#1 – Learn To Think Independently
It can be tempting to copy someone else’s trades, but only YOU know your level of experience and what you want to get out of trading futures.
#2 – Never Stop Learning
Even the most experienced traders know that there’s always room for improvement. Continue to hone your skills by learning from respected traders, reading up, and watching educational videos.
#3 – Know When To Pivot
Sometimes you may need to adjust your strategy if it isn’t working. Although it’s not easy to acknowledge, it can be necessary in order to progress.
#4 – Manage Your Risk
Risk is inevitable in futures trading, which is why it’s important to create a solid risk management strategy and have stop losses in place. It’s also important to continually review your strategy
#5 – Don’t Make Mistakes Based On Emotion
A huge part of being a good trader is mastering your emotions and learning to make decisions based purely on logic and data rather than fear, FOMO, or greed.