Many traders new to futures trading make the mistake of thinking in terms of stocks. Futures trading is concerned not with individual stock performance but with the macro logic of the market. Futures traders watch the indexes, not the stocks. Remember, the market is always seeking equilibrium, constantly oscillating between previous highs and lows. Futures traders use support and resistance to gauge the range of the day and locate potential market turning points. Learn to successfully and consistently locate these turning points and the spread becomes your playground — and cash cow!
Archives for July 2007
Gear Up For Trading Success: Hone Your Technique
July 25, 2007 By
Technique, psychology and money management are the three essential elements that must be mastered to become a successful trader. You’ve developed a money management system, you’ve got your head in the profit zone (see our posts dated July 19 & 20), now comes the hard part: developing a system and honing your technique.
New Video Reveals Secrets of Futures Trading
July 25, 2007 By
Curious about futures trading? Want to see how we pros do it? I have prepared a short video that takes you through the start of a typical market day. Click here to watch the action.
Get Your Head Into The Profit Zone
July 20, 2007 By
To be a successful futures trader you have to master three essential elements: technique, psychology and money management. Mastery and balance of all three elements is vital to success. In our last post we talked about the importance of money management. Today we’re going to discuss psychology.
