IN TRADING, AS IN life in general, hindsight is 20/20.

"It's easy to see your mistakes after you've madethem," said Scott C. Benner, director of fixed-income trading at First Interstate Bank, Los Angeles. "The hard part is catching them beforehand."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.