Let’s talk about safe trading. Futures Trading. Follow me a minute and you will understand. When you drive a new ride and push it too hard, some predictable things will happen. We have proven over and over the mistakes that new futures traders make. When you are new to futures trading it can be like driving a High-Performance car. Take it easy until you know the car and the track.
There is risk in all endeavors, and you need to know your limits. If you want success in your financial goals, read on. Just like driving a new race car, we at the S&P500 Trading Group know the errors everyone makes, and we prepare you for the bumps and the turns in the track.
Don’t risk a mistake until you have trained and trained some more.
You need to finish the course and not wreck out. We call this risk management and risk analysis.
This ATV on the right was driven past its limits trying to keep up with more experienced drivers. This is common for new traders also.
When the side by sides 1st came out; there was a small learning curve. Actually a large curve. In stock form, we wanted to see how hard can you push this ATV and still make it to the finish line. The learning curve was steep.
Well, we found out; and ended up on our side or upside down too many times. Futures trading follows this same track.
Risk is Necessary, But You have to Know Your Limits
If you did these same things and you were not wearing a helmet or seat belts, you may not be reading this. This picture could be on your tombstone. So, the lesson here is; if you’re going to push past your limits, make sure you have a safety net of some sort. Make sure this will not be your last ride. You never risk too much money on 1 trade.
Things happen fast when you are new to a track or a piece of equipment. Even after you work out the bugs in your driving style; you still need to wear a helmet and seat belts. In trading, we set upper and lower limits according to your level of training and how much you intend to risk. Helmet and belts.
The most important skills you will learn as you drive one of these is how hard you can turn. How fast can you turn and what happens when you brake in a turn. See some items that look alike in that last sentence?
Going in a straight line is easy. When you attempt a turning maneuver is when the fun starts. I can assure you, futures trading can be exhilarating and rewarding. It can also be dangerous if you don’t have the proper training and skills.
When you don’t have the experience or necessary training, you can easily push too hard. Sometimes you will see a trade that looks good, but it’s out of range or doesn’t quite fit the road rules. FOMO is the fear of missing out. This alone has wrecked many a traders’ ambitions and successes. Don’t let fear or inexperience throw you off track. Don’t let emotions override your training.
Want to know how to get the right skills and training and not go bust as most futures traders do their 1st year. Follow me on the right path but don’t just rush down a trail following the expert in front of you. This is how the top picture was made. Thinking I could follow an expert on an unfamiliar path. The guy in the hat with his buggy on its side was just inexperienced on this trail. He learned and made the climb later that day. With help and guidance.
Futures Trading done properly is so rewarding. And yet the risk is too much for many people. This is where we excel; in the S&P500 Trading Academy. We have the best instructors that are truly looking out for you. Our instructors are seasoned traders and industry experts. We first teach capital preservation and risk management. This teaches you not to take risks and helps you to keep your money, not lose your money while you are learning.
You first train and then train some more before we turn you loose behind the wheel. Even then, we want to ride shotgun and discuss your turns, your breaking, the accelerator, and much more. We want you to be safe and keep your money safe while you learn. Then we let you try a solo run and we do an after-action briefing to see how you feel and what did you learn.
It’s your money you use and we want you to be safe. In fact, we want to offer you a no-cost lap or two with our Trading Academy. Come for a visit to our online school and see how we train the best. See that there are no gimmicks and the rewards are real.
You can set your financial goals and we can show you how to reach them.
The Founder of the S&P500 Trading Group is a veteran (enlisted) and knows the value of education. If you have reached this site, you probably notice were are focused on education and learning.
This particular site was started for former military and Law Enforcement. We honor their service and sacrifice and want to help them as they transition to a new career. A career with awesome possibilities. We understand the challenges of vets and LEO’s as they move forward in their career. Let us help.
Dr. Cast has obtained scholarship money through his company for these individuals. This scholarship money is for veterans and Law Enforcement; so please tell us when you call, that you are former LEO or Veteran.
This is part of his commitment to helping returning veterans establish a stable and rewarding career. Also realizing our Law Enforcement Officers face many of the same challenges.
We want you to be financially independent and can show you how to get there. This is our way to honor your service to our country. Thru the years, we have found veterans have many of the skills needed to be a great futures trader. Lets Talk.
“We’ve Got Your Six”