Some plants are highly Specialised and can only survive in very narrow conditions… some are robust and can live almost anywhere. You need your trading system to be like the plants that survive everywhere. It doesnt have to make money in every market, but it does have to keep your account alive no matter what happens in the stock market!
There is one way of gaining inspiration for your next trading move that more and more stock traders are forgetting about.
Too many traders try to follow exactly the same indicators, trading strategies and trading systems… this makes most commonly known trading strategies worthless, but it only takes a subtle shift from these common strategies to generate great profits.
Some trading systems are very finely tuned to a particular set of market conditions. The result is they work well for a short period of time and then as soon as the market state changes they lose money rapidly… will your trading system survive a change in market conditions?
Some trading systems are very finely tuned to a particular set of market conditions. The result is they work well for a short period of time and then as soon as the market state changes they lose money rapidly… will your trading system survive a change in market conditions?
I am sitting around bored out of my mind while the removalists pack my house so we can rent it out while we travel for 9 months as a family… I am making a nuisance of myself and getting in the way while I wait for them to clear out the house.
Annoying in the real world, but the same thing happens in the markets when you get bored too… but it is much more dangerous!
In this first episode of "The Great Trading Debate", Adrian Reid from Enlightened Stock Trading debates with Brian McAboy from Inside Out Trading about which is more important, Your Trading System OR your Trading Psychology. Comment below and let us know what YOU...
Did you know that most active traders in the stock market lose money and quit without ever having made a profit? Do you want to know why so that you can avoid it and actually make money trading? My name's Adrian Reid and I'm the founder of Enlightened Stock Trading,...
Great trading systems are difficult to find because trader psychology prevents us from seeing or identifying some of the best edges that are available in the stock market. When you design a trading system your stock market edge needs to be stable and consistent over time, otherwise the trading system will stop working. The key to developing stock trading systems that are stable and continue to be profitable over time is to ensure you take advantage of the psychological mistakes other traders make…which cause them to miss the very best trading opportunities.
Watch this video to learn the two characteristics that all of the best trading systems share!
Video Transcript Did you know that the vast majority of entry triggers that many traders use have absolutely zero predictive value and I know better than random? My Name's Adrian Reid and I'm the founder of Enlightened Stock Trading and I've been a systematic...