You can make money in volatile market conditions caused by world leaders, geopolitical events and uncertain economic conditions. But you cant keep trading the same way as you do in a bull market… nor can you let fear get the better of you and dump everything and go short.
Bold marketing claims for trading advisory services, indicators, traders wanting to manager your money or trading systems can be tempting… but appearances can certainly be deceiving, as I found out in Milan.
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The Solution is to take control of your stock trading, backtest everything for yourself and become an independent and systematic stock trader.
In this video I talk about the Trading Mistake Responsible for Countless Blown up Accounts.
The process of developing your own trading system can be quite daunting, especially the first few times you do it. It gives rise to so many questions:
– How do I convert my ideas to trading systems?
– Is my trading strategy sound?
– What is the best process to develop a system?
– Are my rules profitable?
– Is my trading edge stable?
– Are my rules robust?
– Have I optimized my rules correctly or are they curve-fit?
– Is my code accurate and realistic?
Are you amongst the countless traders who are stuck learning about the market but have not yet made the leap to start trading for yourself?
If that sounds like you then chances are this 1 thing is what you have been missing!
Where do the best trading lessons and trading ideas come from?
Chances are if you are struggling then you are looking in the wrong place…
What Trading Lessons, realisations and System ideas have you had when you are going about your daily life?
Do you want to make more money trading? Chances are your first impulse to make more money is to find more trades, trade more often, look at the market more regularly.
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Unfortunately the markets dont work like this. The markets are counter-intuitive Im so many ways and if you want to make MORE MONEY then you probably need to TRADE LESS often. Watch this video to find out why.
Most traders try to get into new stock trends TOO EARLY – find out why in this video. Stock trading system development is a series of trade offs, and most stock traders get this trade-off wrong. The fear of missing out drives you to want to enter early, but the downside is too many false entry signals.
New traders lose money and quit because of their behaviour in the markets. This is not usually intentional… but it is the behaviour of the trader that causes it. You wouldn’t go into the water scuba diving without first following a safety checklist to make sure you don’t drown. So why would you not follow a safety checklist before you enter the market?
Momentum is critical to your stock trading success. Not market momentum, personal momentum! The biggest thing I find that slows momentum in traders is overwhelm about all of the ways they could trade the stock market.
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There are countless stock trading indicators, trading strategies, instruments, trading systems to choose from. Unless you get completely clear on your stock trading objectives this can be overwhelming… and trading overwhelm causes inaction which leads to huge opportunity cost and loss of future wealth.