You do not need to be super intelligent and use complicated strategies to be a profitable futures trader. In fact, profitable traders just did a few things differently than regular trader.

In this article, I going to share with you a few small tradings tips that have TREMENDOUS boost on your trading performance.

Tip 1: Understand market structure 1st!

One of the reason why traders unable to find high probability winning trades is because they tend to skip this step: read & understand market structure seriously.

Before you move into smaller time frames chart to hunt for trade signals, you must always read the daily / weekly / monthly chart to understand the big picture & current market structure.

Price is either Up Trend, Down Trend or consolidation. These price movement keep repeating over and over again. As traders, it is our first step to a profitable career if we can identify the market structure.

Tip 2: Knowing when not to trade

Maybe this is the most important trading skill. As traders, patience and self discipline are crucial. You must trade like a sniper, waiting only for the best setups. In my earlier year of trading, I often encounter those days when there are no trades signals, I easily got bored and forced myself to enter a trades. Unfortunately then, I lost too much  money when I wasn't supposed to trade .

Then, I came up with a list when I should not trade:

1. When I don't know where is my stop loss.

If this trade do not have  a reasonable risk & reward ratio. Then you should pass.

2. When the price already move away.

If you spot an entry which is too late, don't chase and sacrificing the risk & reward ratio. Remember, cash is a position too!

3. When you look for other opinions

The best trades is right in front you & you very clear about what you should do.

4. When you just want to end the month/week green.

In this case, you must be extra cautious when making decisions It's tend to make an impulsive decisions

5. After a huge loss or profit.

Accept that we are human with emotions. After a huge loss or profit, you should step back and calm down. Emotions trading always screwing up your account.

Tip 3: Be realistic about your profit target

When you are in a good trade, don't simply aim of an unrealistic target. You might end up with a good trade but when thing turning around you left nothing or worst.

Be realistic, look at your chart and look for major support & resistance area.

Lastly, Trading is an journey. You have to make sure that you work on it built your trading career in solid foundation.

If you want a clear idea on how to do it, join our TFM Futures Program where we help you get started and earn consistent profit in Futures market.

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