You have no control over what the market is about to do...the only control you have is to keep your model in the market during your trading plan hours and execute. Your forex or futures trading system will do the rest and find the profits.
Are smarter traders more profitable? No. Turns out there is one distinguishing common trait though that greatly increases your chance of success
How do you make the trend your friend? You trade directional models with a Higher Time Frame Confirmation. Watch this video to see how we do it in our course.
If you go into trading with the same mentality you have or had during your regular job, you're putting the odds of success against yourself.
When you have developed a trading plan, and KNOW your relevant model information, then you have to COMMIT to the trading plan, and follow your rules of engagement.
Eckhart from the Turtle Traders says in "The New Market Wizards" that when left to their own choices, people are better off flipping a coin than doing what feels good. Find out why, and how to get a trading plan in this video...
Every successful trader that has ever written a book is sending a clear message back to you as a new or struggling trader - the answer to profits lies within - not outside of you.
Every new trader - whether futures trading, forex trading, or stock trading, goes through this or a version of this cycle.
To trade forex, futures, and stocks profitably, you need a belief system embedded in your long term memory. If it's in short term - losses will ensue.
The TaTI Trend Indicator catches the trending moves in the Emini S&P on all time frames. Watch what can happen if you get your emotions under control and trade correctly.
Why do we do what we don't want to do when we trade? The answer is as close as the brain in your skull. Join me to learn why we all make the same stupid mistakes - and learn how we correct those mistakes.
"The inability to follow a proven strategy is high on the list of reasons for failure of the systematic trader" - Robert Pardo. How do we overcome that?
Trading systematically involves basic statistics and probabilities. If you don't know the answers to 6 basic questions, it's only a matter of time before you blow out your account or lose your emotional mind.
If you don't know how to handle the losses of your model, I don't care if it's a 95% profitable model - you will freak out and fail while the system makes new equity highs without you. Watch and see if you have the information about your model that you need to keep trading it confidently.
If you have a rule set, and a trading plan - you can trade confidently and take losers and winners equally. If not, every trade is agony as your mind searches its memories for information on how to act.
When the stars align, you can have more confidence in the trade. We show you some of the tools we use in models that are taught in our classes that generate higher percentage trades based on what we see - not what we think.
Most people don't know that fibonacci levels can be used forward to predict levels of resistance and not just backwards for levels of retracement. When everything lines up - watch out!