I have been self employed and a business owner for over 20 years. I have owned
several successful large companies, with excess of 150 employees. Over the years,
I have invested my money with different brokers and such, with very little success.
I finally decided to take my money management into my own hands. I sold my
business that was demanding all of my attention and I took on the mission of
learning to trade. Being in business for years, I already had a significant amount of
knowledge of the markets, but never had tried electronic trading. After many bumps
and bruises, I finally started to see a clearer way.
Some keys to my success
Accepting Losses
Being a perfectionist, I never wanted to accept losses. I thought that no matter
what, I would beat this market. I took a loss as if it was failure of the system I
was trading.
Take Losses as Cost of Doing Business
Now, I look at losses as the same thing as paying my light bill, a cost of doing
business. Lets face it, there are not too many costs of doing business when it
comes to trading: your computer, a little electric, continuing education and some
software. I take the losses as a part of doing business, and I treat it as such. As
with any business, you try to limit your costs, and maximize your gains, or profits.
Thinking of it this way will help you to continue to pull the trigger, even after you
have paid your light bill, because you know that there are expenses associated
with trading, losses!
Allow adequate time for your trading system to work
Trading systems are not a get rich scheme, and your trading, like any other
business, takes time to start turning a profit. Trading is not about what you profit
in one day or even one month for that matter. Its about how you profit over time.
Months and even years. You want a good system that can give you a monthly
return of 20 to 30% a month on average, over a year. Too many people try to
perfect their system to trade the market in its current condition, only to see it has
changed the next week. A system needs to be proven to work over large time
frames such as years, not days.
Discipline is Key
Understand that you need a system that will allow you to perfect your discipline.
Discipline is key to your success. If you have a trading strategy that pays 70%
profitable trades, it is important that you take every trade that the system gives
you.
Believe in your System
Win or lose, you need to believe in your system, and you need to trade your
system with proper money management. That takes discipline, and that is one of
the most important parts of trading. But also, you need a strategy that will allow
you to be disciplined as well.
What I mean by that is, there are tons of Strategies out there that will give you
70% winners. They give you 4 to 5 to even 10 or 12 signals a day. If that system
pays 70% winners, how are you going to make sure you are getting the same
results? You have to take all signals!!! If these signals are going around the clock,
then you have to trade around the clock because if you don’t take every signal,
you are now gambling.
Do NOT fall victim to the gambling mindset
No one wants to gamble with their money, but that’s what you are doing if you
are not taking all the signals. How many of you have had systems that you will see
clear profitable trades initially, only to enter the next one and it fails. These
systems breed poor discipline, teaching you several bad habits.
Examples of bad habits:
# 1 that its ok just to take random signals from a system, and expect the same
results.
#2 that its ok to sit down and trade all day every day.
One thing that is for sure, you need to learn to stay out of the market when the
time is not right for trading. The times when there is no volume in the market, is
when all these systems give back their gains, and then some.
Take advantage of timing of the markets
ProTraderOnline is a system that allows you to get returns of 20 to 30% a month.
It allows you to be disciplined because it only allows you to trade one time a day,
at the same time every day, and it keeps you out of the market most of the time
when the volume is low. I have worked so hard over the years to achieve a
strategy that will allow me to work for 15 to 20 minutes a day, and allows me to
take every signal it produces, because it signals at the same time every day, not
all night long.
Consistent and Discipline trading creates Success
We trade at the same time every day. I found it so frustrating with other systems
that demanded that you sit in front of the computer all day, only to go have some
lunch, and miss your trade for the day. Lets face it. When you are a millionaire,
do you want to be stuck in your office staring at your monitors all day? I don’t
think so. Well this is what you are here to learn.With ProTraderOnline you will
learn A thru Z ,on how to become a stress-free disciplined trader.
We will show you which platform to use
Trust me, not all platforms are created equal. Why should you lose money
because the mentor you have been using, is getting a kick back from a particular
company to recommend you to use a certain platform? I don’t get or want any
kick back from anyone. I am a trader, and I make my money trading. I am going
to use what ever is the best. Nothing less!
We will explain which Brokers to use
Again, even worse than the platforms, brokers are defiantly not created equal.
These are the things that most people totally over look when learning to trade,
but are the single most important part of trading. Without the right tools, you
don’t have a chance. What’s even worse, are these things are underlying
problems. Things you can’t see that can hold you back, and you will not even
understand why!
We will tell you why, and we will get you straight before the brokers take all
your money and end your career, and you not even understand why?
We will teach you how to set up your demo accounts and your charts
In our members area, we have step by step instructions on how to download the
platforms, and how to connect to your broker, and how to set up your charts.
There are very descriptive explanations, as well as screen shots of every step.
Making it simple and quick to get started. You won’t need to work with your
platform and charts for months to get started.
We will assist you with creating a trade plan
It is very important to make a trade plan and stick to it. You have to believe in
your system, you need a money management plan, and you need to trade your
plan! We will help you create a trade plan that fits your needs and goals.
We will teach you money management
We will only risk 3% per trade. We believe that you need to trade for the long
term. We will assist you in becoming a conservative and profitable trader for
the long term. Too many traders fail trying to get rich over night only to blow
their account with one bad streak in the markets. You can see equity growth
charts on our website that will show you that there is no need to be greedy. You
will become independently wealthy over a short time being very conservative.
We will supply you with our indicators and teach you how to use our system
We have found that a trading system needs to work for years not weeks or even
months. So many systems work well for a few months, only to give back all of the
gains and more the next couple of months. Our indicator will allow you to back
test with ease so you can have confidence in the system. Our strategy will also
allow you to trade the system as you back tested it, because we trade at exactly
the same time every day. You don’t have to worry about missing trades.
You will have access to our live trading room
In the live trading room, we will discuss the day’s fundamentals, and how to act
accordingly. On our website, we recorded all the trades as they were signaled, by our indicators
and recorded them with no regard to news at all. But in our live trading room, we
will refine those signals, and keep you out of some of the losing trades to make
those results even better. I will also be in the room after we have set our trades for the
day, to answer questions, and to help with chart setup and things like that. We will do
our best to assist you in becoming a profitable trader if you are willing to commit to listening and learning.