After years of answering emails filled with questions from newer traders I felt it’s time to set a few things straight. Here’s what it means to really trade for a living (according to me, that is).
That’s right, to beat the market is simply impossible, no one can win 100% of the time. Just like in blackjack, no one can win every hand. However using the S&P 500 as your benchmark it is possible to produce significantly higher returns and outperform the market, here’s how.
If you feel like the road to becoming a successful trader has been a roller coaster ride of ups and downs you’re not alone.
Where are you on the list?
We’ve all experienced the effect of a mentor, whether it is a teacher, coach, or colleague. These are the 10 top traders that have played the biggest role in my trading, both as an inspiration and through their teachings.
Price speculation has been around for hundreds of years; long before the existence of electronically traded markets like the NASDAQ and CME Globex. Ironically the fundamentals of trading have not changed, what has changed are the vehicles in which we use to trade.
