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.
Learning to trade stocks makes far more sense than leaving your money with a Professional Fund Manager – Here is why !!
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.
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.
Carter Lake in Oregon USA is a seriously breathtaking and serene place. Looking at the lake your mind clears and a sense of calm comes over you… something about the deep blue stillness. This is the state you should be trading from – Complete Calm, no emotion , just stillness of mind.
In order to make money trading, you need to allow your winning trades to grow rather than as soon as you get a profit snatching a quick profit and closing that trade out. If you snatch the quick profit and close the trade out, you guarantee that you’re going to get a small win. Trouble is when you get a loss, that loss is always going to be bigger than that small win that you’ve managed to capture.
The trading industry is hell bent on getting you to daytrade so that they make more commissions and can charge you higher fees for all of the real time services… Here are some important reasons to think differently about your trading strategy.
The vast majority of traders don’t give enough consideration to things that can go massively wrong in their stock trading. This is the biggest reason why I am still profitable after over 18 years trading and I have never blown up an account.
Designing and backtesting stock trading systems is a subtle art… many traders focus on the wrong metrics when they are optimizing and refining their systems. Make sure you are not among them!
Have you had trouble getting used to trading with a new trading strategy or trading system? This video will help!