Page 15 - Futures Money Machine-Study Session #6
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McDowell’s Tips …
• Try to avoid thinly traded markets and fast markets at first. You are taking-on a lot of new
information and you need a solid understanding of how futures work and the methodology
before implementing it in real markets.
• I suggest that you paper trade for a while before you put your real money in the markets. It is
always different with paper than real money however, you will need practice. Just remember,
the markets will be there tomorrow.
• A very common question is. “What contract are we supposed to trade?”
• I normally trade the contract with the most volume in it. However, if we are flat in a market like
in a “price channel” and I am anticipating a trend soon, but I see that the lead month will be
changing soon, I may choose to trade the next contract month out so that I do not have to roll
the futures contract over during a trend.
