Profit By Skipping Out, 3

This is the fourth of a series of articles started July 10, 2006 (article entitled “The Simplest Way to Increase Profits “). This series of articles is about increasing profits from trading by abstaining from trading when losses are likely to occur.

Do you use a computer for trading? What if your computer gets a virus or gets infected with spyware? What if you keep getting those annoying popup ads as you try to enter an order? Or worse, as you try to cut losses with a manual stop loss order?

Do you have anti-virus and anti-spying software running on your computer? And if so, are they set so stringently as to slow down internet transmission? Do use them, but don’t set them so high as to disable yourself from trading. Check with your broker’s tech support on this.

Do you have a second computer that you can use as a backup in case you throw the first one out the window in frustration? Or wreck it by spilling kiwi juice on it? And is your second computer configured for trading and ready for use in trading immediately?

Traders beware! Check out your equipment every day both as to hardware and software functionality. Ensure your equipment is in good operating condition BEFORE you start your next trading day. Also, have that second computer fully loaded with the same software program(s) that you use for trading on the first computer.

If you’re not yet ready with the proper equipment, then skip out on trading until your equipment is ready. You’ll save yourself trading losses so that your Net Trading Profits go up. Recall the formula:

Net Trading Profits = Wins – Losses - Costs

We'll chat again tomorrow...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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