Futures 101: First Steps:
- Patience for real clear situation.
- Trend and sound fundamentals are almost perfect market tone.
- Calculate risk reward! At least 1 to 3 ratio.
- Place stop beyond some technical barrier. A hard to reach spot.
Futures 101: Follow These Technical Indicators:
- ADX: Average Directional Movement Index.
- RSI: Relative Strength Index.
- Moving Averages.
- Stochastics.
- Key Reversals.
Futures 101: Watch For:
- Risk control, poor money management, and too many correlatedtrades.
- Make Rational Bets.
- "Don't Wish", "Don't Hope", Diagnose the process of trading.
- Cut losses. Ride winners. (Close positions you are not comfortable with).
- Don't over trade.
- Expect the unexpected in this business or the extreme. Don't be too tied to the past.
- Use different approaches, and therefore, you don't have all your orders going in at one point. Use different strategies.
- Buy on break outs. New Highs! New Lows!
- If there is a major trend, your approach should assure that you get in that trend (sooner or later) depending on how the market reacts to news.
- Decrease your trading volume when you trade poorly.
- Increase your trading volume when you trade well.
Important Please Note The Following:
The material contained in Futures 101 is of opinion only and does not guarantee any profit. These are risky markets and only risk capital should be used. Past results are not necessarily indicative of future results.
