Loss is the futures trader’s bugaboo, that annoying little wisp of fear in the back of your subconscious that keeps you from pulling the trigger and achieving success. To succeed as a futures trader you have to squelch thoughts of previous failures and concentrate on learning the new skills that will lead you to success.
Archives for 2007
Shortcuts To Trading Success
August 19, 2007 By
When you’re climbing the learning ladder to success (see our last post), that last step is a huge leap! You may find yourself at the conscious competence level for a very long time before everything becomes so practiced and so ingrained that you reach unconscious competence and start trading in the zone as a master trader. Even when you’re in the groove and really working it, it takes time and practice, practice, practice before your routine and technique click to autopilot and using your system becomes automatic and effortless.
Making Loss Work For You As A Futures Trader
August 15, 2007 By
If you learn to make your losses work for you, they can become your ally, not your enemy. Last time we talked about loss and how it can galvanize you to refine your system and improve your approach, setting you up for success as a futures trader. It’s like they say in sports, “No pain, no gain.” Loss motivates you to learn.
How Successful Futures Traders Handle Loss
August 12, 2007 By
If you are a futures trader, you’ve already learned that losing is part of the game. How you handle loss emotionally will determine whether you succeed or fail as a futures trader. You cannot allow yourself to become emotionally incapacitated by loss. Like the song goes: You have to pick yourself up, dust yourself off, and start all over again.
