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\n10 Key Questions on Measuring Your Trading Progress, Success<\/h1>\n
10 Key Questions on Measuring Your Trading Progress, Success<\/h1>\n<\/div>\nBy Jim Wyckoff<\/a><\/div>\n<\/div>\nAt some point in nearly everyone\u2019s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually knowing the success or failure rates of others doesn\u2019t do a lot to move you farther down the road of where you want to be regarding trading success.<\/div>\nMost traders also wonder about the success rates of the \u201cprofessional\u201d traders\u2014the ones who make their living solely by the profits they generate from trading. I will provide you with an answer to this question at the end of this feature.<\/div>\nBelow are 10 questions regarding measuring your own trading progress and success. These questions should help you determine where you stand in this challenging field of endeavor.<\/div>\n<\/div>\n1.\u00a0What is trading \u201csuccess?\u201d\u00a0This is a most basic question. Most would agree that ultimate trading success is defined as being profitable at trading\u2014making more money than you lose. There are other secondary factors that also define success in trading, such as finding a \u201cbalance\u201d between trading and other life activities. But it\u2019s being profitable at trading that is the benchmark of defining success.<\/div>\n<\/div>\n2.\u00a0What is trading \u201cprogress?\u201d\u00a0Beginning traders should not expect to have immediate and ultimate success trading futures, stocks or FOREX markets. What they can expect in the early going is to make steady progress through gaining knowledge and experience. Even veteran successful traders continue to make trading progress. Achieving and maintaining trading success requires continual progress\u2014namely continuing to seek out trading and market knowledge. Traders who truly enjoy the \u201cprogress\u201d and process of trading do have a significant trading edge over those who do not enjoy learning and gaining experience.<\/div>\n<\/div>\n3.\u00a0At what point in my trading timeline should I expect trading \u201csuccess?\u201d\u00a0Trading success (winning trades) can come right away\u2014even for the beginning traders. What is less likely for the inexperienced traders is sustained trading success. Beginners can even run into a \u201chot streak\u201d that skews the overall reality of trading. Immediate (and likely fleeting) success for a beginning futures trader can do longer-term psychological harm\u2014if he or she does not fully recognize and understand the hard work and perseverance required on the road to trading success. Many times I get questions from less-experienced traders that go something like this: \u201cI\u2019ve been trading two years and I\u2019ve only been able to about break even.\u201d\u00a0My reply to them is, \u201cHey, you should not be too discouraged with those results. Many traders don\u2019t have that kind of success in the early going.\u201d<\/div>\n<\/div>\n<\/div>\nFINISH ARTICLE HERE<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\nGood Trading<\/strong><\/h3>\nTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n
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Futures Trading Levels<\/strong><\/h3>\n8-11-2021<\/strong><\/p>\n![\"\"](\"https:\/\/files.constantcontact.com\/3dc00ef7001\/c82899bd-c55b-4e2a-a0e5-a502436651af.png\" "\\"\\"")
<\/div>\n<\/h3>\nEconomic Reports, source:\u00a0<\/strong><\/h3>\n
By Jim Wyckoff<\/a><\/div>\n
<\/div>\n
At some point in nearly everyone\u2019s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually knowing the success or failure rates of others doesn\u2019t do a lot to move you farther down the road of where you want to be regarding trading success.<\/div>\n
Most traders also wonder about the success rates of the \u201cprofessional\u201d traders\u2014the ones who make their living solely by the profits they generate from trading. I will provide you with an answer to this question at the end of this feature.<\/div>\n
Below are 10 questions regarding measuring your own trading progress and success. These questions should help you determine where you stand in this challenging field of endeavor.<\/div>\n
<\/div>\n
1.\u00a0What is trading \u201csuccess?\u201d\u00a0This is a most basic question. Most would agree that ultimate trading success is defined as being profitable at trading\u2014making more money than you lose. There are other secondary factors that also define success in trading, such as finding a \u201cbalance\u201d between trading and other life activities. But it\u2019s being profitable at trading that is the benchmark of defining success.<\/div>\n
<\/div>\n
2.\u00a0What is trading \u201cprogress?\u201d\u00a0Beginning traders should not expect to have immediate and ultimate success trading futures, stocks or FOREX markets. What they can expect in the early going is to make steady progress through gaining knowledge and experience. Even veteran successful traders continue to make trading progress. Achieving and maintaining trading success requires continual progress\u2014namely continuing to seek out trading and market knowledge. Traders who truly enjoy the \u201cprogress\u201d and process of trading do have a significant trading edge over those who do not enjoy learning and gaining experience.<\/div>\n
<\/div>\n
3.\u00a0At what point in my trading timeline should I expect trading \u201csuccess?\u201d\u00a0Trading success (winning trades) can come right away\u2014even for the beginning traders. What is less likely for the inexperienced traders is sustained trading success. Beginners can even run into a \u201chot streak\u201d that skews the overall reality of trading. Immediate (and likely fleeting) success for a beginning futures trader can do longer-term psychological harm\u2014if he or she does not fully recognize and understand the hard work and perseverance required on the road to trading success. Many times I get questions from less-experienced traders that go something like this: \u201cI\u2019ve been trading two years and I\u2019ve only been able to about break even.\u201d\u00a0My reply to them is, \u201cHey, you should not be too discouraged with those results. Many traders don\u2019t have that kind of success in the early going.\u201d<\/div>\n
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FINISH ARTICLE HERE<\/a><\/div>\n<\/div>\n<\/div>\n
<\/div>\nGood Trading<\/strong><\/h3>\n
Good Trading<\/strong><\/h3>\nTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n
<\/p>\n
Futures Trading Levels<\/strong><\/h3>\n8-11-2021<\/strong><\/p>\n<\/div>\n<\/h3>\nEconomic Reports, source:\u00a0<\/strong><\/h3>\n
8-11-2021<\/strong><\/p>\n<\/div>\n<\/h3>\n
Economic Reports, source:\u00a0<\/strong><\/h3>\n
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