INTRODUCTION:
The Bad News, The Worse News, The Good News and The Better News First the bad news: best estimates suggest that 90% of individuals who trade commodity futures lose money doing so. Now for the worse news: This estimate may be too low. The sad fact is that somewhere along the way the majority of traders make one or more critical mistakes in their trading, which cause their losses to exceed their winnings. The good news is that the mistakes that cause most losing traders to fail are quite common and readily identified. These mistakes will be detailed in this book. The better news is that by being aware of the potential for making these mistakes and by taking steps to avoid them, you can make a great leap towards becoming a more consistently profitable trader. The information contained in this book will help you to become a more successful trader – not necessarily by teaching you to be a “good” trader, but by teaching you how not to be a “bad” trader.
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