Who Are You
So far out of 377 posts one has proven popular.
That means the probability of this one being good is 0.26525%.
On the other hand, I'm due.
The "popular" post listed the reason why you should not be a trader.
Perhaps a more positive spin would be to list what a trader is.
A professional trader is a risk manager.
A trader manages risk, all day, every day.
A trader identifies opportunities and exploits them.
A trader only trades when his risk parameters have been met.
A trader does not take all the possible moves in the market place.
A trader misses opportunities in order to preserve capital.
A trader will limit their upside in order to limit their downside.
A trader knows that capital preservation is the first rule of each and every day.
A trader takes a fixed number / percentage of risk opportunities per day / week / month / year.
A trader does not exceed these limits.
A trader only increases these limits as their capital grows.
A trader decreases these limits if their capital shrinks.
A trader is someone who never stops learning, never stops questioning, and never grows over confident.
A trader provides liquidity and price discovery to the market place.
A trader predetermines how much money they can lose in a day.
A trader is a risk manager.
I trade the CME Group's New York Mercantile Exchange electronic crude oil futures contract.
I use Interactive Brokers for data and to clear my trades, Sierra Charts to display the last price in a visually attractive manner, and Bracket Trader to place my order, break even, stop, and target with Interactive Brokers.
I wait until the bids and asks move price into my predefined trend before I place my order.
This is what I do.
My name is Solfest and I am a trader.