Overleveraging, trading with “scared money” is not sustainable and will cause you to lose your money faster than playing the craps tables in Vegas. Entrepreneurs like Thomas Edison, Donald Trump and Steve Jobs will often say fail fast and fail often, I’d like to add that in trading, you must fail small.
Trading with the NYSE tick can lead to increased efficiency in your entry’s and exits. While it is most commonly used for intraday trading, it is possible to trade larger timeframes. The NYSE tick is only available during regular trading hours of 9:30 AM EST – 4:00 PM EST as the data is derived from the New York Stock Exchange.
Trading losses can end a career in a matter of a day, and hour, or in extreme circumstances even a few minutes. Here I outline some of the ways I have dealt with losses in the past and how I got over the hump.
If you have $10,000 to put towards your trading account, don’t waste your time. As a matter of fact if you have $15,000 or even $25,000 in your trading account, don’t waste your time. That is, don’t waste your time with careless mistakes because every trade counts.
The Infinity Futures AT (Active Trader) platform offers lightning fast order execution, reliable service, and low commissions for futures trading. Find out the other benefits and download a free copy.
Do you want to become a successful trader?
The following is a list of articles, books and audio clips that I used to kick start my trading, you may find them useful in your own trading.
It is important to make the distinction between trading vs. investing. You will be hard pressed to find a trader who is not also an investor, but not all investors are traders. As a matter of fact, if you throw all traders and investors together, traders make up a mere fraction.
Setting up a multi-monitor trading screen will give you the most functionality and efficiency for your trading and is almost a necessity when trading more than one market. I use a three monitor setup and trade two markets, the E-mini S&P and Euro Futures.
