My thoughts before the year ends and some Christmas gifts!
It’s that wonderful time of year again that brings together friends and family but also a time to reflect on what we did in 2018 and for many it will feel like it went by in a flash!
We also look to the future and start planning for 2019 and all the good things we want to happen. If you are a financial trader you will probably be getting the feeling that the markets are very unsettled for a multitude of reasons but this presents an abundance of opportunities as we can trade and be profitable whether the markets go up or down.
Whatever 2019 brings, the most important thing is to know that whatever we are trading, our strategy needs to work in all environments.
There are infinite ways to trade and we all need to find what style works best for us, whether this is day trading forex, swing trading individual stocks and so on. But the only thing that ultimately matters is how successful we are at trading. In other words are we getting the financial rewards we desire?
I used to trade all the markets from forex to indices and was relentless in finding out what worked and what didn’t and eventually had the realisation that ‘less is definitely more’
So I decided to day trade and master just one market and eliminate everything else.
I defined everything from the most strategic place to enter the trade, where the stop loss needed to be so the price had enough wriggle room to move (without hitting the stop too early) and importantly where to bank the winners.
You can see exactly how I do this with a powerful strategy I created as a Christmas Gift in this free training:-
I developed a precise way of delivering consistently profitable results, keeping the losses small and getting big wins.
I wanted to have something that was simple to follow but highly effective when implemented. The WIN to Loss ratio also needed to be above 80% on all meaningful trades.
Most of all, I knew that once I had forged really good habits and had a system that consistently made me money I just needed to follow it with monk-like discipline.
So now I use 3 simple but strict rules on entry and exit.
1) Only enter a trade when my signal is triggered which is set in the best place for maximum reward for minimum risk
2) Never take the money on your winning trades too soon by having clearly defined, strategic targets where to bank the money at the optimal time before the price reverses or you get the signal to close
3) A clearly defined exit point to avoid holding on to losing trades when they were no longer valid and locking in profits on winning trades in strategic positions
By following these three simple rules, you have the key to growing your money from an acorn to an oak tree
Once I had my system purring with consistently profitable results every single month and the trading account compounding nicely, only then could I start scaling by increasing the trade sizes.
This is a methodical process, playing the long game using the power of ‘Compound Interest’ proclaimed by Einstein as being the Eighth Wonder of the World.
So no instant thrills of making and losing thousands in one go that could blow up your trading account at any time!
Just a simple, mechanical and repetitive process of growing money incrementally by following the same system, knowing that time is the magic ingredient that makes Compound Interest so powerful.
So I know the amount that needs to be made at the start of each month using my Compound Interest Trading Calculator. I have lots of free training how this works but ultimately it gives a disciplined and organised way to make money every single month.
As another free Christmas gift you can also have the Compound Interest Trading Calculator that I use myself every day. You just need to message me and this will be sent to you. It really helps to keep you on track to achieving your financial trading goals.
Last of all, if you are a financial trader that needs some help in making 2019 your best year ever or just someone who has never traded and keen to want to know how they can start, you can schedule a free breakthrough financial trading strategy session by clicking on the link below
There are only so many hours in a day so the free strategy sessions are strictly limited and on a first come, first serve basis!
All that’s left to say is Merry Christmas and all the best for a safe, happy and prosperous 2019.
Best wishes, Adam