I am asked this question from individuals very often , and my unequivocal answer is without fail yes. Of course, the level of success that you can attain in day trading is determined by the level of effort, study, and practice you exert learning the material . Needless this to say, an individual who gives a study course perfunctory look over and then charges into trading will not trade successfully . On the other hand, a disciplined student who puts in his or her study and practice time stands an excellent chance of profiting . Your success in trading is completely dependent upon you.

It is often thought that it takes a distinct emotional type to be a profitable day  trader, and nothing could more distant from the truth. I’ve seen a variety of individual’s trade successfully . The variable of most importance is the aptitude to trade the methodology .

I should point out at this point that your natural instincts in day trading will be of little help. The marketplace is not a logical creature; it is in fact a very unconnected creature. The market does not always move north on positive news, and the market does not always move downward on bad news. There are a number of technical reasons for this illogical movement, but the point is unproblematic; common sense is not inevitably a valuable commodity in futures trading.

You must reach the conclusion that the market is inevitably right, and  when you execute a losing trade you are incorrect . Many traders scratch their heads and think “the market did not behave as it should have.”I can tell you that this is a thought process that will lead you to failure . The market is inevitably right, as borne out by the very fact that your trade lost money . How could you be right and lose money? This is a very complicated idea to get into your thought, but once you take in this understand your trading will i get better vastly. There are no absolutes in trading, only probabilities.

It’s important to understand that trading is a game of probability. Some trade setups have a higher probability of success than other trade setups. For example, one ordinary trade may be successful 70% of the time. I would initiate this trade every chance I could. On the other hand, people frequently forget that there is a 30% failure rate on thisusually successful trade. From time to time you are going to fall into the 30% failure rate category. It’s important to understand that this is simply the nature of trading. If you take a sufficient number of 70% trades though, you are going to make a substantial amount of money. Thenature of probability favor you .

There are scads individuals who cannot tolerate losing. And this is the only group of people I recommend terminate trading. You will have losing trades throughout the course of a trading day . I don’t enjoy losing money on any trade, but I understand that losing trades are part of trading . I will also have a greater number of profitable trades if I take high probability setups and inititate them properly. I accept the trading game consists of both winning and unprofitable trades .

To answer my title’s question, many individuals can learn to trade successfully with the right amount of preparation and self discipline. You don’t have to be a college alumnus, or uncommonly intelligent. You need to be able to follow a system consistently. Trading is all virtually consistency and people who can uphold a consistent outlook and approach to trading are usually very successful.

Tags: futures trading, trading

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