Sunday, August 31, 2008

Haste makes waste

You have a specialized, tested system. Wait for your conditions to be satisfied. Patience is an invaluable virtue for a trader.Futures how big players take positions before amateurs. They consider their bets as only that. It is a chance. More often than not the efficient or the big player has the advantage of leverage, information, infrastructure and so on. He may also be trading in the proprietary account or at very low commissions (brokerage) making him very difficult to beat.Follow trends, that should be your best chance. It requires patience to wait for trend changes. You will also have to time the point of entry very well since your margin for error is minimal, especially for a day trader.

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