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Five Basic Steps To Becoming A Successful Trader

1. Focus on trading vehicles, strategies, and time horizons that suit your personality

2. Identify non-random price behavior

3. Absolutely convince yourself that what you have found is statistically valid

4. Set up trading rules

5. Follow the rules

6. Don’t be afraid to abandon a rule that is no longer working.

 

In a nutshell, it all comes down to:

Do your own thing (independence);

And do the right thing (discipline).

 

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Sunday, 22 October 2017

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.