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.
Don’t Quit Your Day Job — Yet!
July 19, 2007 By
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 learning to dot the i’s and cross the t’s. It would be a mistake to quit your day job until you’ve mastered the three elements of successful trading. Master only one and your lack of knowledge and expertise in either one of the other two areas may bring you to the brink of disaster and topple you over. Remember, mastery and balance of all three elements is vital to success.
