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Learning from Mistakes

If you make mistakes during trading, go back in your mind to see what you could have done better, or differently. There is usually something to learn from each trade. For example, did you stay too long in a single trade? Did you trade too aggressively, or not aggressively enough? Should you have cashed in (or added) some contracts, but didn’t?

Mistakes don’t matter much if you learn from them. Analyze mistakes, use them to adjust, and move on to do better next time. Large mistakes, horrendous mistakes, are usually self-correcting. Generally when we make one, we will not repeat it. Mistakes always seem like failures at the time, but they really are not – they are really a step forward. 

There is always more to learn in trading, no matter at what level we are. The education is never complete. The journey goes on, with endless course corrections and continual adjustments.



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Tuesday, 04 October 2022

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.