For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believe there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature? Part of the reason would be because they are smart enough to know it does not exist. Fortunately for Professional traders the dreamers who do believe in a holy grail are plentiful and once one trading account is blown up along comes two or three other dreamers to replace them.
Successful trading requires extensive ongoing
education, repetition of what you have learned, a back tested and
written trading plan explaining your trading style, risk management
rules, a well-capitalized trading account, plenty of free time to
analyze the markets both post and pre market, discipline to follow rules
and the list goes on.