In today's day and age it's easier and more convenient to blame others for our actions or to lie to ourselves. From our president all the way down to our children we can see examples of not wanting to own up and take responsibility for what we do. Successful traders realize that their success or failure is all their own and while it may be convenient to blame the specialist for screwing them on an execution or blame the advisory service for a string of bad picks, the ultimate responsibility for their actions falls directly on their shoulders and they know it. |
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Staying emotionally neutral is the key to long term trading success. New traders often experience "burn out" which is more a result of emotional ups and downs than anything else. Don't buy into the hype that is constantly coming out of Wall Street. Don't get scared when the market draws against your position or pop the champagne when it roars for your position. Just trade it. Save your emotions for the things that really matter in life like family and friends, not futures and commodity trading. |  |
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Then before you go to sleep, just as your laying in bed ask yourself how you'd feel if you lost that amount. Your emotional side will come up with an entirely different number. |
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Index Option Trading |
Commodities Trading STEP #5. Close Trades. One thing that all those successful and profitable in commodities trading have in common, is the ability to stick with their commodities trading plan. Simply put.. DISCIPLINE! You should not exit a trade before or after your system of trading says to do so. Don't let your emotions get in the way. It's very easy for fear, greed and confusion to sabotage your trades. |
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You will be taken, step by step, through this selection criteria process that will separate the contenders from the pretenders. This selection process will leave you with a list of the best stock split trading candidates each month. |
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