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	<title>Comments on: Keys to Becoming a Successful Futures Trader</title>
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	<link>http://www.futuresblogger.com/2007/12/29/keys-to-becoming-a-successful-futures-trader-2/</link>
	<description>Futures Insider Shares Day Trading Secrets!</description>
	<pubDate>Sun, 12 Oct 2008 13:30:53 +0000</pubDate>
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		<title>By: Grain Trader</title>
		<link>http://www.futuresblogger.com/2007/12/29/keys-to-becoming-a-successful-futures-trader-2/#comment-486</link>
		<dc:creator>Grain Trader</dc:creator>
		<pubDate>Fri, 04 Jul 2008 16:42:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.futuresblogger.com/2007/12/29/keys-to-becoming-a-successful-futures-trader-2/#comment-486</guid>
		<description>Very Good rules!
Discipline, Patience, and Confidence are the most important.

I thought 4 hours a day with weekends off, I can get on my boat when the market is closed, or fly to New York for dinner. The boat is dry and I find myself grabbing a quick meal here and there. The real work starts when the markets close. If you skimp on your homework your account will start to fall off!

Confidence and patience go hand and hand. There should be no fear unless you are trading with limited funds! If you are trading with a small account you shouldn't be out there. 
I will often place a mental stop. Once my target price is met I place my trade and give the market some room to run against my trade. If the market hits my mental stop I usually get out with a small loss. Sometimes I let it run another 5 points, but only when I have recently made profits. I like to loose money because it will ALWAYS show me something I didn't see before. The key is not to loose money on a previously made mistake!</description>
		<content:encoded><![CDATA[<p>Very Good rules!<br />
Discipline, Patience, and Confidence are the most important.</p>
<p>I thought 4 hours a day with weekends off, I can get on my boat when the market is closed, or fly to New York for dinner. The boat is dry and I find myself grabbing a quick meal here and there. The real work starts when the markets close. If you skimp on your homework your account will start to fall off!</p>
<p>Confidence and patience go hand and hand. There should be no fear unless you are trading with limited funds! If you are trading with a small account you shouldn&#8217;t be out there.<br />
I will often place a mental stop. Once my target price is met I place my trade and give the market some room to run against my trade. If the market hits my mental stop I usually get out with a small loss. Sometimes I let it run another 5 points, but only when I have recently made profits. I like to loose money because it will ALWAYS show me something I didn&#8217;t see before. The key is not to loose money on a previously made mistake!</p>
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