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Steps That Bring Trading Success

I guess from time to time I would say this somewhat differently, but what comes to mind is as follows:

Here are five steps to becoming a successful trader:

1. Focus on trading vehicles, strategies, and time horizons which suit your personality. You need to be comfortable.

2. Identify non-random price behavior, wherever you can find it.

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

4. Set up trading rules.

5. Follow the rules, but don't be afraid to break them if they don't work.

In a nutshell, it all comes down to:

a. Do your own thing (independence);

b. And do the right thing (discipline).



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Master Trader Joe Ross wants you to learn trading and he created products to do just that, teach you how to trade. Go to our website to find which ones best fit your trading style.

 

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Thursday, 30 June 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.