The Futures Trading Mastery Course Part 4 - EXECUTION
Welcome to Part Four of The Futures Trading
Yesterday we discussed how to identify high probability trade setups and what
to look for when trading the market. If you missed yesterday's lesson, you
can read it here.
Today we are going to look at the forth critical distinction between
professional, profitable traders and everyone else...Execution of your trades to
capture the maximum profit.
Futures Trading Coach
The process of filling your order is known as trade execution. Trade execution is extremely important because it tells us where your entry or exit price was.
When we have “fast” markets (also known as volatile markets) we must be very vigilant with our executions. The two main ways to enter or exit an order for execution is by way of market order or limit order.
A market order is an order that is placed at the current price of the market. That does not mean that you will get that price as an execution because in a fast market there is a term called slippage which occurs in very fast markets, more that in slow markets.
A limit order is an order to buy or sell at a specific price. A limit order is also a resting order meaning that when the market gets to your price point your limit order may get executed.
The reason that the order may get executed rather then definitely get executed is because your limit order automatically turns into a market order once the price is reached and then you need to see if enough orders are filled or executed so that you can see if your order is executed.
You will learn from me how to properly place an order so that it has a higher probability of getting executed. The secrets of trading these complex markets lie in your ability to commit to your discipline and trust your instincts.
There is not an “easy” way to trade but there is a smart way to trade and win. I will show you the right verse the wrong and the good verse the bad.
In order execution it is your innate ability to see what the market is doing and watching what we call the price action along with several other factors that make the market act the way it does.
A trader has a responsibility to learn the tools of the trade. This learning process can be a fast one or it can be a slow process. I will put you in the drivers’ seat immediately once you have a full understanding of the markets. Trading is a science but more of an art form.
The difference between a successful trader and one that is unsuccessful can be measured with a 1 inch ruler. This is your margin of error so use it wisely. I will show you what I know and give you over a decade of real experience at your fingertips so that you can propel yourself into the real world of the trader.
You have to ask yourself one major question RIGHT NOW and that is how serious am I about becoming the best trader I can be?
If you use a scale from a 1-10 and you are not at least a 7 then you are wasting your time. The drama game of Wall Street is fast, furious and fun. It is for people who want to better themselves and their family.
Ok, before we finish up today...
Did you book yourself in for
30 Minute Trading Consultation yet?
you don't miss your opportunity to talk with me about how you can get the
trading results you're after. If your results aren't as good as you know they could be, don't put
To grab one of the remaining spots for your Free Consultation, book
yours now by using the form below and together we can work on getting your trading
results up to where you want them to be.
We are approaching Part 5 of The Futures Trading
Mastery Course tomorrow, so put your motivation hat on so that you can get through this part. We will be focusing on “YOUR SUCCESS” as a trader, and why I
can be the biggest asset to you in your trading career.
And if you have any questions about anything we've covered so far in this
course, please feel free to call me on 954-464-4100 or you can also contact
me by email through this form and I'll get right back to you.
This is your day to fully realize your potential that can be made in the markets.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Copyright 2016 Futures Trading Coach
Trading Made Easy LLC
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADE PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF THE HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.