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I used to think you had to be good at maths to be a good trader. While there is a science to trading it definitely is not rocket science. Algorithmic trading is all the rage right now with trading firms and banks who want to hire guys with PhDs in math or applied sciences. But the markets don’t move based on mathematical formulas they move based on the simple rules of supply and demand.

Do you need to be a brainiac to make money in the market. Of course not! What you need is discipline mostly, followed by sound money management and a good method of picking trades. I have written about some of my trades in my blog so be sure to check it out when you have a chance.

DAY TRADING involves high risks and YOU CAN LOSE a lot of money. Commission rule 4.41(c)(1) applies to "any publication, distribution or broadcast of any report, letter, circular, memorandum, publication, writing, advertisement or other literature…."commission rule 4.41(b) prohibits any person from presenting the performance of any simulated or hypothetical futures account or futures interest of a CTA, unless the presentation is accompanied by a disclosure statement. The statement describes the limitations of simulated or hypothetical futures trading as a guide to the performance that a CTA is likely to achieve in actual trading. Commission rule 4.41(b)(1)(i) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

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