1. Test and fine-tune your trading system.
2. Learn to successfully pull the trigger.
3. Perfect your charting system.
4. Develop productive trading habits.
5. Practice self-discipline.
See if you have what it takes to be a futures trader.
That last item is very important. You can have the best system in the world but if you don't believe in yourself, if you don't believe in your system, if you don't have the passion to trade, no system in the world will make you a successful futures trader. Like I tell my students, successful futures trading is 90% attitude. Not everyone has the skill http://www.camisetadefutbolcolombia.com/comprar-camiseta-leandro-castellanos.html , passion, ability or discipline to succeed. Better to find out before you lose your money.
In my Futures Trading Secrets course, I recommend that students practice trading on the e-Mini with Sims Broker until they achieve a certain level of confidence and consistency in their trades. Practicing futures trading on paper is important before you attempt the real thing. Before you start trading with real money, you must develop the discipline to control your emotions and stick to your system. Plunking down cold, hard cash opens the door to greed and fear, which can submarine even the best system if not held in check. Practice will give you the skill http://www.camisetadefutbolcolombia.com/comprar-camiseta-blank.html , confidence and courage to succeed as a futures trader.
Practice trading should be as detailed and meticulously recorded as the real thing:
1. Log and study your profits and losses.
2. Look for patterns that indicate when you successfully pulled the trigger and when you failed.
3. Work to increase successful strategies and decrease unsuccessful ones.
4. Develop successful daily trading habits and routines.
Remember to practice the discipline to stick to the daily habits and routines even when you don't feel like it or they don't seem to be working. Discipline and routine are essential habits of the successful futures trader. Every trader loses sometimes. You have to have the discipline to follow your routine and have faith in your system even when you're losing, if you are to ultimately succeed.
For instance, Tiger Woods doesn't plop the ball on the ground and flail away. He follows a regimented and very carefully practiced series of steps to give himself the best possibility of success. Following a pattern of behavior time after time has helped to make him the world's most successful golfer.
The routine is easy to see in dog training where each training module educates, reinforces, builds on success and leads to the next step. The trainer has broken into a series of steps the behavior he desires the dog to achieve. Before he can heel successfully, a dog learns to follow a series of necessary preliminary steps: sit http://www.camisetadefutbolcolombia.com/comprar-camiseta-seleccion-colombia.html , stay, start, stop, heel. With practice he learns to watch your left leg and move with it, starting and stopping as you do. In time, the behavior becomes so ingrained the verbal commands are no longer necessary.
My students say it with me: "One of the most important things you can do to improve your trading is to develop specific patterns of behavior."
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North Korea warned Monday that U.S.-South Korean military exercises, which it called "the most undisguised nuclear war maneuvers," are driving the Korean Peninsula and northeast Asia toward "nuclear disaster."
The United States and Japan, in consultation with South Korea, requested an urgent Security Council meeting on the launches, the U.S. Mission to the United Nations said. The closed consultations are likely to take place Wednesday after the Security Council returns from a visit to four Boko Haram-affected countries in Africa, a U.N. diplomat said, speaking on condition of anonymity because consultations have been private.