Dan Sugar is a third generation Futures trader whose grandfather was at the Chicago Butter & Egg Board for two decades, later becoming the Chicago Mercantile Exchange in 1919. His father, Justin Sugar, started at the Chicago Board of Trade in 1950 and was a broker and trader in the corn, wheat, and soybean pits industry until his retirement in 1982. We are very fortunate to have an experienced trader like Dan as part of our diverse team of instructors. Here are his tips for starting the new year strong and smart.
“Since it’s the second week of the new year, it’s time to review your trading plan. As learned in your classes, a trading plan is super super important to keep you on path and structured. Some of the things that should be in your trading plan are correct position sizing (which means don’t trade too large), risk management (large or small losses, it’s part of the game), and lastly let your winners run and get that 4:1 or 5:1 reward to risk setup. Happy New Year.” Wise words, Dan! Click here to access or begin your Trading Plan. Want to find out more about Dan? Click here!