A Very Interesting Trading Process
Brett Steenbarger described a very interesting trading process in his book Trading Psychology 2.0. I will share here a few pertinent excerpts:
"When I had the opportunity to watch Maxwell trade live, I realized how he was so consistent in his performance. He sat and sat and sat for good amounts of time, waiting for the market to set up."
"If buyers couldn't take out a prior high or sellers a previous low, he would quickly take the other side. To no small degree, his trading was predicated on figuring out when traders were wrong before they figured out."
"An important part of his edge was not trading when he perceived no advantage in the marketplace."
Now, the important part for you.
How do you relate to this trader's process?Do you have the patience to wait for your trading setups to emerge?Do you have the discipline to trade only your tested setups?Have you even backtested or live tested the setups you are trading?Do you have your own setups to trade?
PS: Trading Course is now available both in Paperback and Kindle eBook. Buy it now on Amazon!
You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:
- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business
As you master this breakthrough program, you'll build yourself a distinctive trading signature.
"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões
"When I had the opportunity to watch Maxwell trade live, I realized how he was so consistent in his performance. He sat and sat and sat for good amounts of time, waiting for the market to set up."
"If buyers couldn't take out a prior high or sellers a previous low, he would quickly take the other side. To no small degree, his trading was predicated on figuring out when traders were wrong before they figured out."
"An important part of his edge was not trading when he perceived no advantage in the marketplace."
Now, the important part for you.
How do you relate to this trader's process?Do you have the patience to wait for your trading setups to emerge?Do you have the discipline to trade only your tested setups?Have you even backtested or live tested the setups you are trading?Do you have your own setups to trade?
PS: Trading Course is now available both in Paperback and Kindle eBook. Buy it now on Amazon!
You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:
- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business
As you master this breakthrough program, you'll build yourself a distinctive trading signature.
"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões
Published on February 02, 2018 09:00
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