Trading Futures successfully on a regular basis is a profound
challenge. We are only human. So to try to remind ourselves of the following
thoughts when trading could prove to be beneficial. These are throughts which might
apply to a potentially active trader.
If you're a trader, not an investor:
Never trade for trading
sake; it's better to do nothing.
Never trade without a healthy
attitude.
Be aware of liquidity before
trading.
When there's nothing to do - do
nothing.
Trade what you see, not what you
think.
The trend is your friend.
Don't sweat losers - get rid
of them.
If you're not sure, don't do it.
Never say never and never say
forever.
Be careful about listening to
opinions - deal with facts.
Buy rumors and sell facts.
Keep expectations low - profits
will take care of themselves.
Be Patient - profits for
the whole day/month/year can come from one good trade.
Be careful about averaging down.
Let profits run.
During a move initiate or
increase positions in the direction of the move of the market the morning following any
one-day reversal.
Any single action based on the above ideas or combination of these ideas is certainly
no guarantee of success. However, we feel these thoughts are worthy of reading on a
regular basis when trading futures.
