It’s a New Year - and there’s definite excitement here about the potential for trading markets in 2018. The second half of 2017 certainly provided some opportunities. Gold first hit a new yearly high before falling more than $100 - then rallying back at the end of the year. The U.S. Dollar’s downtrend continued and accelerated in the final weeks of 2017. And Crude Oil gained above $60 per barrel on the final trading day of the year.
But - all that means nothing if you ignore the number one rule of trading: Always ensure you can trade tomorrow. The moves of today mean nothing if you burn through your capital and can’t capitalize on opportunities tomorrow. Here’s why.