The most important thing about trading is risk management. It begins by simply setting bounds for what you deem is acceptable or unacceptable to lose in a trade. When trading futures, each dollar should be treated as if it is worth 100x its actual value. If your account is worth $1,000, you should be highly averse to losing more than $10. Having a long-term perspective requires traders to approach each trade with a clear strategy. Winning in small doses over time is vital to building a proper...
