Forex

The most fruitful and consistent means to achieve a goal is through stages or steps. Unfortunately, or
perhaps fortunately, our dimension in time and space does not permit thoughts to become actions
instantaneously and, therefore, goals must be attained slowly.
Whether you decide to trade for the short, intermediate or long term, it is advisable that you regularly
withdraw profits from your account once you have reached a certain level of successful performance.
Generally, I recommend 10 to 25% of profits be removed from every winning trade in your account.
This need not be done on a trade-by-trade basis. You can do it weekly or perhaps bimonthly, but
remember to do it!
More speculators would be successful if they approached futures trading as though it were a business.
After a period of teaming and initial cost, a business that reaches the point of profitable operation will
generate income for its operators. The profits are then taken and employed in some other fashion not
directly connected with the business itself. Some of the other profits are turned back into the business
in order to expand its base.
It is the same with futures trading. On occasion, speculators have achieved tremendous initial growth
in their accounts. Lured by greed and the promise of even greater profits, they have plowed every
penny, if not more, back into the market, only to lose it all. When all is said and done, they have
nothing to show for their great efforts.
This is why you must formulate and institute a specific program for systematically removing
a percentage of your profits from your, trading account. This rule is applicable whether you are
speculating for the long-, short- or an intermediate-term time frame.