Saturday, October 6, 2012

Move on to the next level


Imagination is more important than knowledge. - Albert Einstein

Trading is a real big challenge, no doubt about that, truly one of the most difficult endeavors anyone can undertake, but it can turn to be real fun if you follow a set of rules. Following a system means you will only trade when those preset conditions are met, otherwise you will just watch the market, that thing only already takes a good percentage of the stress off the trader.

It's all a matter of learning what to do and have the discipline to follow it day in, day out, and take the profits little by little on the way to your sought-after targets, allowing you to be consistently profitable.

I started trading around 8 years ago and lost consistently for almost 5 years in a row! I was trading daily from open to close and just couldn't make it, I used to win very little in a couple of trades and lose big in most of them, at that time I really thought trading for a living was just impossible... until I decided to create a system (and follow it), only taking trades that fell in the patterns I knew had a good probability of working, little by little the rules got all created and I finally have a system that works! Eureka!

So, after those 5 long years I started seeing the first wins with consistency, which got improved a lot over time and now, after having used it for almost 3 years, I can say I'm very satisfied with the results I'm getting and also being able to help others achieve their dreams in their trading.

I've learned markets behave similarly every day, only the figures change, patterns repeat themselves over and over again, respecting key levels most of the time and  many times to the exact tick.

The system I've put together is so simple, anyone can learn how to use it in one or two weeks, as long as you know how to enter orders in your trading platform that's all you need to start using and taking advantage of it.

 As everything in life, it might look complex at first, but after one week most traders understand all the concepts.

Have you ever played video games? Did you notice how difficult it seemed to be in the beginning just to become much easier after a couple of tries?

You lost a couple of "lives" but after a while you managed to pass on to the next level, true or not?

Same thing with trading when you use a system, in the beginning it may look hard, but after a couple tries you start getting the hang of it and start making money consistently and you will be able to move on to the next level! It's just a matter of practice.

The system is all visual, no guesswork, you see it, you trade it, if the key levels we're watching are not tested, then all we have to do is sit and wait, but if they do, we confidently just take the trade, trading according to our own style, no matter if you're a scalper, day or swing trader, just follow the system the way you feel more comfortable, using the time frames that interest you, if you're a swing trader then your STOP losses will have to be wider, a scalper will use tighter STOPs and will take profits quickier.

Of course if you are just starting in trading then you will want to risk very little, so you would start as a scalper, risking from 4 to 8 ticks (max) on each trade (on ES - SP500 e-minis) and taking profits as targets are met or just getting stopped out and being ready to move on to the next trade. Once you reach your $ targets you may increase the size you trade, this is key to moving faster to your targets.

Decide to do the right thing today and stop wasting time and money, create your own system or just learn one that works, give yourself a chance to move on to the next phase.

If you want to learn how we consistently make 2 to 3 points a day on ES, join us now at: www.diamondsetups.com

Best of luck!

Confidence comes not from always being right but from not fearing to be wrong.


Disclaimer
Notice: Futures involve substantial risk of loss & are not suitable for all investors. Comments are opinions only. Not trade recommendations.

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