In trading, as in gambling, you are acting with a likelihood of a chance to win or lose money. However, there is a considerable difference between those two, and we will help you not to trade with a gambling mindset.
A trader finds a structured way to make sound and repetitive decisions and prevents the following gambling attitude issues:
- To not carefully control how much they put down or risk
- Having an urge to trade and being unable to stop
- Becoming emotionally affected by single trades: Winning trades make you feel powerful and happy, while the opposite is true, and a losing trade makes you feel lousy.
Unfortunately, novice and experienced traders do not train for an attitude or habit change needed to succeed in the profession; thus, they struggle and never make it to being consistent traders. There is a process to achieve consistency in trading that can be learned and followed; however, you need to dedicate yourself to a new decision-making basis and habits to make this change happen.
We use the words traders and investors synonymously; traders hold positions in shorter terms like intraday or multiple days, investors in various weeks, months, or years. Habit and action are the same; in shorter-term trading, you have less time to form sound decisions.
The financial markets offer an excellent opportunity to earn stable returns. However, if trading endeavors were easy, nobody would ever go to work; however, they are learnable.
Multiple variables are crucial for controlling trading consistency, and we like to guide you through those and put together a graphic that lists the essential elements for trading success:
Vital Elements for Trading Success
You do not want to follow the crowd and learn classroom style. Trading concepts and plans need to be tailor-made for your specific wants and needs so that you can execute them at your best available days and times. In more than ten years of trading education, we have not found two traders with the same risk tolerance, affinity to assets, times of the day and week they are available, the income they want to make, account holdings, etc.
Hence, you need a mentor and concept to develop your decision-making basis on which you repetitively decide.
We translate this into a simple action:
“Let the chart tell when to buy or sell.”
However, if it were that easy, everybody would make money in the financial markets: The difference lies in the type of chart and indicators you base your decisions on.
Let us put a simple chart together that represents the overall stock market development:
Market Analysis by the NeverLossTrading Top-Line Chart
The above chart highlights the E-Mini S&P 500 Futures contract price development from June 6, 2022, to September 6, 2022, on a daily chart, as a point of reference for the overall stock market development. In addition, we highlighted four trade situations and will discuss the appropriate decision-making:
Situation-1: On June 9, the system painted a sell signal (sell > $4,014.8). The price direction was confirmed in the price movement of the next day and led to a short trade. Dots on the chart showed the first and second targets of this trade. If a trader desired to trail the trade down, he would use the red line of the red frame.
Situation-2: A bottom price turning point got indicated, expressed by the orange buy signals.
Situation-3: Strong buy signals were confirmed, leading to an upward price move that could be trailed by the red line of the blue frame around the price move: NLT Double Decker study.
Situation-4: A price turning point at the top (orange signal), followed by two more sell signals confirmed.
Our charts offer a straightforward and effective way to analyze the overall market and its direction. When you consider that about 75% of the stocks’ show price moves in tune with the overall market, you know what to do and can act by letting the chart tell when to buy or sell!
Shorting stocks will not be allowed if you trade from an IRA; however, you can either operate with reverse ETFs or deal with the NLT Delta Force Options Concept.
Our blog and YouTube channel hold many examples of systems and decision-making points.
If you want to learn more about what we are doing and offer to you, write an email to:
contact@NeverLossTrading.com, Subj.: September 2022, and we take one hour of our time to talk to you and see if what we offer is a fit!
We calculate one hour at a value of $400.
Do not miss out; schedule now!
There are rules to learn, and we will spend time together learning how to decide based on our indicators and setups.
Let us share an overview of learning elements to take away from our training and coaching sessions, which vary based on the system you choose, from four to twenty hours of teaching.
Summary of learning elements:
- Acting with a system probability > 65%
- Mechanical rules for entry, exit, stop
- Trade at perfect moments only
- Consider overall factors, patterns
- Risk and reward in an acceptable balance
- Risk-averse trading
- Holding positions to target
- Do not add to losers
- Stick with a trading strategy. Follow a business plan – action plan and financial plan
- Trade for meaningful price moves
- Systematic trading
- Having a mentor to learn from
We also help you to journal your trades. Such a journal provides excellent feedback on how you are developing, and you find a perfect example in this article on our Blog: How to Control Your Trading Results
To succeed in trading, you best work with an experienced coach and learn much about trading. Our #1 competitive advantage is the support and customer service we offer. We work one-on-one with you to specify what we teach to your specific wants and needs; hence, if your knowledge base is not expanding rapidly, you are doing something wrong.
Ongoing education and mentoring are crucial to longevity in this business. Veteran traders have been through more ups and downs than you can imagine. So, experienced pros have probably experienced it whatever you’re going through.
If you are ready to make a difference to your trading:
We are ready to share our experiences and help you build your trading business. Trading is not a typical career, and you best learn from those who are long-term in this business to cope with the rollercoaster of the financial markets. We are here to help and provide feedback on what you might be doing right or wrong.
Strive for improved trading results, and we will find out which of our systems suits you best.
We are happy to hear back from you,
Thomas Barmann (inventor and founder of NeverLossTrading)
Disclaimer, Terms and Conditions, Privacy | Customer Support
No comments:
Post a Comment