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    How to Master Trading Performance
    How to Master Trading Performance
    How to Master Trading Performance
    Ebook113 pages1 hour

    How to Master Trading Performance

    By J. Thune

    ()

    Read preview

    About this ebook

    I wrote How to Master Trading Performance to give beginners some simple actionable easy to use investment and trading ideas for writing their own rule based trading plan which will give them an edge to their performance over the competition in the live financial markets. All of the techniques presented in How to Master Trading Performance are simple enough for total beginners with zero experience to use in order to begin making money right away. If you're already ready investing and trading live and are struggling or losing money the techniques in How to Master Trading Performance can help you to turn your trading around.

    The live markets are a harsh and challenging environment to work in to say the least and the better tools you have the more money you will make. The simple strategies in How to Master Trading Performance are not for the weak minded or inexperienced and will perhaps challenge you to go against everything you may have studied thus far in your trading career. The methods in How to Master Trading Performance can be used as a baseline and if employed properly will give any trader some ideas on how to build their own rule based trading plan which is unique to their style of investing and trading.

    How to Master Trading Performance will be a valuable resource for beginner investors and traders who wish to expedite their learning curve and begin making money from investing and trading right away versus spending a lot of valuable education time and perhaps losing a lot of hard earned money from not having composed a rule based trading plan, the idea is to start small and build on success.

    The concepts presented in How to Master Trading Performance work on any market in any time frame and are not hard to employ and build into a working rule based plan that makes money consistently and will also help you to avoid the stress as well as the fear and greed which are inherent of working in this business and is a must read for any brand new self-directed investor and trader. The only thing you are in control of in the live market is how much money you don't lose and investing and trading with a rule based plan is the edge you'll need to compete with the top traders in the world.

    LanguageEnglish
    PublisherJ.Thune
    Release dateSep 24, 2018
    ISBN9781386151432
    How to Master Trading Performance

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      Book preview

      How to Master Trading Performance - J. Thune

      How to Master Trading Performance

      10 Techniques to Make Unlimited High Profits from Trading

      By J. Thune

      Copyright 2018

      Who this book is written for and how to use the information

      How to Master Trading Performance is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any self-directed traders success in the financial markets trading ETF’s, equities Forex, or futures.

      Use How to Master Trading Performance as an overview or a guide if you will, to what techniques to study and learn to give yourself an extra edge over the competition to become consistently profitable investing and trading in the financial markets. I give you concise information as to what techniques to learn first and what to look for as far as further information is concerned. I tell you only the most critical Low Risk High Profit Techniques to learn first because those are absolutely the most important and the ones that will make you money right away if you do them.

      If you need to study each thing one at a time so you can fully grasp it so be it. You do not need to be in any hurry, the market is always going to be there waiting to give you a chance to make money. You can start trading today on as little as $500 capital to start with, it doesn’t mean you should though, you should plan to be well funded and well educated and practiced before you enter the live financial market and use your hard earned real money. You can use the techniques I tell you about in this book to take yourself to the next level with your investing and trading.

      The information in How to Master Trading Performance can give you a head start on furthering your education and training learning curve and get you on the fast track to making real money right away in the live financial markets. It will be up to you to follow the advice in the book though. There are lots of decisions to make before you even learn any of these techniques and principles and you must have a firm grasp on all of the beginner information that you have had to study so far. Again I will say, I recommend you take your time and learn to do this business the right way from the first day because the result of not doing so is that you can lose all of your money quickly, much less time than you took to learn investing and trading.

      There are links to some references in the book which I have made clickable for your ease of use. All you need to do is click on the link and it should take you directly to the information in the reference, all clickable links were live as of the writing of this book. I encourage you to do more research on your own after having read this entire book once or twice. You will not be able to digest all of the information this book on advanced techniques provides in one reading as a self-directed beginner.

      Here is one more tip I will give you before you get going. If you are going to day trade and trade live with real money and you have only been studying investing and trading for less than one year I recommend you only trade a micro account. You can do this on an account size of as little as $500 dollars to start and still be in the live market making real trades with real money. You won’t make a lot of money however it will give you a taste of the live market environment both good and bad. If you want to try to earn as you learn this is the only way you can do it.

      <<<<<>>>>>

      Table of Contents

      Who this book is written for and how to use the information

      Do you want to win be right or make a lot of money?

      A review of the critical importance money management

      New traders are preconditioned and information herded from the start don’t be that trader

      Always follow the path of least resistance

      Front run the smart money to make higher profits

      Using probability boosters puts the probabilities in your favor

      Patience, probability and persistence will shift the odds in your favor

      Ways to have positive outcomes on trades as a self-directed trader

      You need to always look at the bigger picture using MTF

      3 principles that will help you win more trades – large PM, correlation, confluence in signals

      VAR will give you an advanced edge over the competition

      End of day trading is easy money trading

      Develop a "smart plan"

      Overcome your fear of pulling the trigger on a live trade

      You don’t need indicators to make unlimited high profits

      My final advice to self-directed traders looking for an advanced edge

      The sheer brutality of trading as a beginner

      Extra links

      Glossary

      Disclaimer

      Do you want to win be right or make a lot of money?

      Mixing emotions with money-based decisions is usually a plan for disaster, especially for self-directed beginner traders! I ask people who come to me for help if they want to be a winner and be right all the time or be a money maker. Unfortunately, too many self-directed traders think that being right about a trade is more important than making money, I beg to differ! If you’re working in the live financial markets with real money you are only there for one reason and that’s to MAKE MONEY.

      Trading success is not just about winning and losing individual trades, it is about making money over time and actually keeping it. You must look at the big picture to become successful. It is a common known fact among professional traders that risk/reward ratio, not winning percentage, is the real key to becoming profitable and sustaining a career as a trader for the long term. What seems perfectly logical to do in your mind as a self-directed beginner, may not work quite the same in the live market using real money.

      I tell traders they must think in terms of probabilities, and get it ingrained into the subconscious of their trading mind. They must be able to ultimately eliminate emotions for every single trade they place. This may perhaps be the most difficult aspect of becoming a true professional trader, but a trait that one simply must have to stand any chance of survival—both financially, and psychologically.

      Most traders think that they have to win all the time. As someone once said in a movie thaaaaaths not entirely true! Being a professional trader means that you actually will have some unfavorable outcomes in the market and you are OK with it. I have a positive outcome maybe 60% of the time however I make a double bottom oil tanker full of money from that outcome. The other 40% of the time doesn’t cost me a lot, because part of my plan is to know how much I will potentially lose before I take the position. Remember, it’s not how much you make its how much you keep.

      Should you have a negative outcome on a position if you are using supply and demand it most likely means you saw the value area you opened your position up from wrong that’s all, nothing sinister happened. When this happens to me I just know I needed to have looked further back on the chart to see the supply and demand curve better and perhaps looked at a higher time frame. You need to always be aware of the big picture and using MTF, one of the advanced principles in this book enables you to do that.

      If you have followed your plan everything is known before you click the mouse to place the position in the market. You know what you are risking as your stop to gain your profit target. All of the information is given to you on the chart. It is your job as the professional to figure out the signals that allow you to identify, quantify and execute quality trading opportunities. Once the opportunity to acquire a position arises you must be decisive and act without hesitation. You should already have determined what your entry; stop loss and profit target will be before taking the position. If the data does not meet your plan criteria then just pass and reassess it’s that simple.

      <<<>>><<<>>>

      A review of the critical importance money management

      This section is worth its weight in gold and the information is priceless for a brand new self-directed trader and while lengthy it is a necessary review and worth every cent you paid for this book. If you have zero experience or have already started your trading business but have begun to falter it’s OK. The information I am going to give to you in this section is the most important information you will ever receive in your trading career about money so I encourage you to really take the time to absorb it and follow it if you would like to be a consistently profitable market participant.

      Strict money management and risk control is essential to achieve long-term success in the financial markets. The high level of leverage and margin available to traders makes it important to manage risk exposure and to avoid overleveraged positions. As I said earlier, if you are going to use leverage or margin you had better learn everything about it and what can happen to you

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