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.
If you have done this 1 thing then you have approached your trading backwards and you wont succeed… watch video to eliminate this major trading mistake!
One of the most important Stock Trading Tips is that you cant win if you fight the market. To profit consistently in your trading you have to see what the market is ACTUALLY doing and respond accordingly… Too many traders wait for the market to do what they THINK is should be doing… this is a catastrophic trading mistake.
Why you can’t ONLY rely on a backtest when testing your trading systems… Only watch this if you want to avoid blowing up your account!
There are price moves that happen in the Stock Market that are life-changing, these price moves that happen over many months can multiply your account and change your financial future.
For most traders, catching this sort of stock trend is pure random chance… but for the prepared trader… The Enlightened Stock Trader… it is possible to systematically catch these windfall profits.
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?
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?
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.
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.