I just got back from breakfast with a friend who was lamenting the fact that her husband has gotten into Day Trading Futures. The last time that I saw her, about a year ago, she had been complaining about the fact that he was losing all of their money at the poker tables in the casino near here. She seems to think that Futures Trading is just as problematic as gambling but I think that’s because she doesn’t really understand what Trading Systems are all about.

She’s a great woman and definitely one who is smart but she’s also a woman who really doesn’t know a lot about money. Her idea of being financially smart is just to save as much money as she can to have on a rainy day. While there’s nothing wrong with having a savings strategy, this isn’t necessarily the best approach to generating a big savings account.

It’s true that she has some reason to be concerned about her husband’s new interest in day trading. That’s because he seems to be a lot more impulsive with money than he should be and is the kind of person who would make uninformed choices when day trading, choices that could lead to financial harm. But my advice to her was that she should get to know what this trading thing is all about because her caution with money and his willing to risk money could be combined into a great trading strategy!

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