Trade Tip Of the Week:
Standing Aside Is A Position.
Patience Is Important.
1. Standing aside is a position.
2. Client and broker must have rapport. Chemistry between account executive and client is very
important. Pick a broker who will protect you from yourself...greed, ego, fear, subconscious
desire to lose (actually true with some traders). Ask someone who trades if they know a good
futures broker. If you find one who has room for you, give him your account.
3. Sometimes, when things aren’t going well and you’re thinking about changing brokerage firms,
think about just changing brokers instead. Phone the manager of the local office, let him
describe some of the other brokers in the office, and see if any of them seem right enough to
have a first meeting with. Don’t worry about getting your account executive in trouble; the
office certainly would rather have you switch brokers than to lose your business altogether.
4. Broker/client psychology must be in tune, or else the broker and client should part company
early in the program. Client and broker should be in touch repeatedly, so when the time comes,
both parties are mentally programmed to take the necessary action without delay.
5. Most people do not have the time or the experience to trade futures profitably, so choosing a
broker is the most important step to profitable futures trading.
6. When you go stale, get out of the markets for a while. Trading futures is demanding, and can