Can you be a successful trader when you apply a solid work attitude of focus, get things done, work hard, and move forward?
When you are a trader or investor, you need to act like you are running your own business, not like an employee. Thriving businesses and traders follow a structure that contains multiple elements to cope with the complexities of the markets.
Trading and employee behavior: acting, when required, does not fit. Read on for a structure to establish and follow.
Business Plan
A business plan shall contain the following elements, and we translate this into actions for traders on how to go to market.
| Business Plan | Trading |
| Action Plan (what to accomplish) | Which trades to conduct and which not |
| Financial Plan (Revenue, Margin, Costs, Investments) | How many trades, which risk/reward acceptance, %-risk-based investments, returns, max risk agreement |
| Monitoring (Goals, Score Card, Review, Constant Improvement) | Trading Journal, with review: stopping what is not working and intensifying what is |
Success has a structure, and if you are not applying a structured approach, your chances for a positive outcome will be random. In our mentorship, we write a business plan for trading success with each of our students, providing a guideline to follow and journaling the outcome for constant improvement.
As said: trading and employee behavior: acting only when required does not fit!
Odds Evaluation
Why should you have a chance to succeed in your trading endeavors?
Let us compare a structured business approach and the required action steps for Trading.
| Business World | Trading |
| Compare your offering to others and evaluate your chances to better your offering | Check your system probability to see if you have an edge in setting system-based entries, exits, stops |
| Check your way of going to market to see if it reaches your target clients | Operate with situation-specific risk-limiting trading strategies, not allowing for unbalanced risks |
| Communicate your offering to potential clients | Establish trade finders and be informed about crucial news events |
| Set a price for your goods and services | Invest in a proven system to follow long-term |
We could elaborate on those topics, but the key will be for you to check how you can bring a structure for success into your life as a trader or investor. We use the words trading or investing synonymously, behavior wise the same is required:
- Traders hold open positions for shorter periods (day trading, swing trading)
- Investors keep open positions for weeks, months, years
Hence, we developed a little scorecard, where you see on the left what is needed and on the right what we usually find when we start working with new students:
Trading and Investing Score Card
| # | Requirement | Desired | Usual | |||
| 1 | Following a System long-term | 100% | random decisions | |||
| 2 | System Probability | ≥ 65% | 51% to 55% | |||
| 3 | System-Defined Entries, Exits, Stops | 100% | situational | |||
| 4 | Risk Limiting Strategies | 100% | no risk control | |||
| 5 | Trade Finders (Scanners, Alerts) | 100% | random tips | |||
| 6 | Action Plan | 100% | random decisions | |||
| 7 | Risk/Reward Specification | 100% | nonexistent | |||
| 8 | %-Risk Money Management | 100% | nonexistent | |||
| 9 | Max Risk per Trade | 100% | nonexistent | |||
| 10 | Portfolio Hedging | 100% | none | |||
| 11 | Trading Journal and Review | 100% | nonexistent | |||
| 12 | Aware of Market-Impacting News | 100% | disregarded |
A dozen things to do, but when success has a structure, you know what to work on, or you leave your trading endeavors for a random outcome.
We are long-termers in the trading business and helped many to strive for their trading success and can assure you it is not coming without putting checkmarks on the left column of the above table.
If you like more insights into our way to market, we are happy to send you an article with multiple examples for day trading, swing trading, and longer-term investing.
contact@NeverLossTrading.com Subj.: Success
The name NeverLossTrading derives from the concept of repairing trades: never stop loss trading was a bit lengthy. In no way do we want to promise never to lose a trade, but we propagate high probability trading for retail traders. We have been in business since 2008, helping individuals master the challenges of the financial markets.
In the past, algorithmic trading was solely available to institutional investors, but we put in the work and effort to offer adequate systems to retail traders at affordable rates. Our offering for NLT systems ranges from about $2,500 for TradeColors.com to $15,500 for the combination of NLT Top-Line and Trend Catching, and we work one-on-one with you to apply our systems for your decision-making best.
With NeverLossTrading, all financial markets can be traded, while we mainly focus on liquid markets in the arena of stocks, options, futures, and FOREX. We offer a robust framework of constantly adjusting to actual algorithms that contain an AI component and, with that, recalibrate constantly. Our systems provide broad flexibility because they allow us to scale up and react quickly in different products and markets. The most practical approach for us is to use algorithms to process data and then leave it to humans to make the decisions. Price, volume, and volatility are our data inputs to mathematical models. In addition, we teach various strategies to act on price changes, limiting the risk and leveraging profit opportunities.
The advantage of NeverLossTrading is that it allows for the optimal use of available data and reduces or eliminates the emotional decision-making that can occur during trading.
Our algorithms collect underlying changes in supply and demand to extrapolate potential price moves with system-defined entry, exit and stop decisions.
Trading is learnable: we take a holistic approach considering all crucial elements needed to succeed: It takes multiple dimensions to turn yourself into the trader or investor you want to be, and we support you in acquiring the knowledge and skills needed.
Success Factors for Trading and Investing
NeverLossTrading stands for high-probability algorithmic trading, where you stay in command of pushing the trade opening button: target and exit are systems defined, and you will only act in situations where risk and reward are in a meaningful balance. We are happy 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.
The markets changed, and if you do not change your trading strategies with them, it can be a very costly undertaking.
We are looking forward to hearing back from you,
Thomas Barmann (inventor and founder of NeverLossTrading)
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