What Does Discipline Mean in Futures Trading?

Everybody has a different definition for discipline.  Most people think that discipline means seriousness in doing something. This is true but discipline has a wider meaning when it comes to futures trading.
In futures trading, discipline means following your trading system rules exactly and precisely. Over 95% of futures traders lose, not [...]

Trade or Not to Trade, That Is the Question

As a novice trader, you will be faced with a big question sometimes. There is a trade setup formed or forming on the chart and you wonder if you should take it or not.
The trade setup may not look strong enough and it may not have met [...]

Day Trading Versus Swing Trading.

If you are a novice trader, this should be one of your important questions that if you should be a day trader or a swing trader. It is a little hard to decide at the beginning and sometimes even after two years of practicing you still don’t [...]

April 12, 2010, Monday, -26Ticks x $10/Tick=-$260
Click here to watch the video