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The "Now Trap"

There is a great attraction in all aspects of the modern age to immediacy. Likewise, most of the trouble in trading occurs through this love affair with the "now," with impatience, and with trying to hurry up the trading game. Traders want to make money in the markets now, today, and not tomorrow or next week.

We love the Now. We are devoted to it and give it much weight. This problem may be especially true if you have not done any trading during the last few days or even weeks. The pressure to trade becomes almost palpable. You have prepared your trading strategy for weeks and you don't want to just sit there and do nothing. But don't fall into the "Now Trap." Don't trade if there is nothing to trade! 

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Sunday, 21 April 2024

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.