Three Critical Pieces To Any Successful Trading Plan
Millions of words and thousands of books have been published in an attempt to explain how the markets move and why.
Some authors suggest using advanced mathematics, while others use astrology, and yet more rely on a vast and increasing array of technical indicators all of which are supposed to help you effortlessly rake in piles of money.
But in my experience as a professional funds manager, success in trading comes down to just three simple, but critical skills. And by mastering these skills, you can easily accelerate your trading success and ultimately, increase your profits.
Always Trade In The Direction of the Trend
The first skill is to have a clear and objective means to identify the direction of the trend. As a trader, you’ve likely heard it’s critical to trade with the trend. In fact, it has often been said that, “The trend is your friend.”
There has been much discussion about how to do this properly, but in my opinion, most authors make this out to be much more complicated than it really is.
While other traders focus on using old traditional methods, like moving average cross-overs, complicated chart patterns, Elliott waves, Fibonacci levels, and Donchian Channels, I’ve developed a new, easy, and objective way to determine the trend.
In my own personal use of this, I’ve made millions of dollars for myself and my clients. And after releasing this trend-determining strategy to thousands of other traders, I’ve seen amazing results in their trading performance.
To learn more about how I determine the direction of the trend, watch my “3 Steps To Turning A Trade Account Into A Cash Making Machine” Video. Click Here To Watch The Video
Learn How To Identify Low-Risk Entries
The second key skill is to have a clear and objective method to identify low-risk entries. Again, much has been written on this subject that needlessly complicates this.
In the early days of my trading career, I tested virtually every method and every claim. After much time, effort, and money, I stumbled across a powerful method based on momentum phases that easily identifies low-risk entries that regularly yield profits upwards of 700 pips!
And the good news is that in my experiments of sharing this method with thousands of other traders, I’ve found my results to be very repeatable.
Traders who previously struggled with significant trading losses due to poor entries and head fakes, have turned around results and are now enjoying consistent trading profits.
To learn more about how I identify the best low-risk entries, watch my “3 Steps To Turning A Trade Account Into A Cash Making Machine” Video. Click Here To Watch The Video
Always Use Profit Targets
There are two common problems that plague many traders:
The first happens when they exit a profitable trade too soon, causing them to miss out on significant profits they could have enjoyed if they stayed with the trade while the trend continued.
The second happens when they, unfortunately, hold on to a profitable position too long and watch their profits evaporate when the trend inevitably reverses.
The solution to both problems is in using a simple “scaling out” concept I developed when I was a funds manager.
Not only does it give you the opportunity to take some profit early, but it also keeps you in the market with a portion of your trade destined for further targets and more pips . . . MUCH MORE in fact.
To learn more about how I identify these profit targets, watch my “3 Steps To Turning A Trade Account Into A Cash Making Machine” Video. Click Here To Watch The Video
Trading Success Is Not Difficult
By mastering these three key skills, you can easily accelerate your trading success and ultimately, increase your profits.
I will be discussing the details of all three critical aspects of trading in a special webinar. This is an all-content, no-hype webinar that will reveal the exact strategies I used to make millions of dollars for myself and my clients as a fund manager.
To learn more, watch my “3 Steps To Turning A Trade Account Into A Cash Making Machine” Video. Click Here To Watch The Video