• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Motive

You want to trade futures, or you are currently trading—and you want to trade successfully. After all, that is why you purchased this book. Have you really sat down and analyzed your true motives? I know you want to make money—we all want to make money. But it should go well beyond that.

The hedgers in our markets are there for business reasons—to manage the risks inherent in the commodity and financial markets associated with their businesses. The other element, the speculators, should be in it for the same business reason—to enhance bottom-line profitability. Still, many are trading for another reason: the thrill, the excitement, and the adrenaline rush. These traders, and I think the numbers are significant, are looking for the same rush as the horse better or crap shooter. Although it is not impossible to make money as a Las Vegas gambler (some unique individuals do), most do not. My first question to you is this: What are your real motives? Only you can answer this question, but I will state clearly that if your real motive is action, and if you require instant gratification, you will fail. Your state of mind will prompt you to trade without regard to conditions. The conditions must favor your actions, or you will fail.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint