My 10 future trading rules
1.Future trading is margin trading products and carries significant risk. All future traders must aware of that and must have ability to maintain capital.
2.is not for newcomers or stock market amateurs.
3.To become successful future traders, you must be excellent dealer, money manager and technical analyst.
4.For future trading capital, good infrastructure ( best broker, best trading system/, good laptop/desktop, uninterrupted internet connection) and market sense are basic three pillars of success.
5.Keep stop loss as well as target levels in system not in mind.
6.Patience is virtue of money making in all market. It comes with experience that why future andis only suggested to experienced traders.
7.Trading without plan inmeans driving in speed lane without eyes. You know what going to happen to you!!
8.Not every time market goes with you and now days in volatile market, if you making handsome profit in position take it. Do not choose to get right. In market we are here to make money not to get 100% right.
9.Always choose trades based on better risk reward and confidence not on hunches.
10., then always make habit to withdraw it. Enjoy the money or investing wisely anywhere. This will boost your confidence as well as boost your ability to trade in futures.