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I tweet about futures trading and my experience in this business since 88 as a clerk to 97 when I started to trade my own account. I have seen some of the smartest-most educated traders blow out! Not blow up, but blow out. Blowing out is permanent. Blowing up U can come back from
Those smart traders all had one thing in common-they knew better. They used the smart technical terms that shows how smarter they R. They knew better then the banks, the market, the brokers, the big traders. Everyone else is wrong-they R right. It is the quiet trader that kills
The quiet trader that makes their money day in day out is the one that retires wealthy. It is not how much you make now that matters it is what you have when you shut it down. All good and great traders also have big egos. Have too have a lot of balls to be good at trading but-
We have all learned how to use our egos to propel us, not to destroy us. Our egos, our emotions can either be part of our strengths or they will destroy us. Experience is the only way to learn how to use them.Experience is the only way to use what is best in us to push us forward
So take it easy on yourself. Take it easy on other traders. Learn from the experience of successful traders. We are all different. Find those U seem to connect with and ask questions. If they r tweeting, they should be willing to respond to questions. Do not be in a rush.
The markets are not going anyplace. Don’t waste time but don’t rush. Know your craft, in and out. Every trader should be able to explain their process simply and easily. Know everything there is too know about that process. Traders never stop learning. Have fun, go after it.
One more thing-when you make money that does not mean you are a great trader. When you lose money that doesn’t mean you are a terrible trader. Just means you are a trader. Figure out how to make money more often then you lose. Simple as that!
