And the losers? They risk way too much. They don’t have a methodology. They chase markets. They have a fear of missing out. They can’t keep their emotions in check; they have wild swings between excitement and depression.

Someone else trying to copy my methodology wouldn’t have that conviction.

When you get to within 30% of your target, how do you decide where to raise the stop to? Once it gets to that point, I will use a mechanical three-day stop rule. Exactly what is that rule? Assuming a long position, the first day would be the high day of the

You have to find your own way.

if your goal is to earn a living as a trader, the probability of success is probably only about 1%.

Protective stops are integral to your trading methodology.

futures markets are still commonly, albeit erroneously, referred to as commodity markets, and these terms are synonymous.

places his stops to assure that he never takes a large loss on any trade,

“You make your money in the sitting.”