TraderAssist® Making money is even more fun when no one else is! In 2009 I built a reputation being a good bear side trader. In fact, an executive from Strategy Runner said of my systems: that out of the 500 systems followed by their Strategy Exchange, I was one of the few strategy providers that produced profits during the worse of the 2009 bear markets. I have real time instructive audio / videos from 2009 up on the web site for your body of knowledge. Keep in touch with my up to the minute comments on twitter, it cost you nothing to follow but may cost you an opportunity, if you don’t. A Sincere Thanks. Our most recent email broadcast The Flash Crash May 6, 2010went to 1,296 subscribers. It had the highest percentage read of all my publications at 92.5%. I want to thank all of you for that. A few years ago I was swayed into the use of mass marketing to build a client base opposed to the educational approach that I had used from the beginning of my career. While the mass marketing approach turned out a large number people, the caliber of the End User was not as good compared to previous years. Too many just did not have a grasp of the futures trading business. However today, I can say that the upscale trader has returned to my web site and blog. For this, I will repay him or her in spades with tools they can use to increase their own understanding of risk taking, if not improve their trading itself. 10 Ways to Increase Your Chances of Success Trading Futures 1) Don’t treat it like a job! You are creating a business, not a job for yourself. A business continues to earn money even when you are not there active in it, while a job does not. 2) Don’t be a lone wolf.
To build a business you need to be able to share responsibility, risks and rewards with your business partners, and management. A good business is built on a good management team.
3) Know what you don’t know
Identify your skills and areas where they are lacking and resource them out to fill the gaps. The people you recruit should be better than you in their area of specialization. Recruit strong people, not yes men. ………………………………………………………………to be continued. Bench Marks for Performance Evaluations. In the 1980’s and 1990’s the deregulation of the markets democratized investing, thus creating the greatest amount of wealth in history. The first decade of the new century saw returns in traditional investments produce negative results for the first time since the 1970’s and maybe the 1930’s. So while there are moves on today by short sided politicians to over regulate or socialize the markets – which would the market’s undoing – (also see Fed’s Bernanke warns of risk to bank independence) – my point of view is a better educated investor / trader does not want to see risk subsidized. Here is a spread sheet of returns so you can compare similar holding periods with the investment you are considering.
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