For 2014 I would like to wish all of you discipline and patience in your trading!
A word or two about day-trading and money management…..
Trading futures and even more so, day-trading futures has grown significantly over the last few years, as seen by the increase in daily volume on some of the more popular electronic markets.
New traders as well as more experienced traders often wonder and search for the perfect solution. The answer is different for each trader. Many factors influence what may be a good route for one trader versus a better alternative for another. Experience, risk tolerance, the person’s schedule, financial situation along with other factors will greatly influence trading decisions. What’s good for one trader may not be right for another.
One COMMON solution different traders can implement when it comes to day-trading is the principle: “Treat your daily Profit/Loss as you would treat an open trade.” Allow me to expand: