Description
The Four Biggest Mistakes in Futures Trading will help you trade futures profitably by showing you how to identify-and-avoid making four common mistakes that can derail your plan and reduce your profits.
Introduction:
First the bad news: best estimates suggest that 90% of individuals who trade commodity futures lose money doing so. Now for the worse news: This estimate may be too low. The sad fact is that somewhere along the way the majority of traders make one or more critical mistakes in their trading, which cause their losses to exceed their winnings.
The good news is that the mistakes that cause most losing traders to fail are quite common and readily identified. These mistakes will be detailed in this book. The better news is that by being aware of the potential for making these mistakes and by taking steps to avoid them, you can make a great leap towards becoming a more consistently profitable trader.
The information contained in this book will help you to become a more successful trader – not necessarily by teaching you to be a “good” trader, but by teaching you how not to be a “bad” trader.
This book takes the opposite view. Instead of focusing on the traits that allow 10% of futures traders to be successful, this book focuses on the most common and costliest pitfalls that claim the 90% of traders who lose money.
Consider this the “how not to” lesson. By avoiding the mistakes detailed in this book you clear your path of the major obstacles that doom the majority of futures traders to failure.
Topics to be covered in this book:
I. The Four Biggest Mistakes In Futures Trading
II. Why Do Traders Make This Mistake
III. How To Avoid This Mistake
Contents:
- LACK OF A TRADING PLAN
- USING TOO MUCH LEVERAGE
- FAILURE TO CONTROL RISK
- LACK OF DISCIPLINE
