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89% of futures traders are liquidated in their first month. Here is what the 11% do differently. When I lost $5,400 years ago, it was almost entirely because I thought I was smarter than the chart, trying to catch every falling knife and short every sudden spike. I wanted to call the exact top and the exact bottom like some saviour on Twitter. The market humbled me quickly and brutally. Fighting the prevailing momentum is the fastest way to empty a margin account. Retail traders love countertrend moves because they look cheap, but chasing cheapness in a strong impulse wave is just handing your liquidity to market makers who are happy to absorb your panic.

Trading with the trend works because you have...