Do you find yourself entering trades ONLY to have the market immediately move against your position by 5, 10 or 15 pips? Wouldn't it be nice to cover the dealing spread shortly after entering most of your trades rather than suffering in a negative dealing range and hoping price would move in your direction, soon?
Question: Trading Psychology and Understanding the market aside; what are the two most important components of realizing profitable trades?
Wrong Answers as indicated by typical traders:
"I Know! Don't use stops, because I always get stopped out!" NO!
"Should I try using one technique one day, and if that doesn't work, then try another idea the next?" NO!
"Double down if I'm losing on my trades?" NO!
"Stare at a short timeframe and trade with momentum, because it looks like it will keep going and it feels good?" NO!
"Do the same thing every trade and if it wins, it wins, and if it loses, it loses, but I will win in the long run?" Absolutely not!
THE CORRECT ANSWER
Understanding how, where and why to find an optimal entry point and effectively manage your trades once you are in the position.
In this one-of-a-kind interactive webinar, I will reveal how professional traders enter into their positions and how they manage their positions for consistent profits.
This is often an overlooked aspect of trader development. In my estimation, I see approximately 98% of novice and intermediate traders doing the exact opposite of what a professional traders do.