are more crucial than others, but together they form an unbeatable -- and winning -- combination.
The Discipline...
14th May 2008
Don't Quit Your Day Job – Yet!
Success as a futures trader is dependent on your ability to master technique, psychology and money management. Life as a trader can be phenomenally successful, but it can be equally risky, particularly while you're learni...
