QQQ > Day Trading QQQ

Commodities Trading STEP #4. Monitor Trades. After your trade has been successfully entered you should then follow it on a daily basis.

Stock Market Forecast

Before you can develop these 7 habits you must first understand the Trader' s Mentality. The trader's mentality is looking at the futures and commodities market as a profit generating market in motion. Trader's don't have an investor mentality. Investors read the recurring reports for agricultural, grains, financials, looks at the COT, listens to Greenspan, reads news from G-7 meetings and so on before they invest.

Index Trading

"I lost "X" amount of money taking the advice of so- and- so" is not something you' ll hear a successful trader say. You can learn a lot from an experienced trader but your results are the result of YOUR actions. Habit #3 - The Habit of Focusing on 1 or 2 Techniques that Work. Rather than constantly searching for new strategies and techniques, the profitable trader will constantly use 1 or 2 approaches and nothing else.

In a losing situation it is easy to let losses accumulate in hopes that prices will turn around. A losing position should be exited quickly. A losing position doesn't mean the speculator is bad at futures trading, simply that the timing was wrong.