{"id":8572,"date":"2020-07-28T16:07:36","date_gmt":"2020-07-28T20:07:36","guid":{"rendered":"https:\/\/optimusfutures.com\/tradeblog\/?p=8572"},"modified":"2020-07-28T16:07:36","modified_gmt":"2020-07-28T20:07:36","slug":"day-trading-futures-benefits","status":"publish","type":"post","link":"https:\/\/optimusfutures.com\/blog\/day-trading-futures-benefits\/","title":{"rendered":"The Benefits of Day Trading Futures | 14 Skills and Attributes Successful Traders Develop Over Their Trading Career"},"content":{"rendered":"<p><strong><em>This article on Day Trading Futures is the opinion of Optimus Futures.<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/optimusfutures.com\/tradeblog\/wp-content\/uploads\/2020\/07\/The-Benefits-of-Day-Trading-Futures-1.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-8587\" src=\"https:\/\/optimusfutures.com\/tradeblog\/wp-content\/uploads\/2020\/07\/The-Benefits-of-Day-Trading-Futures-1.png\" alt=\"\" width=\"2240\" height=\"1260\" \/><\/a><\/p>\n<ul>\n<li>Day trading futures is as much a mindset as it is a discipline.<\/li>\n<li>Developing day trading skills is as much a mental game as it is a matter of accumulating knowledge.<\/li>\n<li>Day traders respect \u201crisk\u201d and know it as intimately as possible, like a partner (whether it&#8217;s coming from the market, from oneself, or out of pure randomness).<\/li>\n<\/ul>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>Day trading is an advanced topic, especially when it comes to day trading futures (leveraged instruments that are inherently riskier than most non-leveraged assets). You should definitely know something about day trading in general, but you shouldn\u2019t attempt to day trade futures on a consistent basis unless you feel you have the advanced skills, experience, and mindset to do so. It\u2019s sort of like skydiving. There are mental and psychological benefits to skydiving. Still, jumping out of airplanes isn\u2019t for everyone, as there are significant risks.<\/p>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>By the same token, we are not here to advocate that you make day trading a profession. Sure, there are day trading benefits that can be gained, but you first should have a clear perspective on what that means. It\u2019s not \u201cwork when I want\u201d, \u201cearn as much as I want\u201d if that\u2019s your impression of a professional day trader. It\u2019s not that easy. It\u2019s quite a challenge, in fact. One fraught with many risks, frustrations, losses, and for a few, some rather sizeable profits.<\/p>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>Although this topic is for advanced traders who have plenty of short-term trading experience , new traders should read it anyway, if only to help decide whether they want to engage in this activity or steer clear of it altogether.<\/p>\n<h2><div class=\"su-spacer\" style=\"height:10px\"><\/div>When Day Trading is Gamified, Only the \u2018House\u2019 Wins<\/h2>\n<p>Day trading has been gamified and turned into a social media sensation with a bunch of \u201cGurus\u201d that come and go daily to convince a new generation of the benefits of day trading. The art and science of day trading is lost to \u201clifestyle\u201d, impulsive and FOMO type behavior.<\/p>\n<p>This is not how one should be inspired. (Besides, have you seen these many of the gurus\u2019 \u2018live\u2019 trading accounts? You would be surprised&#8230;hint hint).<\/p>\n<p>As nice as it may sound, to the contrary, there is no such thing as \u201ceasy money\u201d.<\/p>\n<p>Day trading provides the illusion of a level playing field: you know&#8230;the market treats everyone equally, all you need is an internet connection, a trading platform, and a good methodology or system. No, the reality of the market does not quite work that way. To trade well, you need <em>insane<\/em> skills.<\/p>\n<p>The mental benefits of day trading come as a result of confronting challenges while putting your capital at risk. Now, this doesn\u2019t mean that your capital will benefit, but it does mean that your experience will. There is simply no substitute for experience, no matter whether you make gains or take losses (as long as you don\u2019t completely blow up your account).<\/p>\n<p>Experience in this case is real (not paper) transactions of buy and sell.\u00a0 Practical experience shows you that thinking logically would potentially be rewarded with desirable outcomes while being impulsive and biased depletes your resources and puts you either in the hands of \u201cluck\u201d (meaning, you were lucky to make a gain for such bad trading) or down the common pitfall that all bad traders fall into.<\/p>\n<p>Day trading does not require only technical skills but <a href=\"https:\/\/optimusfutures.com\/blog\/5-traits-successful-futures-traders\" target=\"_blank\" rel=\"noopener noreferrer\">personal attributes which are essential for complex decision making<\/a>.\u00a0 Below is a list of characteristics you need to develop in order to be a successful day trader. If you do not have these skills yet, you need to work really hard on acquiring them.<\/p>\n<h2><strong>14 Skills and Attributes Successful Traders Develop Over Their Trading Career <\/strong><\/h2>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>1: Quick Thinking | Getting Instant Feedback On Your Actions<\/strong><\/h3>\n<p>Day-traders get immediate feedback on the decisions they make. Some day traders place hundreds of trades per day, and the results could potentially accelerate their learning ability as they learn fast and frequently as to what decisions work and what does not.<\/p>\n<p>The situation that results in positive outcomes could be carried over to the next trading sessions. The same applies to the negative results that provide great feedback on your trading skills or personal attributes.<\/p>\n<p>For example, if you are not logic driven, overly impulsive, and unable to analyze risk and reward under pressure, you likely won\u2019t be able to succeed in day trading; you won\u2019t acquire the necessary day trading skills to acquire the day trading benefits that\u2019ll allow you to continue successfully day trading futures.<\/p>\n<p>Day trading will teach you how important it is to control your emotions and to stay cognitively sharp. It also highlights the tension between cold decision-making and\u00a0 \u201cgut\u201d intuition, as both can conflict. Most importantly, day trading teaches you to think <em>before<\/em> you act.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>2: Day Trading Futures Makes You Well Rounded<\/strong><\/h3>\n<p>Day trading does not require you to be good just in one thing. Day trading skills are multifaceted and far reaching. Instead you become a person who is engaged in studies of risk and reward, logic, psychology, and mathematical probability&#8211;not in a theoretical way but in a pragmatic sense.<\/p>\n<p>You can\u2019t be the \u201cbest\u201d in all these fields, and you may be better in one domain over another, but you still need to develop workable day trading skills in all these domains. If you are numbers-inclined, that brings a certain strength to the table.<\/p>\n<p>If you are typically calm under stressful situations, that\u2019s another personal skill that may serve you well. Know your strengths, but be sure you can at least have enough workable skills in all other necessary domains.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>3: Day Trading Futures Develops Your Reasoning Skills <\/strong><\/h3>\n<p>The majority of us think we make good decisions, but in reality, we make decisions based on poor assumptions or intuitions which are emotionally driven or uncritically biased.<\/p>\n<p>Day trading futures is essentially a puzzle of variables and you have to apply logic to put all these pieces together.<\/p>\n<blockquote>\n<h4>You are up against the market, and you need to figure out sentiment, mood, direction and how to tackle it by placing transactions in the right direction.<\/h4>\n<\/blockquote>\n<p>Logic also tries your patience, because you have to wait for all the right conditions to \u201cmeet\u201d.\u00a0 If you are patient, you may have an advantage over impulsive people who over trade, often afraid to miss out on the next move (FOMO). Ultimately, if you go about it diligently and prudently, there are many day trading benefits to be had.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>4: Day Trading Futures Develops Discipline\u00a0 <\/strong><\/h3>\n<p>There are no undisciplined yet successful day traders. Day traders are extremely disciplined and have learned to eliminate the destructive traits that prevented them to achieve day trading excellence.<\/p>\n<p>You need to develop a set of very unique day trading skills to be a\u00a0 day trader, but it does not matter how skilled you get, if you do not have the specific kind of discipline to trade intraday, you will not get to the level of mastery in day trading futures without discipline and self control.<\/p>\n<p>Day traders are not \u201ctrigger happy\u201d but instead they wait for their setups and avoid price temptations. They avoid market conditions they do not understand, and they can stay out of the \u201cgame\u201d for as long as necessary.\u00a0 They don\u2019t criticize markets with the same old \u201cthe market is rigged\u201d, \u201cthe market is wrong\u201d (all of them excuses) and the \u201cthe players don\u2019t understand the economy\u201d.<\/p>\n<p>In short, they don\u2019t blame others for their own flaws (something that most people, trader or not, tend to do). All these reactions are emotional, and that is the one thing they do not wish to do. Instead they have self-control; at levels, most day traders only wish to achieve.<\/p>\n<p>The social media-created image of Day Traders is an image of a glam lifestyle (that lifestyle is more of a \u201csham\u201d image). In reality, day traders are not that dramatic and quite frugal. Day trading futures shouldn\u2019t be thrilling; in fact, a proper trade can be quite boring.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>5: Day Traders Focus On Long Terms Results<\/strong><\/h3>\n<p>Day traders focus on Positive Expectancy. Their focus is not necessarily time-based&#8211;minutes, hours, days or weeks. This gives day trading a completely different outlook.\u00a0 They are not short sighted, and a profitable day or a losing day is not a reason to feel \u201chappy\u201d or \u201cdepressed.\u201d In fact, their winners are associated with relief.\u00a0 But that could be an entirely different topic.<\/p>\n<p>You could make money despite bad decisions (it&#8217;s called luck), but if you do not have the edge of positive expectancy, you will not come out positive in the long run.\u00a0 Your goal as a trader is to have Positive Expectancy over Negative Expectancy. This means that <em>each trade as a single trade should not play a role in your success of failure<\/em>.<\/p>\n<p>This also means that part of the discipline above is to take each trade set up. If you have the set up or levels and decide not to be in the trade based on feelings, you will soon realize that not taking a trade has a cost.<\/p>\n<p>In day trading, any trade missed can mean a loss if only through opportunity cost.\u00a0 Opportunity cost removes the potential for positive expectancy. When odds are in our favor, you take the trade!<\/p>\n<p>The discipline of day trading teaches that lost profits are <em>objectively<\/em> the same as losses.<\/p>\n<blockquote>\n<h4>Not taking a trade when the odds are in your favor is the same as taking a trade when the trades are against you. Both are losses.<\/h4>\n<\/blockquote>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>6: Day Trading Futures Makes You A Better Decision Maker And Risk Manager<\/strong><\/h3>\n<p>As a day trader, you keep an eye on potentially huge risks. For example, you may think you have great odds in a given trade, and you may think of going \u201call in,\u201d but logic and discipline tells you there could be a variable that you didn\u2019t consider or an event that may bring your trading career to a halt if you are too leveraged.<\/p>\n<blockquote>\n<h4>Day traders do not put their careers at risk. They understand that winning is a function of many transactions, and not a periodic gamble.<\/h4>\n<\/blockquote>\n<p>Pros always keep at the back of their minds the one-off event they couldn\u2019t anticipate. In light of this, they balance their approach.\u00a0 They know they can only control the size before the trade, and they trade according to that. Pros don\u2019t have crystal balls; <em>they don\u2019t need them<\/em>.<\/p>\n<p>Professional day traders respect the market by respecting risk. They assess complicated situations and ask themselves these questions:<\/p>\n<ul>\n<li>What does the market think?<\/li>\n<li>What are other traders doing?<\/li>\n<li>What is the probability of the market going up or down?<\/li>\n<li>Am I being realistic now?<\/li>\n<li>How much do I stand to win or lose?<\/li>\n<\/ul>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>That is their way of staying grounded in reality.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>7: Day Traders Know How To Adapt to Different Scenarios And Be Flexible<\/strong><\/h3>\n<p>Beginners ask professionals \u201cHow do you handle this situation? Or this situation..?\u201d or \u201cWhat do you do when\u2026?\u201d Yet, they don\u2019t like it when they get the answer: \u201cit depends\u201d.\u00a0 The reason is that amateurs don\u2019t understand context. Day trading futures without understanding context can be fatal to your account.<\/p>\n<p>How so? Context makes you ask the question \u201cHow is this situation different?\u201d Amateurs place the same importance on every scenario.\u00a0 Professionals with seasoned day trading skills always adjust their thinking and positions because the market is always changing. It changes volatility, ranges, direction, and bias.<\/p>\n<p>A trader may get into a trade with odds in his favor while 5 minutes later the odds change, warranting an exit. They don\u2019t just sit there and wait for their profit to turn into a loss; they know how to exit when the edge is gone.<\/p>\n<p>Let\u2019s use an example.\u00a0 A Pro day trader decided to short the market because the trend was bearish for the day, and then an immediate sharp violent trend to the upside began. The trader now needs to assess whether a trend has reversed or if stops were hit, squeezing out the \u201cshorts.\u201d Ask a trader one day and he may say it\u2019s a short squeeze and another day he\u2019ll say the trend reversed.<\/p>\n<p>Again, the context of the market will dictate: Size of the move, how long the reversal lasts, and how it correlates to the price action that day.\u00a0 Day trading makes you adjust to new situations by evaluating them minute by minute.\u00a0 Day trading forces you to cope with a lot of change in a short amount of time.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>8: Day Trading Futures Teaches You That It Is Ok To Lose (and to Not Take It Personally) <\/strong><\/h3>\n<p>You can lose far more trades than you win. Either way, you can end up with a net gain or loss.\u00a0 Losing sessions and losing streaks are just part of day trading. If you need to break even faster than the market wants to give it to you, this could lead to more losses.<\/p>\n<p>Successful day traders accept losses and continue to trade a solid, patient game: Not adjusting size or adding to losing positions if it\u2019s not part of the strategy, and not letting their emotions or impulsivity take over their trading.<\/p>\n<p>The difference between winning and losing can sometimes boil down to \u201cparalysis effect\u201d resulting from an inability to calculate the odds.\u00a0 They let their small losses paralyze them, preventing them from taking potentially winning trades.\u00a0 This is how they max out their losses and minimize their wins.<\/p>\n<p>Professional traders know the average losing streak of their game and understand that while there are no guarantees, the market could also hand them favorable conditions that are in line with their method.<\/p>\n<p>Short-sighted thinking and an inability to understand the fluidity of win\/loss ratios, can lead to internal conflicts that can disrupt one\u2019s trading.<\/p>\n<blockquote>\n<h4>The amateurs rely on luck, while the pros rely on cold calculation.<\/h4>\n<\/blockquote>\n<p>Pros do not take conflict personally. Sadly, many amateurs never learn this valuable lesson.<\/p>\n<p>When you play against the market you could be \u201cbluffed\u201d, and its part of the game of day trading. How you react to these events will determine your success, because your mental capital is just as important as your financial capital. Day trading teaches you not to take self-destructive actions because these are the actions that drain your energy and remove your focus.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>9: Day Trading Teaches You That You Must Plan<\/strong><\/h3>\n<p>Amateur day traders either do not plan, or they do not plan well. They rely on their impulses and habitual behaviors. Professionals plan on many levels and across various time periods.<\/p>\n<ul>\n<li>Tomorrow\u2019s day session<\/li>\n<li>The current environment<\/li>\n<li>The short term trend<\/li>\n<li>The long term trend<\/li>\n<\/ul>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>When you plan as above, you should not be surprised by the actions of others. These actions make you set objectives and react to situations whether the market is in your favor or not. This planning will also allow you to be aggressive when your levels are spot on, taking a more of a risk-on approach when the situation calls for it.<\/p>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>Day traders think like chess players. \u201cI will do this, and if the market does this, and I will do that!\u201d\u00a0 This way, you set clear goals, think of what other markets players might do, plan the actions that will move you toward your goals, and always know the rationale behind your moves.<\/p>\n<p>Day trading makes you think of contingencies. Not just one contingency, but multiple ones, as the market is fluid. This means that while prices can go up and down the rhythm of the market can change, and price fluctuations and trends can accelerate and decelerate (momentum).<\/p>\n<p>Day traders consider a wide range of possibilities. Should something unexpected happen, they know how to react. Keep asking \u201cWhat if?\u201d way before it happens.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>10: Day Traders Know How To Avoid Deceptive Market Moves<\/strong><\/h3>\n<p>Fear and greed move the market, but inside fear and greed you find the concepts of FOMO (fear of missing out).\u00a0 Sit long enough in front of your screen, and during a quiet move, you will see the market spike up or drop just to return to normal. These movements&#8211;largely market noise&#8211;are deceptive, triggering emotions, making you think that an inconsequential move is an important one.<\/p>\n<blockquote>\n<h4>Learn to identify market noise on your charts and avoid it at all costs.<\/h4>\n<\/blockquote>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>11: Day Trading Futures Makes You Competitive<\/strong><\/h3>\n<p>If you decide to become a trader or investor, you have to be somewhat competitive. Day traders, especially, recognize that the main reason they win or lose is often a matter of competition. If you are not better than your fellow day traders, you lose, period.<\/p>\n<p>Many traders do not know how to evaluate themselves and how well they fit into the world of day trading, so they may go for many years without knowing where they stand. It\u2019s all in your P\/L.<\/p>\n<p>Competitive day traders gather as much information as possible because they know that day trading is, interestingly, an information management skill.<\/p>\n<p>Pros win by taking advantage of uninformed players who rely on amateur decision making.\u00a0 Zero Sum Game (Minus Commission).<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>12: Day Trading Futures Keeps You Focused <\/strong><\/h3>\n<p>Day traders can\u2019t afford distractions. Distractions cause expensive mistakes, not only in Futures day trading, but in life as well. There are small mistakes that are part of the game, and there are large, foolish, and uncalculated mistakes can mean \u201cgame over\u201d for your trading career.<\/p>\n<p>One of the bigger mistakes is overreacting with a large position to a given event. If you made that trade with the right size, and made a mistake, it would result in a small and harmless loss. Making that same mistake with an overleveraged bet can often be catastrophic.<\/p>\n<blockquote>\n<h4>Focus makes you analyze your mistakes better. Never trade tired, unfocused and with the wrong frame of mind.<\/h4>\n<\/blockquote>\n<p>The right perspective teaches you to trade \u201cby the book\u201d, but it also gives you the flexibility to trade better when conditions are in your favor. And, when you have the right perspective, you don\u2019t let anyone affect your opinion. Not a \u201cguru\u201d, broker, chat room, forum, etc. Perspective gives weights to information that affects your trading.<\/p>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>13: Day Traders Don\u2019t Try To Predict The Future. They Prepare for and React to Events. <\/strong><\/h3>\n<p>This is a concept that is hard for beginners to understand. <em>\u201cWhat do you mean you don\u2019t predict? Are you not trying to predict the price?\u201d <\/em><\/p>\n<p>Price prediction is oversimplification of any type of trading. As in the famous words of Yogi Berra, \u201c&#8217;It&#8217;s tough to make predictions, especially about the future&#8217;.\u201d Obviously, this is because we can\u2019t know the future.<\/p>\n<p>Day traders prepare for and react to price action based on their odds. They\u2019ve graduated beyond the simplistic way of thinking that an event is always a 50\/50 (it\u2019s not). Yes, prices can only go up or down, and it\u2019s a 50\/50 chance but what leads to the rising prices or declining price are not 50\/50. For instance,\u00a0 at the start of a recession, where the markets are about to begin a new bear market, the odds of price reaching new highs in the near-term are less than 50% (obviously).<\/p>\n<blockquote>\n<h4>In the end, your method tells you the odds. When you stop thinking like an amateur day trader you don\u2019t use terms like \u201cmaybe\u2026\u201d or \u201cseems like\u2026\u201d you say \u201cOdds are\u2026\u201d.<\/h4>\n<\/blockquote>\n<h3><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>14: Day Traders Understand Risk And Reward <\/strong><\/h3>\n<p>What\u2018s uniquely interesting about the markets is that they can reward \u201cbad trading\u201d for a prolonged period of time. It\u2019s called blind luck. Lucky amateur traders might think they \u201cgot it\u201d.\u00a0 They trade large positions, long and short, and they rake in profits.\u00a0 But sooner or later, these wins are transferred to calculated traders who might have not collected as much during these periods but played the same old consistent long-game while calculating their risk and reward.<\/p>\n<p>In the long run, you can\u2019t win the game of day trading without accurately assessing risk and reward. Another way to think of risk and reward is cost and benefit analysis.<\/p>\n<p>Risk and reward is calculated on each trade, and on large numbers.<\/p>\n<p>In day trading, your \u201cwin rate\u201d can be low, but your positive net pay off can be more than your losses; a net profitable scenario. Again, you need to be a long term thinker, focusing on your profits and losses over time, not just on the number of winning and losing trades. Here is an example:<\/p>\n<ul>\n<li>Total loss per trade $50 occurring 40% of the time<\/li>\n<li>Total win per trade $120 occurring 60% of the time<\/li>\n<li>This means that for every dollar lost you make back<\/li>\n<li>($120X0.6) + (-$50X0.4) = 72-20=$52<\/li>\n<\/ul>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>This means that your average trade is wining $52<\/p>\n<p>Do this 100 times and you win $5,200. Etc.<\/p>\n<p>But what if you lost 65% of the time an average of -$60 but won 35% of the time an average of $120? Are those favorable odds? Yes, it is.<\/p>\n<p><strong>Here\u2019s the calculation:<\/strong><\/p>\n<p>(probability of win * average win) &#8211; (probability of loss * average loss)<\/p>\n<p>In this case, (0.35 * 120) &#8211; (0.65 * 60) = 3<\/p>\n<p>Anything above 0 is considered profitable odds.<\/p>\n<p>These are simple ways to calculate risk and reward. Sophisticated traders use these, adding additional metrics to give themselves an edge.<\/p>\n<blockquote>\n<h4>In our experience at Optimus Futures, most day traders fail to properly calculate risk and reward. They just expect that most of their trades to work out. If you want to go pro, you\u2019ll have to get past this basic flaw.<\/h4>\n<\/blockquote>\n<h2><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>Conclusion<\/strong><\/h2>\n<p>Day trading has become a popular and accessible financial activity. This should encourage you, because there will be many players who think that day trading is simply buying and selling based on intuitions and feelings. Be different, be methodical, be disciplined, and be educated.<\/p>\n<p>As we mention in this article, NOTHING beats experience, but these guides here along with the study of your methods should help you tremendously. With enough practice and experience, you can quickly move from being a <a href=\"https:\/\/optimusfutures.com\/blog\/professional-futures-trader-1\" target=\"_blank\" rel=\"noopener noreferrer\">dabbler<\/a> (trading as a hobby), to a <a href=\"https:\/\/optimusfutures.com\/blog\/professional-futures-trader-2\" target=\"_blank\" rel=\"noopener noreferrer\">serious trader<\/a> who has developed formidable day trading skills, to an<a href=\"https:\/\/optimusfutures.com\/blog\/become-a-professional-futures-trader-part-3\"> independent pro<\/a>.<\/p>\n<p>Remember, day trading futures is <a href=\"https:\/\/optimusfutures.com\/blog\/learning-how-to-trade-futures\" target=\"_blank\" rel=\"noopener noreferrer\">not a matter of seeking perfection<\/a> but a matter of exercising diligence in pursuit of excellence. Day trading futures benefits are attainable. But its pursuit comes with risk&#8211;so, as the saying goes, <a href=\"https:\/\/optimusfutures.com\/blog\/how-to-manage-risk-in-futures-trading\" target=\"_blank\" rel=\"noopener noreferrer\">manage your risk<\/a> and your profits will take care of itself.<\/p>\n<p>Need assistance in developing a day trading strategy? Try reading our <a href=\"https:\/\/www.optimusfutures.com\/futures-trading-guide.php\" target=\"_blank\" rel=\"noopener noreferrer\">Comprehensive Guide to Futures Trading in 2020<\/a><em>.<\/em><\/p>\n<p><strong><div class=\"su-spacer\" style=\"height:10px\"><\/div>There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article on Day Trading Futures is the opinion of Optimus Futures. Day trading futures is as much a mindset as it is a discipline. Developing day trading skills is as much a mental game as it is a matter of accumulating knowledge. Day traders respect \u201crisk\u201d and know it as intimately as possible, like [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":14967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-8572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-online-futures-trading","category-trading-tips-and-strategies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Benefits of Day Trading Futures | 14 Skills and Attributes of Successful Traders<\/title>\n<meta name=\"description\" content=\"Day trading futures requires technical skills and personal attributes. Here is a list of characteristics you need to develop in order to be a successful.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/optimusfutures.com\/blog\/day-trading-futures-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits of Day Trading Futures | 14 Skills and Attributes of Successful Traders\" \/>\n<meta property=\"og:description\" content=\"Day trading futures requires technical skills and personal attributes. 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