Always Respect The Market (Tony Saliba, Linda Raschke and Mark Minervini)

Three super traders share a very similar market belief - you have to respect the market or face the consequences (a severe drawdown, emotional trauma and a depletion of your trading confidence):

“Always respect the market place. Never take anything for granted. Do your homewaork. Recap the day. Figure out what you did right and what you did wrong.” 
– Tony Saliba, options trader 

"The market is seductive and brutal to those who are weak and undisciplined. There is no alternative to patience and discipline."
– Mark Minervini, momentum stocks trader

"Don`t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rahter than in bursts.” 
– Linda Bradford Raschke, independent trader

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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

Doing a Daily Debriefing of the Trading Session

Successful traders know that a consistent and systematic review of their daily trading activities is the direct path to growing and improving. After the market closes, I like to take half an hour to debrief my trading session.

These are the questions I ask myself and answer in my trading journal:

➢ How many trades did I take?
➢ Did I make any trading mistakes?
➢ How many points or ticks did I take out of the market?
➢ Did I spot any new trading pattern interesting enough to study further?
➢ How was my energy level?
➢ Did I drink enough water during the day?
➢ Did I exercise today?
➢ Did I learn anything new?
➢ Did I find some interesting articles to read later?
➢ Did I come across an interesting trading podcast or book?

The best way to improve your trading is to build on what you have already. An incremental improvement each day will make the difference in the medium and long run.

Besides doing a daily debrief of your trading, you must do a more in-depth review of your trading at the end of the month. What is working well in your trading? What adjustments do you need to make going forward?

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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

BlackRock Goes "All-In" On Systematic Trading

"After years of deliberations, Mr. Fink (CEO of BlackRock) has opted for the promise of the machine. On Tuesday, BlackRock laid out an ambitious plan to consolidate a large number of actively managed mutual funds with peers that rely more on algorithms and models to pick stocks." (in New York Times, March 28th 2017)


Most People Make a Big Deal out of Market Prediction 

The most successful traders do not predict markets—they leave that for financial commentators, economists, and analysts. Consistently winning traders follow the signals generated by their systems, strategies, or methodologies. They get out when their stops are hit or their trading edge is no longer present or active. They do not take profits before their methods tell them to. Successful traders also look for many opportunities to exploit their trading edge; this makes them less likely to experience losing months in their accounts. Most traders do not understand this line of thought. As a result, they try to predict the market direction and fail to achieve the desired trading consistency.

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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões


Momentum Day Traders

"The more momentum type traders are going way. The guys buying and selling very quickly, the black boxes have taken over that area. If you are a trader trying that, start changing your style into a little bit of a longer term outlook. It could even be a 2-hour outlook versus buying and selling quickly in 3 minutes."

Sean Hendelman, CEO of T3 Companies


Changing Market Conditions 

As an old adage says, “There’s no such thing as the goose that lays the golden egg forever.” Market conditions do change. One of the real skills for a systematic trader is to understand when he or she needs to change a trading system or its parameters, adapting it—or even when to abandon it altogether and develop a new one. 

Traders work very hard to find a trading edge that works, and they’ll play it out until it stops working. But they must be prepared for, and even expect, the market to change, and they must know that this unavoidable change may reduce or eliminate their trading edge. That is why it’s so important to look for new ideas all the time and to always be testing new systems and patterns—doing so means you’ll have a backlog of trading edges to work with if or when your current one loses efficiency or stops working. 

One strategy I find useful is to compare the short-run metrics to the long-run metrics to measure a system’s health in terms of profitability. This is one of my favorite trading practices. I am always comparing the short-term performance, distribution of trades, and risk metrics of my trading systems to their long-term metrics. I want them to be as constant as possible, because in trading, you do not need a large edge to run a successful trading business—you need, instead, to have a consistent edge. 

I like to compare the year-to-date metrics (average tick per trade, total dollar win) with the metrics over the last three months and over the last month. What I do is look for evidence of significant deterioration in a particular system. If a system deteriorates too much, I will stop using it until its performance is back in line with its historical data—that is, if it ever recovers those metrics, because often a system’s deterioration is not temporary. 

Be aware that the market may change from time to time and that you may need to adjust your trading edge accordingly or even develop a new one. Charles Darwin said it’s not the strongest or the most intelligent who survive; it’s those who can best manage change. This is very relevant for trading, as the need to always be in sync with what the market is doing implies an openness to change.


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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

Using Volatility as a Trend Filter

What can volatility per se tell you about the current state of the market? When markets start to have big down days, big up days, and a lot of dramatic intraday reversals, it is likely we are in a down trend. A bull market tends to be smooth, slow-paced, and even boring, while bear markets or corrections are emotional and volatile.

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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

Real Trading Example (British Pound Futures)

I recently tested a system on the British pound futures, and while it had a winning rate of 57 percent and an average win similar to the average loss, it gained on average only 2.8 ticks per trade. Considering the commission on that contract, the real edge was just 2.1 ticks per trade. With such a narrow edge, good execution is the key to winning money; a sloppy trader may even lose money using this strategy, due to its razor-thin edge.

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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

Discretionary Traders (How to Know If There Is an Edge Present)

How do you know if you really have a trading edge if you are a discretionary trader? You can see it in the shape of your equity curve. If it shows some consistency of making money without large drawdowns, then over time you can begin to conclude that you have an edge. People who are very good at trading the markets have a high level of confidence, which is impossible to gain unless you have an edge. 

It’s something you have to feel and believe on your own. Unlike in systematic trading, where the metrics of a system prove the system’s edge, it is not something that is definitively provable. 

If you are able to make money with some consistency, with a good control of your losses, you get to the point where you feel you have an edge, and your equity curve confirms that. You cannot think you have an edge if you lose money for a long time—that is insane! 

Even discretionary traders need to have an edge, which does not exist without a methodology. In fact, I have never met anybody with an edge who does not have a very specific methodology.

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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões





Trading: Always Be Looking For New Ideas

Traders work very hard to find a trading edge that works, and they’ll play it out until it stops working. But they must be prepared for, and even expect, the market to change, and they must know that this unavoidable change may reduce or eliminate their trading edge. That is why it’s so important to look for new ideas all the time and to always be testing new systems and patterns—doing so means you’ll have a backlog of trading edges to work with if or when your current one loses efficiency or stops working.

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.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões