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Jeff Glenellis – How to Day Trade Crude Oil Futures
Archive: https://archive.ph/JJm6S
There Are Only Two Things You Need To Know About Trading Futures In Order to Be A Successful and Profitable Trader
Look, if you’re a day trader (or want to be one) you need to understand something that is fundamental about trading.
And that one fundamental thing is this:
Trading is a hell of a lot simpler than most teachers, trainers and coaches make it out to be.
And that is all because of this simple truth:
When you are trading, price can only move one of two directions, up or down.
At it’s very essence, trading is a 50/50 proposition.
Once you figure that out, it’s a simple matter of cutting your losses short and letting your winners run.
Unfortunately, You’ve Been Victimized By Your Own Desire to Improve Your Trading Skills
But an entire industry has sprung up, dedicated to (allegedly) making you a better trader by teaching you everything you never needed to know about trading and all the component parts.
Indicators (there are hundreds of them), charting software and all the options that go with it, trading time frames, the mental and emotional games related to trading, the impact of astrology (star signs) on trading (and no, I’m not making that last one up)…
And all of this information can be yours if you just sign up for a course that costs $599, $997, $4,999, etc.
I know of traders who have spent upwards of $15,000 in their quest to become better traders and still can’t show two winning weeks in a row. And I have no doubt there are people out there who spent more than that.
Look, it’s not about how much you know about trading. In fact, knowing too much can lead to what experts call “paralysis by analysis” which means you know so much and can see things from so many different angles and perspectives, you can’t make a decision to buy or sell due to all the conflicting bits of information you are processing.
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