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Trade like Super Mario Print
Written by Mark   
Saturday, 14 January 2017 15:47
supermarioTrade like Super Mario:
How to leverage off your New Year resolutions (even if they’ve already failed)
 
We know that New Year is properly underway when people start talking about “Blue Monday” – this year falling on the 16th of Jan. It’s that low-point in the calendar when you’ve fallen off the wagon … stopped going to the gym … broken the diet …
 
For many of us, our hopes for 2017 are about finding financial freedom through the markets and investment programs. And it’s just as easy to be derailed from these plans as it is to skip a gym session or raid the fridge late at night.
But fear not, because we're here to show you that Blue Monday will be a great moment to kick start any life-changing program … and that ‘leveraging’ off key dates in the calendar gives us a greater chance of success.
 
So, if 2017 isn’t looking positive yet … mark this as the low point, and we’ve plenty of ideas for a boost …
First off, very exciting news coming this week. The most consistently performing system I’ve used over the past two years has is now available FULLY automated.
 
It means that the profits that were previously only available to those who could check prices regularly over the course of the day … can now be had by ANYONE!
I’ll be emailing this week with full details – so please watch out for my message...

How to trade like Super Mario
 
There was an interesting lecture given this week at the American Economic Association by Esther Duflo. Her premise was that economists need to be more like plumbers.
And I believe it’s a lesson that traders can learn from too.
 
It’s about mindset.
 
Traders – like economists, and many other people – can too easily get bogged down in the theory, rather than the practicalities of making it work.
Sometimes we need to roll up our shirtsleeves and get our hands down the metaphorical u-bend of the markets.
 
Sound messy? I can guarantee it’ll be worth it!
 
We should consider what Duflo called the ‘piping issues’ – this is the large infrastructure hidden from view. And the behavioural incentives – what’s actually going to make this work for you?
So, what does that mean in practical terms?
 
Stay with the program
 
I often think that starting out in the markets is a bit like buying into a fitness regime – the type that promises you a picture-perfect six-pack in just a few months. We start out with great enthusiasm, but before long we’re sweaty, breathless, that knee injury is starting to niggle, and we just want to lie on the sofa with a pack of biscuits…
 
Sometimes you will feel like that when you’re trading. Sometimes you’ll lose money and doubt yourself. Sometimes you’ll just wonder if it’s worth the effort. These are exactly the moments when we need to push hardest.
 
These are the lessons I’ve learned from the sports field and gym:
 
• work towards consistent performances regardless of external factors.
• maintain a confident and positive outlook, even when things aren’t going well.
• deal with distractions without letting them interfere with your focus.
• tolerate pain and discomfort (in trading, this usually means a dent in our finances).
• remain persistent when the going gets tough.
• have resilience to bounce back from disappointments.
 
We say it again and again – discipline and consistency are the toughest jobs for traders.
 
Look at the big picture
 
Again and again, people ask me which are the ‘best’ indicators … the ‘best’ timeframe … the ‘best’ markets …?
 
But this is asking the wrong questions.
 
We don’t need the ‘right’ indicator … timeframe … market …. Instead we need a complete system that works.
 
There’s no shortage of fantastic trading signals in this world – they’re ten a penny (although plenty of people out there will charge you a small fortune for them, and leave you to work the rest out for yourself!). What’s tough to find is a consistent method that’ll take that signal and make it into long-term profits.
 
The complete system will involve exits, trade management and money management. If a trading method doesn’t give you all this, then it’s little more than a ‘trade idea’.
 
Plan for success
 
Profit curves never move in straight lines, so we can’t rely on the size of our trading account at the end of each week to tell us how successful we’re being in our targets. It’s the trading equivalent of weighing yourself ten times a day to see how your diet is doing!
 
If you want to achieve your goals, your progress must be measurable – and that means having a plan … sticking to it … and recording the results.
 
What’s achievable?
 
One of the criticisms leveled at economists this week was their big-picture policy making, that failed to take into account human behavior.
 
How will you motivate yourself?
 
This is about setting goals and rewarding yourself along the way.
Telling yourself that you ‘pay off the mortgage in ten years’ is a noble aim, but it’s just too vague. It needs clear steps along the way, and measurable benefits that you can enjoy.
I read an article recently about how churches were much more successful at keeping people to their resolutions than most. And the way they achieve this success is very simple – they set themselves shorter-term goals (like daily fasting, or giving something up for lent) and they check in with each other once a week.
 
A study by Washington University showed that by having a series of ‘landmark’ dates along the progress to your goal helped to achieve that goal. In practical terms, it meant that people elected to be sent reminders about their goals on key dates, like ‘the first day of Spring’.
There were believed to be a couple of reasons for this improved performance – first, it gave a shorter-term goal; and second, these landmark dates meant that people were able to cut off from past failures – putting imperfections behind them.
 
Motivation goes hand in hand with setting goals that are achievable. This doesn’t mean that you can’t think big – but don’t set yourself up to fail.
 
Find a trading method that’ll work for you…
 
If you don’t have much spare cash, don’t pick a method that requires a £20k fund …
If you work fulltime, don’t pick a system that’s going to take up hours of your day – you just won’t find the time to use it.
 
There’s something out there for you.
 
And you can’t do much better than the offer coming this week – a method that’s consistently brought in £1k+ per month, for minimum risk … and it’s just ‘plug in and profit’ Watch this space!
 

From the blog

Janet did it!

Christmas has come early this year, at least for Forex traders. We had the Trump rally in stock markets and the US$ and then Janet followed through with her promise of the quarter point increase that everyone expected, and the Dollar has taken off again.

What was unexpected though was the even more upbeat tone of her statement from previous ones and responses to questions:

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