Bill McCready

Futures Trading: Win or Lose, It's How You Play The Game

You've heard the maxim: "A win is not always a win and a loss is not always a loss." It's true in many aspects of life and particularly in futures trading. Making a profit does not always indicate a textbook perfect trade. Likewise, losing money does not ... Read >

Trading Success Shortcuts

When you're climbing the learning ladder to success (see my article called "The Futures Trading Success Ladder"), that last step is a huge leap! You may find yourself at the "conscious competence" level for a very long time before everything becomes s... Read >

The Futures Trading Success Ladder

First Rung: The Education Of A Trader Becoming a successful futures trader doesn't happen overnight. You don't read a book and Voila! another successful futures trader dazzles Wall Street. It would be nice, but it's just not going to happen. Once you d... Read >

Futures Traders Practicing For Success

"Practice makes perfect," my mother used to say. It's as true of futures trading as of anything else. Before you put your hard-earned cash on the line, you need to practice trading if you want to succeed as a futures trader. Making practice trades allo... Read >

What Is Your Trading Personality?

It's important to adopt a trading strategy that fits your personality. But first you need to define yourself as a futures trader. There are three basic trading personalities: the dominant trader, the detached trader and the dependent trader. THE DOMINA... Read >

Successful Futures Traders Hone Mind, Body

THE IMPORTANCE OF THE PHYSICAL AND MENTAL Just as a craftsman keeps his tools sharp, clean and well organized, so must a futures trader keep his "tools" in peak operating condition. A futures trader's ultimate tools are his mind and his body. Yes, we u... Read >

Sure-Fire Futures Trader Money Loser - Negative Personality Traits

There are certain psychological characteristics that can negatively impact your ability to succeed as a futures trader. Learn to recognize these behaviors in yourself and guard against them. THE CHEAPSKATE TRADER Many people are foolishly cheap. They ... Read >

Futures Trading Methods: Are You A Scalper Or A Swing Trader?

Futures traders come in all flavors but it's basically a Neapolitan world. You can be a scalper, swing trader or a combination trader. Mindset and methodology generally determine in which sector of the futures trading world you'll thrive. SCALPERS Sca... Read >

The Four Key Elements of Futures Trading Success

There are four key elements to achieving success as a futures trader: 1. Self-confidence 2. Discipline 3. Ability to handle loss 4. Profitable trading system 1. Self-confidence If you aren't absolutely confident that you can become a successfu... Read >

Money Management for Futures and Commodity Traders, Part II

A number of qualities are necessary in order to become a successful futures trader. These characteristics can be your keys to success. Some are more crucial than others, but together they form an unbeatable -- and winning -- combination. The Discipline... Read >

Why Money Management Is Vital To Futures Trading Success

Don't Quit Your Day Job - Yet! Success as a futures trader is dependent on your ability to master technique, psychology and money management. Life as a trader can be phenomenally successful, but it can be equally risky, particularly while you're learning... Read >