New to Trading?
Don’t make these six mistakes!
Every minute more than 150 Million Dollars change hands in the electronic index futures markets like the e-mini S&P and e-mini NQ. You can win or lose thousands of dollars in a few minutes; the futures markets can make you rich in a few weeks or months or wipe out your account with no mercy.
If you want to compete in the “game of games” and play against the best traders in the world, then you need to get ready. Too many gamblers are entering the arena without any plan or trading strategy, completely unprepared, and that’s why they lose.
Trading a system will dramatically increase your chances to succeed in trading, because it eliminates five of the top six reasons why unprepared traders fail.
Here are the top six reasons why traders fail,
and how a trading system eliminates them
Let’s take a look at the reasons why traders lose money:
1. Lack of a Trading Plan
2. Lack of Discipline to Follow the Plan
3. Failure to Control Emotions
4. Failure to Accept and Limit Losses
5. Lack of Commitment
By all means, you have to avoid these mistakes if you want to win.
Here’s how a trading system eliminates 5 of the 6 top reasons why traders fail:
Solution #1: Having a trading plan
Having a trading system means having a pre-defined set of rules you have developed to guide your trading. Therefore you HAVE a trading plan, eliminating the No.1 cause for failure.
Solution #2: Following the trading plan
The easiest way to follow a trading plan is to automate it. Almost every trading system can be automated, and you could let the computer trade for you. You won’t have to worry about your discipline any longer, as the computer mechanically trades every setup for you.
Solution #3: Controlling emotions
Trading with a system removes emotions from trading. If you don’t have a strategy and you try to make decisions when the market is moving, you are liable to become emotionally attached to positions. You may experience panic and indecision when the market does not move in your favor, as you do not have a prepared response. That’s when most traders lose their money. If you follow a system you will know what to do no matter what the market does.
Solution #4: Controlling your losses
You probably have heard the saying “Let your profits run”. Unfortunately most traders let their losses run. A trading system will get you out of a position when the predefined stop is hit. Unless you override the system to “give the trade a little bit more room” it will stop the loss and therefore limit your losses.
Solution #5: Commitment
You won’t believe how many traders show a lack of commitment and therefore lose money. Lack of commitment means that they stop trading after the first loss, and don’t give their system a chance to make back the money they lost. Trading is not a one-way street, and losses are part of our business. If you can’t accept the fact that there will be losses, you shouldn’t trade. Fortunately a trading system can help you to overcome this problem; an automated trading system continues trading according to the rules, and therefore adds much more consistency to your trading.
As you can see,
Five of the six top reasons why traders lose money in the markets are simply eliminated when you start trading with a system.
Let’s Get Started
Click Here for a Free 3-step Guide “How to Make Money in the Markets”
More free information
Just click on the links to read the article you are interested in:
5 Day Trading Tips for Success
If someone tells you that you can get rich quick day trading or swing trading…run for the hills! There are no overnight successes, unless you are very lucky! Day Trading isn’t easy, but with experience, dedication, self- control and hard work, you *can* become a…
Are Past Losses Keeping You From Being A Winner?
Trading losses are no fun. In fact, they hurt when we react emotionally which most of us do. If you have traded at all, you undoubtedly know exactly what I am talking about. You have suffered a loss, possibly a big loss, possibly a string of losses….
Good to Know Stock Trading Information
Stock trading is a complex process that may be quite confusing and deceitful to a new trader. Therefore, if you plan to start investing your money in shares, you should first choose a stock trading strategy that is most suitable for yourself….
Have The Markets Changed?
Questions we are commonly asked are: Have the markets changed? Is it different this time? Have advances in technical analysis made it so the average trader does not have a chance anymore? These questions are easy to answer, and with complete certainty:…
Claim to Fame of Nicholas Darvas: * Turned a $25,000 account into $2,25 million in just 18 months. Wrote: * “How I Made $2 Million in the Stock Market” and made another $2 million from this. * “Wall Street The Other Las Vegas” * “You Can…
Profitable Trading System
After you have found a profitable trading system that you already back-tested, how can you be sure that this system will produce the same gains in future. Nobody can predict the future, your system can easily make losses in next years or can be…
The High Cost of Low Advice
It has been said that low cost or even free investing or trading advice can be the most expensive advice you can get. The meaning is clear. You get what you pay for. In order to potentially win in the markets consistently, you must have a winning…
The Moment of Truth
So you have learned how to trade the markets by mastering a few trading tools like Moving Averages, Channels, Stochastics, MACD, or RSI – that is a great accomplishment achieved by only a few. But having the tools and rules to potentially trade…
Algorithmic trading -The COMPLETE guide
Candlesticks: How to Read Candlesticks and Chart Patterns
The Traders Secret Art of Setting Stop Losses – Guaranteed To Boost Profits
When traders first begin considering their stop losses, keep in mind this comment from Tom Baldwin, a leading day-trader. He said, “The best traders have no ego.” Successful traders are faced with losses constantly, and they swallow their pride…
What you can expect when trading a system
If you think about trading a system then this lesson is of highest importance to you. Especially if you are new to trading systems you need to know what to expect when trading a system. System trading can be very rewarding but you need to know…
Click here for more articles.
To Find Other Futures Trading Systems:
Futures Trading Systems – How to start trading successfully with e-mini trading systems.
Rockwell Trading teaches you everything you need to know about trading systems to trade successfully. Learn how to develop, evaluate, test and optimize a profitable trading system to achieve your financial goals. … Simple and ingenious: Trading a system. will dramatically increase your chances to succeed in … Contact Us Links Rockwell Trading Articles Disclosure Statement for Futures and Options …
Trendchannel: Trend Following Futures Trading System
Trend Following, futures trading system, commodity trading system, stock indexes, interest rates, currencies, commodities, managed futures account, commodity trading systems, futures trading, stock trading, commodity trading, and trend … Trendchannel: a Trend Following Futures Trading System. Welcome to Trendchannel.com …
Fractal’s Edge Stock and Futures Trading System Software
stock and futures trading system. … Criteria to Look for in a Stock or Futures Trading System Company. If you want to be among … Fractal’s Edge Stock and Futures Trading Software System may be your perfect …
Futures Trading System by Advanced Trading Systems Inc.
The ATS-3200 is a Futures Trading System for the T-Bonds(US) Futures, averaging more than $4000 per trade. The System uses neural networks, genetic algorithms and fuzzy logic to identify overbought and oversold market conditions. It is a long …
Trendchannel: Trend Following Futures Trading System
Trend Following, long term, systematic, trend following, trading system, futures trading system, commodity trading system, futures trading, stock trading, commodity trading, and trend following, trading systems, trendfollowing … CQG – software and trading system development.