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Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets, Fourth Edition by George Kleinman

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2. How to Become a Successful Trader

“Let it be known that we’re all just tumbling dice, and the outcome of this crap shoot’s hard to see.”

—John Mellencamp

So, you want to make money trading?

Looks easy, but if it truly is so easy, then why do the great majority lose money? What is it that the profitable traders do that most other traders don’t?

Believe me, this game of trading is no piece of cake. I’ve studied successful traders and, as a result, refined my personal approach over the past 30 years. My studies have revealed that successful traders throughout history tend to share common traits, and I’ll share them with you shortly. However, I’ll start by mentioning that there are respected theorists (like Nassim Taleb, author of Fooled by Randomness ...

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