Winning Psychology – What Separates Winning Futures Traders From Losing Futures Traders?
How to avoid the pitfalls that plague so many futures traders
When trading goes well, you feel great. When trading goes poorly, it feels like a disaster. Most futures traders who are successfully initially end up losing all their gains – and more. To be a successful futures trader, you have to acknowledge this pattern… and then break it.
The following are key ways successful futures traders differ from losing futures traders:
1. Losing futures traders lack proper preparation and a solid game plan.
Most losing futures traders are short-term and day futures traders. Their lack of success is due less to the time frame they trade within, and more to their lack of preparation and discipline.
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