One of the questions we hear most often is, “What does it take to be a successful trader?” Although many people look for the Holy Grail of trading that works every time, history has shown it likely doesn’t exist. Instead, George Gero, precious metals strategist, vice president, global futures, RBC Capital Markets, says nothing in life is free or easy, so you have to be prepared to work if you want to be a successful trader.
Here are five things he checks every day before making a trade. Check back next week when Gero shares more details on these five and five more in this month’s Trading 101 article.
About the Author
Michael McFarlin joined Futures in 2010 after graduating summa cum laude from Trinity International University, where he majored in English/Communication. With the launch of the new web platform, Michael serves as web editor for the site and will continue to work on the magazine, where he focuses on the Markets and Trading 101 features. He also served as a member of the Wisconsin National Guard from 2007 to 2010. mmcfarlin@futuresmag.com