Monday, July 7, 2008

SETUPS


You only need to master one setup to be a consistently profitable trader.

Screen time will allow you to master one setup.

After you have mastered one setup "own it " you can add another setup.

This can be an ongoing process developing your own style.

  • The best setup to begin with is the one that you see and understand easiest. If you are forcing yourself to learn a setup because you believe another person is successful using it you may be taking the longer route to profitability.
  • We are all different . Our brains and personalities will gravitate to different setups. This is also true of exit techniques.
  • Most traders I hear from lengthen their road to profitability by trying to apply too many concepts before owning the first one.
  • They have studied a myriad of techniques but have yet to master any. This allows them to talk about trading but unable to consistently trade profitably.
  • The first decision to make is; do you desire to be a counter trend trader? or a with the trend trader? Eventually, you can be both.
  • At the beginning, or a new beginning perhaps, you will do best choosing to master a setup and follow the trend.
  • If you have been at this game for awhile and are not yet consistently profitable you know what I am saying is correct.

  • I will present a "Chinese Menu" of trading techniques and setups with the intent that it will aid you in creating "your" trading style.
  • My personal trading style is a combination of many styles and setups. I trust this website will be an exercise in my personal understanding of my own style allowing all to benefit.

PICK ONE, MASTER IT, BE CONSISTENTLY PROFITABLE

DO IT NOW


Note:Taken from www.trading-naked.com ..hope u like it


1 comment:

  1. Numpang lewat om, excuse to pass :D bahasa inggrisnya gitu kali ya... om artikel yang saya komentari ini saya kopas ya, buat reminder saya. boleh kan om?

    ReplyDelete

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