Jan 17, 2017

No Edge, No Trade

At the end of the book I ask the reader, 

"What exactly is your methodology? What defines your trading? Could you explain it in a clear and concise way to another trader? If you cannot answer these questions, you are not ready to risk money in the markets. A trader must be able to write down his or her trading methodology in precise terms." - in Trading Course: How to become a Consistently Winning Trader 

If you cannot answer these questions in a clear, definitive way you must work harder on your methodology by testing new trading concepts, variations of your current method that may improve your backtests, or find a new approach that is more effective in the current market that you are trading. 

When you do not have a trading edge there is no point in entering the markets, risking your hard earned money. Of course, you can make exploratory trades with minimal size but you should conserve your capital for your future ventures with a proven, time tested edge that can be translated into consistent trading profits over time. Be patient, be tactical!

You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature, hitting win after win, and you'll be well on your way to financial independence!

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