Most investors are on a continuous quest to discover winning trading strategies. And yet, very few Traders are ever able to find and successfully implement these winning trading strategies.
Why is that? What is it that is so elusive about these winning day trading systems and strategies? Where can you go as a Trader to find the best and accurate successful trading systems and strategies available?
The fact of the matter is that most well-thought-out day trading systems and strategies can and should be winning daytrading strategies IF the Dealer has discipline Bump and run reversal– both in following a day trading strategy exactly, and also in sticking with the trading strategy.
Yet it seems that most day traders will endeavour what should be a winning trading system or strategy just once or twice, and if it doesn’t immediately yield positive results, these traders quickly abandon it and move on to the next “hot trading tip”.
To help you along on your pursuit, we’ve created a four-step punchlist so that you can follow as you continue your mission to identify winning trading strategies. Pay close attention to this list – it could be the “game changer” you’ve already been looking for as a Day Trader.
Keep That Simple, Stoopid! The very best day trading systems and strategies are also the simplest to learn, understand, and master. The more complicated a trading strategy (and think me, in the wonderful world of technical analysis, there are PLENTY of ultra-complicated trading strategies), the less like you’ll ever be able to transform it into a winning trading method for yourself.
When looking for winning trading systems or strategies, find those that are simple, easy to execute, and that don’t require an advanced diploma in statistical theory to comprehend.
Speed Is Your current Best Friend. The longer you’re in a trade, the more time there is for something to go incorrect. When searching for those elusive Winning Trading Methods, find one which lets you be in and out of a trade very quickly (my average trade lasts less than one minute).
Locate day trading systems that don’t concentrate on “long term” trading (i. e. anything at all longer than a few minutes) – it’ll be better for your trading account AND your stress level.
In fact the saying “get in, hit your target, escape… like you were never there” is speaking directly to this idea. The problem is that MOST trading-strategies require you to watch for indicators that will “predict” when market movement will happen, and also which direction to enter the trade.
As a day trader, there is no characteristic more important in your trading practices than the ability to exercise a high level of discipline. And ironically, there is not any trading skill that is harder to master than unbending, unyielding discipline. It can something of a Day Trading paradox. But its also a real trading talent that you MUST learn if you are going to ever achieve constant day trading success.