[]
[Home]
FOREX ?, EQUITIES ?, COMMODITIES ?, FIXED INCOME ?,....it doesn't matter the asset class.....
We are told that 95% of Traders Fail – Despite all the information available online(most of it free) they never truly get to understand what it is they need to know to be consistently profitable. Ie: They lack 3 essential tools....without these you may as well save yourself the bother, throw your money down a toilet, and join them.
[]
This is the most honest website about trading that you may ever visit and could well turn out to be the most important. No silly false gimmicks, Ie: No 'only 89 copies left,' No free bonuses supposedly worth $1000, No annoying pop ups with discounted special offer for today only, No photo shopped statements, No retrospective - 'look at all these winning trades' etc etc (They must think we are stupid !) ... Just Common Sense and intelligent No-Nonsense information.
------
What do you as a trader really need ? - The 3 Essential tools
1. You need an Edge.
2. You need to know certain data/stats about the edge to trade it profitably.
3. You need a Plan
Think you already have these ?....95 out of 100 don't (even if they think they have)which is why they will fail!
Ie: Most traders fail because they never get a true trading edge or compile the data/stats about it that they need to trade it profitably, let alone make a realistic trading plan. All 3 of these things are necessary for long term reliably profitable trading/spread betting. Without them I can guarantee that you will fail !
------
* Trading isn't about getting involved in the market as many time as possible - but about disregarding as many risks as possible to leave only the highest probability trading opportunities.
* Most all of the other trading sites you will come across trying to sell their latest systems or indicators will talk about how much you can make...this is the wrong way round...what you should first consider is how much you can and will almost certainty lose.
* Be under no illusion - Trading is primarily about managing risk and whether you have a Trading Edge or not, without knowing how to do this – optimised to the edge you are trading - you will almost certainly not be profitable.
* So, you need a Trading Edge, and to know how to compile and calculate certain key data/stats about the edge as you trade it in order to professionally manage your risk. Then you need a Plan. Let's deal with each of these 3 essential factors in turn:
First of all, a Trading Edge;
Let me deal first with what a Trading Edge is, and is not, just so we get it out the way...you can either accept this as a self evident truth or not...but if you do not then please feel free to share your crystal ball / prediction powers with the rest of us !
A Trading Edge is simply a repeating circumstance or set of circumstances (ie a set-up or combination of set-ups, howsoever derived) that suggests a greater probability of price moving one way over another - based on the historical performance of the edge to that point in time. Additionally and/or alternatively; if the edge does not suggest a greater probability of price moving one way over another, then based on it's historical performance to date, it suggests that more gain is available when a successful outcome is achieved than when it isn't, sufficient to realise a net gain over any pre-determined number of times that it develops (a sample.)
Ie, Like everyone else I have absolutely no powers of prediction, so when I enter a trade I do not know what is going to happen. All I know is that over x number of trades (ie the 'sample size' over which the edge is profitable) I should, if I do everything correctly, come out with a profit overall.
I developed a high probability (of a successful outcome) Trading Edge. It is therefore low in risk overall. This is because my maximum tolerance for risk was low and I could not handle long losing runs, - they destabilised me psychologically and caused me to lose confidence in an edge, and in myself as a trader. How many of you haven't been in that position I wonder ?
My edge is comprised of 9 simple easily recognisable chart set-ups. They develop on every time frame of any trading instrument chart (forex, equities, commodities, fixed income etc...) from the1 minute chart to the monthly chart and everything inbetween. They are all high probability (of a successful outcome) and have a win rate between 70.1% and 96.4%. Some are higher in probability of a successful outcome on certain time frames. I choose to trade them on one particular trading instrument (just a personal choice) and on certain time frames of that instrument - depending on the set-up (based on which time frames offer the highest probability of a successful outcome, for a given set-up, at any given time.)
------
Secondly, the Information / Data about a Trading Edge that is required;
Certain key data/stats are vital to trade an edge profitably, and always within your own risk tolerances. This information is easily attainable and easily calculated from the Edge's performance (I update in a spreadsheet each time a trade result is known.) Doing this ensures that;
a. You always know over how many trades the edge is profitable (ie: the sample size)
b. You can easily optimise your money and risk management to the ongoing performance of the edge such that any losing trades/run stays within your maximum comfort level for risk, and you always know the optimum risk/trade to use for any trade set-up that you choose to trade.
c. You can easily work out what the probability of a losing run of any duration is (based on the prevailing overall win rate) in your pre-determined sample size of trades. (For eg this may be 20 trades.) In this way you can see what is probable, and improbable (but must still be allowed for) in your money and risk management. You are therefore always prepared for the worse case scenario should it materialise (even though it may be very low in probability.)
This information and resulting risk planning will ensure that should such an event happen it won't destabilise you psychologically or cause you catastrophic loss in your account, but merely be a run of losing trades, or even though very rare – a losing sample, that can easily be recovered on the subsequent trades/sample.
d. You always Know that the trading edge is still performing within it's known historical performance statistics and probabilities (ie be able to tell that the edge is still working for you.)
And,
e. You can easily work out what profit each pre-determined sample size of trades should return, on average.
f. You can pick the prevailing highest probability set-ups and time frames to trade.
g. You can see specifically what part of your trading you need to work on (ie trade selection, trade management etc....)
Simply put:
* You need to professionally manage your risk. You need to take fear out of risk. Where there is uncertainty there is always risk but fear can be removed from risk. Adopting a professional risk management strategy will do this by ensuring that you are always trading within your own pre-determined risk tolerances and that the risk for each trade undertaken is optimised to trading performance.
* You need to know (at all times) if the edge you are trading is still performing as it should be. Probably more importantly if you hit a losing run, - whether it is you not doing something correctly or the Trading Edge itself performing outside of it's known historical performance statistics and easily calculated probability.
* You also need to be able to identify quickly what part of your trading needs improvement/attention. Generating 2 key stats from your trading will quickly tell you this.
These things you can easily do with the data/stats you generate from this/any Edge's performance - when you know how, (and with the help of a simple self calculating spreadsheet.)
------
Thirdly, The Plan;
As the image says, ' Hope is not a plan.' After deciding what it is you want to get out of your trading activity, and in what time scale, you need a structured disciplined and focused method to achieve that goal. It is unlikely that you can get from A to B without some stepping stones along the way. Most traders don't know what a plan actually is, let alone how to make one, and structure it such that it gives them the best chance of achieving their goal.
------
------
1. My ebook (pdf format) details all 9 of the simple and easily recognisable chart set-ups that make up my own Trading Edge. I show many chart examples of them and explain them in clear detail. I explain too why they are high in probability of a successful outcome (ie: the rationale behind them – what may going on in that market at the time they develop.) You need no special skills to recognise them and once remembered they stand out very clearly when they do develop.
------
2. The ebook details the simple key pieces of data/stats about this/any edge that you need to collate and keep updated each time a trade result is known so that you can trade this/any edge both consistently profitably and within your own maximum comfort level for risk, at all times, optimising the risk/trade to the performance of the edge and it's probabilities, given that performance.
------
3. I provide a simple up to date (MS Excel compatible) self calculating Spreadsheet with full explanation and instructions for use. This Spreadsheet calculates the key pieces of data/stats (referred to in 2. above) you need to know in order to make the best trading decisions you can. Equally important, the Ebook explains how to use this data to ensure that you are always trading within your pre-determined max comfortable tolerance/level of risk, and are risking the optimum amount on each trade undertaken given this and the prevailing performance of this/any edge.
There are also 2 other key stats that the spreadsheet calculates and knowing these will help you to see where any problems are with your trading and what you have to concentrate on specifically to become net profitable in each trade sample, over and over again.
* As an example; One of the set-ups I trade is very high in probability of a successful outcome on certain t/f's. I.e. I know from the data I collate and calculate via the spreadsheet that I have only a 4.7% chance of seeing 3 consecutive losing trades, (roughly 1 chance in 20) over any x trade sample. So whilst this is possible it is not probable but of course this does not mean to say it won't happen, and indeed it has, although only very rarely. Moreover there is only a 0.5% chance that I will experience 4 consecutive losing trades trading this same set-up, (roughly 1 chance in 200) and so this is even less likely (actually it has never happened,) but I still like to be prepared for it and ensure that if it does happen it would be within my own personal maximum risk tolerance/level (which may be different for you.) So I trade at a risk size that will accommodate this should it occur.
This Spreadsheet used correctly will ensure that any edge you trade never causes you to trade outside of your pre-determined maximum comfort level of risk, and that every trade you undertake will be at the optimum risk. for that trade / set-up type. This and the other 2 key stats will give you the best chance of being long term consistently profitable with any true Trading Edge such as the one I detail in the Ebook.
------
4. The spreadsheet and accompanying information gives you my up to date trading data about each of the 9 set-ups so that you can decide which set-ups you trade, and on which time frames....based on the guidelines given in the ebook. As you keep the spreadsheet updated (as shown in the ebook) for these or any set-ups you choose to trade, it will then reflect your own trading results. This will ensure that you always make the best trading decisions based on your actual trading data, not emotions or half baked thoughts.
------
5. The ebook explains how you use the key data/stats to make a decision about what overall risk you want to expose yourself to (ie maximum comfort level) and therefore what optimum risk/trade for each/any set-up that you choose to trade. This is calculated from the overall performance of any given set-up on any given time frame, and the probabilities of a successful outcome, and indeed a losing run (of whatever duration) associated with it. Unfortunately there is no such thing as 'No Risk' so Low Risk is the next best thing.
------
6. The ebook will show you how to make a Plan. How to get from point A to point B. How to define your 'realistic' Goal/Aim, and the 'realistic' time scale you want to get there in, given the time you have to devote to your trading activity. It shows you how to set objectives along the way in order to give yourself 'stepping stones' to achieving your goal. It also tells you what you need to to do to meet those objectives, and by doing so - The goal.
You may well be surprised what a real trading plan looks like in it's structure....it is so much more than just having a wish list/ to-do list. The old adage of 'If you fail to plan - you plan to fail' is as true for trading as any other activity in life.
------
------
So,
* I will supply you with a Trading Edge that can be profitable on any liquid trading instrument (for which you can see a chart,) and time frame (s,) across a given trade sample size.
* All 9 simple easily recognisable chart trading set-ups that make up the Trading Edge are fully explained and illustrated, with plenty of actual chart examples.
* All the key data/stats about this/any Edge, and how to use them are explained in simple and easily understood terms.
* A self calculating up to date (Ms Excel compatible) spreadsheet that shows these prevailing key pieces of data/stats required to make the best trading decisions. The spreadsheet is broken down into sheets/tabs for each set-up, the current sample being traded, and total trades to date.
* From the key data/stats in the spreadsheet (that you will update each time a trade result is known) you will always know at a glance whether this/any Edge you trade is performing within it's known historical parametres and probabilities, and be able to quickly calculate the optimum risk/trade to use for each trade set-up you choose to trade, commensurate with your own results, trading this or any edge, staying within your pre-determined maximum risk tolerance.
* Any charting package can be used and many such as MT4 are free of charge. No special technical indicators are needed.
No silly free bonuses, no '...only 89 copies left...,' no annoying pop - ups offering a cheaper price if you act now, etc etc …
Price $100 available for immediate download (download page opens after payment is completed) - click the image below :
------
[ ]
IF YOU ARE HESITATING FOR A MOMENT ASK YOURSELF THE 6 QUESTIONS BELOW. CAN YOU HONESTLY ANSWER YES TO QUESTIONS 1 - 5, ? AND NO TO QUESTION 6 ?....If YOU CANNOT YOU ARE ALREADY ON THE ROAD TO FAIL !
1. Do you have a Trading Edge that is consistently and reliably profitable over any given pre-determined number of times it sets-up (sample size,) again and again and again ?
2. Do you know or accept what a Trading edge is and is not, or do you think you alone can predict the future and know what is going to happen next ?
3. Do you know enough about your Edge...ie do you know it's key historical performance statistics (and keep them updated after each trade made) so that for example you know whether it is just performing ' normally ' per historical stats when it hits an inevitable bad patch, or whether something else may be wrong?
4. Do you know the probability of any given consecutive losing or winning run of trades over the next x times your Edge sets up, and have you adjusted your money and risk management to take account not just of what is probable but what although may be improbable is still possible, such that if the improbable did happen (it can and does) you are still trading within your pre-determined max risk tolerance/level and are not destabilised psychologically by a run of losing trades ?
5. Does your Edge have clearly defined Entry (and Exit) rules so that you can recognise it instantly instead of trying to make trading decisions 'in the heat of battle' when negative emotions (or should I say emotions used in the wrong way) can cloud your judgement ?
6. Have you ever suffered a loss of confidence in your Edge or yourself as a trader because of losses ?
If you cannot give a definitive Yes answer to questions 1-5, and a No to question 6 - then you are already on the road to fail. Whether you buy my solution or not - make sure you can always answer these questions as advised above.
Trading is about consistency over the long term not the occasional big win, and strings of losses...No one can 100% guarantee your success but whatever you do - give yourself the best chance of being consistently and reliably profitable,..... put the odds firmly in your favour.
Price $100 - available for immediate download (download page opens after payment completed) - click the image below :
------
[ ]
------
The Legal Stuff ;
ClickBank is the retailer of products on this site. CLICKBANK® is a registered trademark of Click Sales, Inc., a Delaware corporation located at 917 S. Lusk Street, Suite 200, Boise Idaho, 83706, USA and used by permission. ClickBank's role as retailer does not constitute an endorsement, approval or review of these products or any claim, statement or opinion used in promotion of these products.
READ THIS BEFORE CONSIDERING ANY INVESTMENT RECOMMENDATIONS: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.
NFA and CTFC Required Disclaimers: Trading is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in trading you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
Terms of Use: Your use of this educational website and material indicates your acceptance of these disclaimer. In addition, you agree to hold harmless the publisher personally and collectively for any losses of capital, if any, that may result from the use of this website or material.. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk.
If you have any questions please contact [support@mosttradersfail.com]
All Rights Reserved.
------
[Web Hosting] by iPage
