《25_Rules_of_Millionaire_Traders》.pdf

25 Rules of Millionaire Traders! Page 1 25RulesofMillionaireTraders Eventhoughfewerthan15-25%ofallpeoplewhotradefuturesaresuccessfuloverthelonghaul,there isasmallgroupofelitetraderswhoconsistentlymakehugeprofitshundredsofthousands,even millionsofdollarsayear Whatisitthesemillionairetradersaredoingdifferently? Thisbookletlists25RulesofTradingthatmanyofthesetoptradersfollowreligiously.Wehopeyou findthemenlightening. TheeditorsstaffofFuturesMagazine 1YOUMUSTDEVELOPDISCIPLINE: This may be the hardest rule to follow, yet it may be the most important of all. Without discipline, you will be forced to constantly react to the whims of the marketplace, rather than controlling your fate and acting in your own best interests. 2KNOWWHYYOUTRADE: There are dozens of reasons why people trade futures. Some trade to control their financial fate. Some like the fast pace. Others like the hunt for a big kill. Whatever your reason, youll trade better and enjoy it more if you understand why you do it. 3DONTBETTHEFARM(ORTHEHOUSEEITHER!): Futures trading can be very risky, so dont fund your trading account by committing money which, if lost, could thro wyou into bankruptcy. Instead, fund your account with money to be used only for investing. 4BEMENTALLYINDEPENDENT: One of the keys to successful trading is mental independence the ability to free yourself from concerns that might distract you from trading. That doesnt mean you should ignore your friends or family; it simply means you should avoid putting yourself in a situation where financial fear or static from friends and family gets