Day Trading Futures
- Thread starter manishchan
- Start date
- Tags day trading strategy tsf
- Status
hi
GM TJ's
Too often traders simply follow the crowd. Instead you should develop your own unique trading style.
A trading style is not a strategy. It is a set of parameters or rules that you adhere to strictly, ignoring rare anomalies that occur in your trading from time to time that go against your rules.
Your trading style should also ignore gimmicks, fads, and ‘hot new strategies’ that are constantly being promoted to crowd traders.
If you establish a set of parameters for your trading, write those rules down, and follow them while ignoring the crowd mentality of most small retail traders, you will begin to establish strong emotional control in your trading decisions.
The trick is writing the parameters down and then sticking to those rules. Emotions want traders to ignore rules.
Don’t trade for the money. Trade because you can’t imagine doing anything else. Trade because it is the most enjoyable and rewarding profession you can do. You can have a passion for studying charts without letting passion rule your decisions.
Highly successful people, in any career, do not do their job because of the money, they do it because they love what they are doing and can’t imagine doing anything else.
The money is secondary to doing the job that gives them purpose and self-esteem.
Money is not the ultimate motivator, purpose and self-esteem.
source:internet
GM TJ's
Too often traders simply follow the crowd. Instead you should develop your own unique trading style.
A trading style is not a strategy. It is a set of parameters or rules that you adhere to strictly, ignoring rare anomalies that occur in your trading from time to time that go against your rules.
Your trading style should also ignore gimmicks, fads, and ‘hot new strategies’ that are constantly being promoted to crowd traders.
If you establish a set of parameters for your trading, write those rules down, and follow them while ignoring the crowd mentality of most small retail traders, you will begin to establish strong emotional control in your trading decisions.
The trick is writing the parameters down and then sticking to those rules. Emotions want traders to ignore rules.
Don’t trade for the money. Trade because you can’t imagine doing anything else. Trade because it is the most enjoyable and rewarding profession you can do. You can have a passion for studying charts without letting passion rule your decisions.
Highly successful people, in any career, do not do their job because of the money, they do it because they love what they are doing and can’t imagine doing anything else.
The money is secondary to doing the job that gives them purpose and self-esteem.
Money is not the ultimate motivator, purpose and self-esteem.
source:internet
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| A | futures trading | Beginners Guide | 10 | |
| R | What is In-the-money option in the futures and options trading market? | Derivatives | 0 | |
|
Helmet Hermit's Trading Diary 2020 Equity futures(Single Stock) and Crude oil | Trading Diary | 57 | |
| K | Day Trading Crude Oil Futures | Trading Diary | 2 | |
| J | Spread Trading 2 futures | Futures | 0 |
Similar threads
-
-
What is In-the-money option in the futures and options trading market?
- Started by Rahul saxena
- Replies: 0
-
Helmet Hermit's Trading Diary 2020 Equity futures(Single Stock) and Crude oil
- Started by helmet hermit
- Replies: 57
-
-