How to become a Professional Trader
Posted on July 6th, 2008
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You only need to master one trading setup to be a consistently profitable trader.
Screen time will allow you to master one setup.
After you have mastered one setup “own it ” you can add another setup.
This can be an ongoing process developing your own style.
- The best setup to begin with is the one that you see and understand easiest. If you are forcing yourself to learn a setup because you believe another person is successful using it you may be taking the longer route to profitability.
- We are all different . Our brains and personalities will gravitate to different setups. This is also true of exit techniques.
- Most traders I hear from lengthen their road to profitability by trying to apply too many concepts before owning the first one.
- They have studied a myriad of techniques but have yet to master any. This allows them to talk about trading but unable to consistently trade profitably.
- The first decision to make is; do you desire to be a counter trend trader? or a with the trend trader? Eventually, you can be both.
- At the beginning, or a new beginning perhaps, you will do best choosing to master a setup and follow the trend.
- If you have been at this game for awhile and are not yet consistently profitable you know what I am saying is correct.
- This site contains trading techniques and setups with the intent that it will aid you in creating “your” trading style.
- My personal trading style is a combination of various styles and setups. I trust this website will be an exercise in my personal understanding of my own style allowing all to benefit.
PICK ONE, MASTER IT, BE CONSISTENTLY PROFITABLE
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