The Source for
Trend & Position Trading
think trading strategies are as vulnerable to not working if people know
about them, as most traders believe. If what you are doing is right, it
will work even if people have a general idea about it. I always say that
you could publish trading rules in the newspaper and no one would follow
them. A key is consistency and discipline."
The Holy Grail
Traders have always dreamt of that magical formula that would enable them to beat the market and create fortunes. They are forever looking for The Holy Grail. Since time in memoriam, the trading arena has been littered with the carcasses of poorly informed traders. They pursue false Grails and end up financially ruined.
There are Holy Grails used by successful traders. Successful traders do have trading secrets. These are secrets not because few of us are aware of them, but because very few us use them. These secrets are basic stock entry, exit strategies and great money management.
If you are pursuing fortunes by using complicated formulas, expensive trading systems or secretive computer systems where the rules are hidden, you will lose.
What you need is an easy to understand trading system that improves the odds of making money. You need a system that has been proven to work in all types of markets. Trend trading systems that are being given away at ARBTrading.com have been proven that they work because they have been used fordecades. Trend trading systems applies the same logic that the all the successful traders use to improve their odds of winning. You need to eliminate your losers and keep your winners. Read that last sentence again. In fact, it should be your winning mantra - Eliminate your losers and keep your winners.
If you want other trading secrets consider the following:
Trade Like a Business. How does anyone approach business if they are serious about becoming successful? They do their research; they learn; they make a plan: they work their plan; they take responsibility for their own decisions and actions. Whether you trade as George Soros or Warren Buffett, the key to success is to run your trading like a business.
Your Business Plan is Your System. Follow it. Create a trading plan and set goals for your trading. Keep statistics on your progress. Measure results. Don't make excuses.
Think Long Term. Your trading is not about short-term gains over a few days. If you are going to trade, then trade for the long term. Write down your trades. Keep a record of your actions. Learn from your mistakes.
Act Responsibly: Keep track of every detail of your trading. This will create discipline and confidence.
Take It Seriously: Doctor spent time and money to learn their medicine. Surgeons do not wonder about what to do during an operation. They know what to do from beginning to end. They have a plan. Every trader must plan every detail of the trade from how to enter to how to exit; from what to do during market meltdowns to computer meltdowns.
Work Hard. If you want to make bundles of money you will need to put time in to learn the only rule of trading: Run your trading like a business. If you do, you have found the Holy Grail and fortunes will be yours.
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