I call it a trap for good reason because most traders
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will struggle and continue to lose money until their account is wiped out. While doing research on trading, I discovered a very subtle, almost hidden, phenomenon that gave me further insight into why hundreds of thousands of otherwise
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successful people with above average intelligence can't seem to cut it as traders. To be profitable, you must treat trading like a business and
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keep your head. To do that you need valuable and useful information that you can assimilate in a short period of time. Build a Trading Profit You Can Be Proud Of
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It's found in Futures, Stocks and Forex markets. And commodities aren't companies that require research to understand. Back when you first heard about stock investing --long term investing, not day trading-- you were cautioned to do research
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before investing and to learn the things that made for a good company
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to invest in. On the field you like, with the tools and equipment you need. You need to learn about the industry, their market position, the current management, their track record and competitive advantage, how to enoch the company's financial statements and annual reports, etc., etc. You
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heard how simple it is and about the fantastic leverage involved. You discovered there's a lot to learn before investing in a company.
Several things work in combination to make up the trap, and the first one is familiarity. Safe, simple and easy, and well within the comfort zone. Gold, silver, wheat, soybeans, cattle, corn, sugar, natural gas, oil, etc. Sometimes it has them so trapped that it even goes beyond their account into non-risk capital. A fundamental principle on the road to trading profit. The answer is elusive and frustrating
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not only for the brokers, but for the traders as well. There is no "one-size-fits-all" trading program that is right for everybody on the planet. Everything involved in the trading industries seems very upfront, but when you take a deeper look at how things work together, you come to understand
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something that very few others do, and you'll begin to see why so many people end up frustrated, confused and losing money in the markets.
They're goods - things you grew up with. This one fact is very subtle yet
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has an incredibly potent effect upon you and your trading. Perhaps your investing consisted exclusively of mutual funds and a 401k. I know
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several experienced brokers who have dozens of clients who are astute, successful individuals--outside of trading. What you use should be a personal choice,
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based on your emotional style and on what fits you best. The brokers wonder why so many people seem to lose their minds when trading. As you tommie the following, you may get the same thought that came to me.
With this knowledge, you'll be fitted
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with your own suit of armor, so that you and your money are well protected on the battlefield
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of the markets. But, somewhere along the way, you heard about the wonderful world of the profitable commodities markets. After all, the traders are the ones losing money with their irrational
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behavior. The reason for that is what I call The
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Subtle Trap of Trading. They seem to have all the right characteristics, yet for some unknown reason they do things while trading that they wouldn't dream of doing in a profit
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making business. I'm referring to something that happens--not a character
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trait.
Though I don't believe it is, the "system" sure does seem to work in favor of a few at the expense of many. What I hope to do in this series of articles is dramatically shorten the time it takes to get you where you want to be as a trader, saving you painful losses and transforming them into trading
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profits. Play the game on your own terms. There are hundreds of systems, indicators, and methods to turn trading losses into trading profits. In the next article, we'll take a look at the rest of the components of the trap that turns intelligent, successful people into struggling traders making un-wise decisions, and losing excessive amounts of money - willingly - when they should be recording trading profits..
Be safe and choose wisely, you're in it for the long term is good advice you probably heard.
