Attacking from the Bottom up versus the Top downMany outstanding books have been written that focus on successful traders and how they have achieved their successes. There is much to be learned from these books. The only real problem with books that focus on successful traders is the reader can come away with a false sense of security. People may assume that by emulating the greatest traders around they can be just as successful. But is that a realistic expectation? Just because you know how someone else succeeded in a particular field of endeavor does not necessarily mean that you can duplicate his or her success. Just because you read a book about how Warren Buffet selects stocks doesn't mean that you are destined to be as good at it as he is. Yet this is how a lot of people approach investing. They read a book or look at an ad that tells them "how easy it is" to make money and later on they are that much more surprised when they find out that it is not so easy after all. There is much to be gained by learning from and attempting to emulate traders who have enjoyed a great deal of success. The danger is in assuming that you will enjoy the same type of success without paying some dues along the way. One Word of WarningIf you are presently trading futures unsuccessfully or have done so in the past, you may be about to take a cold, hard look in the mirror and you may not like what you see. But as with anything else that might cause you to look in the mirror, the most important question to answer is not "do I like what I see?" The more important question to answer is "if I don't like what I see, am I willing to change my ways?" Generating a positive response to this question, as well as offering some guidance as to where to start, is the primary purpose of our site. |
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