Best Futures Trader in the World
For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believe there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature? Part of the reason would be because they are smart enough to know it does not exist. Fortunately for Professional traders the dreamers who do believe in a holy grail are plentiful and once one trading account is blown up along comes two or three other dreamers to replace them.
Successful trading requires extensive ongoing education, repetition of what you have learned, a back tested and written trading plan explaining your trading style, risk management rules, a well capitalized trading account, plenty of free time to analyze the markets both post and pre market, discipline to follow rules and the list goes on. Learning to trade is not just a financial obligation. Opening a trading account with $5, 000 and having a computer with charts hardly qualifies you as a Professional trader. You must be willing to commit time and make sacrifices along the way.
The rewards of being a Professional trader are endless, but the skills to maintain this status is an ongoing vocation (that was vocation not vacation for any dreamers reading this). For dreamers a Professional trader is somebody who has made millions or billions of dollars trading, has 3 or 4 homes, drives expensive cars and treats money with complete disregard. There is nothing further from the truth of a Professional trader. While there may be a handful of Professional traders like this in the world the majority live a completely different lifestyle than the dreamer thinks they do.
Most Professional traders live a lifestyle well below their means. Even though they have made enough money to buy most of the lavish things in life they choose to live within their means. Many self made millionaires choose to live this same way. If there was ever a business where you need to save for a rainy day it is a Professional trading career. As Tom Baldwin, worlds greatest Bond trader once said about trading, “live by the sword, die by the sword.” Follow your trading plan regardless through the ups and downs.
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