Lance Ippolito Shares 5 Tips Every Futures Trader Should Know
                     Lance Ippolito Shares 
5 Tips Every Futures 
Trader Should Know
In the world of futures trading, a successful strategy can mean 
significant profits but mistakes can be extremely costly that's 
why it's so important to have a plan in place before you start 
trading. A successful strategy is essential for safe and 
profitable trading. You don't need to be a master trader to start 
making money trading futures. But you need to know how to 
trade and follow some simple tips. Lance Ippolito shares 5 
essential tips to help every future trader succeed.
Establish a trading 
plan
The key to winning at options trading is 
having a solid plan in place before you 
enter the trade. This means having not 
only a profit objective but also an exit 
plan in case the trade goes against you. 
Lance Ippolito says that the goal here is 
to minimize your exposure to making 
important decisions when you're already 
in a position where any mistakes could 
cost you dearly.
Protect your positions
Committing to an exit strategy in advance 
can help protect you from significant losses. 
Some traders try to use "mental stops," 
picking a price for when they will close out a 
position and minimize their losses but this is 
generally not a very effective way of 
managing risk. Because these flaws are so 
easy to overlook, even the best traders fall 
prey. To make your commitment firm, 
consider trading with stop-loss orders. 
Narrow your focus, 
but not too much
Do not trade multiple markets at once. Most 
traders are better off focusing their 
attention on one or two markets and 
getting to know them in-depth. Remember 
that futures trading requires a lot of hard 
work and time commitment don't bite off 
more than you can chew. Even the most 
experienced traders can find it hard to keep 
track of all the market commentary, news 
stories, and chart updates.
Pace Your 
If you’rter naewd itno tgrading futures, don't be in a 
hurry. There's no reason to begin trading five 
or 10 contracts at a time when you're just 
beginning. Don't make the beginner's 
mistake of using all your money or more than 
that amount for buying and selling lots of 
contracts at once; doing so can lead to 
serious losses as well as large gains. To 
protect yourself against the possibility of 
large losses, you should avoid establishing a 
position.
Be 
Dopna't tbieeconmte too attached to short-term 
movements in the market. Monitor your 
working orders, open positions, and 
account balances but don’t get caught up 
in trying to outguess the market. Not only 
can you drive yourself crazy watching the 
market in this way, but you could also get 
thrown by small zigzags or whipsaws that 
seem important at the time but ultimately 
prove to be meaningless. Try to maintain a 
longer-term perspective.
THANK YOU