370 likes | 382 Views
www.TheMarketGuys.com. Blueprint for Trading Success. www.TheMarketGuys.com.
E N D
www.TheMarketGuys.com Blueprint for Trading Success
www.TheMarketGuys.com Webinars are provided to you for educational purposes only. No information presented constitutes a recommendation to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. The Market Guys do not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
www.TheMarketGuys.com One of the Top 10 Biggest Mistakes: Trading without a plan
www.TheMarketGuys.com The Plan
www.TheMarketGuys.com The NAVY folks will recognize this as the P.O.D. The Plan
www.TheMarketGuys.com Construct a Plan (With the end game in mind) • You should always be able to answer the primary question • Why are you trading? • Before you place your trade you should always • be able to answer three key questions • 1- Why are you entering the trade? • 2- Where are you exiting if you’re wrong? • 3- Where are you exiting for profits? • Record your successes and failures and learn from both
www.TheMarketGuys.com What is your… WHY?
www.TheMarketGuys.com What is your… Retirement WHY?
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY?
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY? Start a new Business
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY? Getting Married Start a new Business
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY? Getting Married Charity Start a new Business
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY? Getting Married Charity Start a new Business
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY? Transitioning? Getting Married Charity Start a new Business
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY? Buying a home Transitioning? Getting Married Charity Start a new Business
www.TheMarketGuys.com What is your… Fund a college education Retirement WHY? Buying a home Transitioning? Getting Married Charity Start a new Business Just for Fun
www.TheMarketGuys.com What is your… WHY? Your “Why” will help hold you accountable to the risk management disciplines
www.TheMarketGuys.com Risk Managment
www.TheMarketGuys.com It’s not how much money you make when you are right… Risk Managment
www.TheMarketGuys.com It’s not how much money you make when you are right… Risk Managment It’s how little you lose when you’re wrong that counts.
www.TheMarketGuys.com Construct a Plan (With the end game in mind) Skill Assessment & Development How good are you at reading the technical charts? Are you able to determine which way the trend is going? Are you able to identify: Dojis Spinning Tops Gaps Engulfing Patterns & Price Patterns like: Head & Shoulders, Cup & Handles, etc. (The Market Guys video library is a great place to start)
www.TheMarketGuys.com Candle Charts as a Forecasting Tool
www.TheMarketGuys.com Candle Charts as a Forecasting Tool Signs of indecision
www.TheMarketGuys.com Candle Charts as a Forecasting Tool Signs of indecision 80% Accuracy
www.TheMarketGuys.com Candle Charts as a Forecasting Tool Signs of indecision Rubberband Effect 80% Accuracy
www.TheMarketGuys.com Candle Charts as a Forecasting Tool Signs of indecision Rubberband Effect 80% Accuracy Confirmation Indicator
www.TheMarketGuys.com Document your Trades “Trade Blotter” Date of Trade Stock Traded Action: Buy vs. Sell Trade Price Outcome Add notes to your record as you develop your trading skills
www.TheMarketGuys.com Sample Practice by setting your trading platform in Demo Mode or you can “Paper Trade” Then once you your percentage of accuracy is a steady 70-75% you can switch to live mode.
www.TheMarketGuys.com There’s no substitute for training!
www.TheMarketGuys.com There’s no substitute for training! • Trading and technical analysis draws technically-oriented people. Beware of “paralysis by analysis” • The strongest and most robust • signals are often the simplest
www.TheMarketGuys.com There’s no substitute for training! • Trading and technical analysis draws technically-oriented people. Beware of “paralysis by analysis” • The strongest and most robust • signals are often the simplest K.I.S.S (Keep it Super Simple)
www.TheMarketGuys.com There’s no substitute for training! Stay connected to:
www.TheMarketGuys.com Would you like to learn more about our private mentoring service? Email me at AJ@themarketguys.com Learn how to put the odds in your favor and trade like the pros