When I initially became interested in trading futures I had no concept as to where to go to get details about trading. I didn't know anyone that traded the futures market. In fact, when I talked to anyone about futures all I heard was "Don't trade futures, it is way too hazardous, you will lose every penny you own."
At the time, I had a tiny savings and was considering corporate reorganisation to steer clear of corporation bankruptcy for my business. Luckily, my business adviser guided me through trading futures. If you're in the same position and thinking about corporate reorganization to raise funds, read on to discover how to make quick funds and make sensible business decisions.
Indeed, you may lose money fast in the Futures market, but you can also make money rapidly since the leverage is fantastic and that is what interested me. I knew I had to have a superb system, but where would I go to locate one?
Books had to be the answer. Like I said previously, I guess I was not very bright because right after reading thirty or forty books extensively and having applied the methods learned from the books, I was not able to trade profitably on a consistent basis.
I'm positive some are capable of working with these strategies to trade successfully, but I was not able to do so. While having a book burning party a couple of years ago, I decided to keep one book to help remind me of my experience.
It is on my bookshelf and I glance at it once or twice a year to help keep this encounter fresh in my memory. There might be some great books out there that show you how to trade successfully on a consistent basis, but unfortunately I never ever discovered one. I wasted years on this endeavor.
By this time, computer trading was becoming popular. I received an advertisement about a system where I could basically write my own system and back test it to get results before actually trading it. Wow! This was great and it was only $4500.
They advertised that anybody would be in a position to plan this thing. Well, they must have meant anyone with the exception of me. I wasted hundreds of hours attempting to write programs unsuccessfully. I did not know the program language and I wasn't in a position to get enough information to learn it.
So, I decided to be intelligent about this situation and bought another program at only half the value of the initial one. I was able to write a number of programs that developed very well in back testing, if one could stand twenty point stops within the S&P. I really liked this idea, but finally had to admit that it was not going to give me what I was searching for.
For years now, I had been studying charts daily plus weekends and evenings. Naturally I was aware that all indicators, strategies, systems etc., started with price. Not one of these things can be created without price moving first.
I had a tough time learning to trade without a mentor.
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