The Truth of the
Matter
The Bad and the Ugly
Do not be fooled by the
bad and the ugly who will try to persuade you to believe that successful futures
trading on a consistent basis is easy and requires little work. We consider
ourselves professional traders, and we promise you, its very challenging work
that requires a great deal of skill, knowledge, discipline, persistence and
hard work. That still doesn't mean we make money on every trade, because WE
DO NOT. The markets are constantly changing and nobody ever has all the answers
or pieces to the puzzle. The only way you can make money on a consistent basis
trading futures is to have an advantage or edge over the majority of other traders
in the market. However, that edge may not be enough, and even with an edge,
a small mistake can equate to a big loss! Statistics clearly show us that greater
than 80% of the public lose money trading futures. This has been a well established
fact for some time now. The 80% lost by the public, funnels into the pockets
of the 20% who are able to profit from their trading. Important research has
been done to understand why the public tends to do so poorly at commodity trading.
One of the main reasons appears to be related to the publics tendency to try
and forecast the markets. The key to being a successful futures trader has less
to do with your ability to forecast a markets low or high and more to do with
your ability to follow the market and understand what the market is telling
you on a day to day basis. To profit on a consistent basis, you must be patient
enough to only trade when the probabilities are in your favor. Before you can
accomplish this, you must understand all the different variables which determine,
control and make up the probabilities in the market at any given time. Although
this may sound simple enough, the truth of the matter is, it takes a good deal
of time to learn and requires a great deal of skill.
There are many fakes &
phonies out there who claim they have the magic key to the market which unlocks
some secret that enables them to make BIG money very easily only spending a
few minutes a day at it. We are not going to bother with mentioning their names,
but you probably have some idea who these fakes are. We call them the "Bad
& Ugly". They are the ones that tell you profitable trading is easy
and you can begin with as little as $1000. That is a ridiculous claim in our
opinion. Remember, these fast-talkers and slick walkers who come along and tell
you it is easy to make money in this business either have no idea how difficult
trading can be, or they have decided to mislead you into believing this is easy,
but of course only if you purchase their wonderful programs and methods. The
truth is, most of these fakes do not trade themselves. Rather they spend their
time selling you their marvelous books and tapes or charging $80 or higher commissions
per single trade! These are the frauds, the fakes and the phonies you have to
watch out for.
Profitable trading is EXTREMELY
difficult and NO TRADING SYSTEM CAN GUARANTEE you positive results. The markets
are constantly changing and what worked today or yesterday may not always work
tomorrow. The most brilliant minds in the world are focused on this puzzle.
Even these brilliant minds (e.g. Long Term Capital) do not always get it right,
and they too are prone to losses.
So
Remember..... If
it sounds to good to be true, it probably is!
The Good will tell you the Truth
about Trading
If you want to become a
successful commodity trader, be prepared to put in the work. Consistent success
in this business is RARE. Sure we get a few hotdogs from time to time who get
lucky and think they figured something out, but before long they go broke. In
the end, only a few become consistently successful in this business. If you
are serious about becoming a professional futures trader, membership to our
trading system can provide you with the edge needed in this business. A trader’s
passion is the markets. This is a business, and must be treated as such.
Some people claim you do
not need to follow the markets that closely to make money. Some people claim
you can just drive around in your limo and call in orders on your cell phone
without even bothering with doing any research, or that you can just watch TV
or read the newspaper and forecast the markets accurately and consistently.
Some people claim that making money in the markets is easy and requires hardly
any work. We are proud to say that we are not one to mislead you into believing
this is easy. It's NOT! It is very difficult as we hope we have made clear.
However, some people are successful at it. If you are fascinated with the markets,
and have a great passion to trade, then you owe it to yourself to at least investigate
the possibility that this business just might be right for you. However, don't
expect to make money at it right away, and have other means for making money
as well or other sources for cash (savings, stocks, other businesses, real estate).
If you are interested in
finding out more you can email us, and we will take the time to respond with
a detailed answer. Just click on the link below. Good luck in all your trading!
floyd@upperman.com
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