Four Rules followed by the University of Trading Traders:
1. Work the plan you prepare. Have a trading plan for the expected and the unexpected;
2. Pay the price to succeed!
To be disciplined is to have rules of trading; To be disciplined is to adhere to your rules of trading; And, to be disciplined is to have strict rules of departure.
3. Always, make your second trade first; know your lean!
( Know where you are getting out of the market before you get in the market. In most cases, your lean will be a losing place in the market, so be prepared )
4. In the beginning, new traders must get out of losing trades and winning trades quickly. ( Upon mastering the aforementioned, begin to slow up the process and practice getting out of the market a touch slower on the winning side of the market )
About Me
- Mickey Hoffman
- Chicago, Illinois, United States
- Dr. Mickey Hoffman, a registered trader and broker with the National Futures Association, is a 30 year member of the Chicago Mercantile Exchange. In 1992, he founded the University of Trading for the sole purpose of introducing students to the career of futures trading. His extensive background in education and trading enables him to provide his students with an experience that is truly unique. Dr. Hoffman was a successful high school and college athlete, high school teacher, head coach, vice principal and summer school principal . His experience as a trader, broker, teacher, futures and options firm owner and author enable him to teach, counsel, and guide inexperienced students and experienced traders. Mickey enjoys working with new students as well as those who who are having a difficult time trading. Many have called Dr. Hoffman a "LIFE COACH"!
