It really is hard to believe that trading can be that straightforward, if we stop «expecting» to be right all the time and
just trade our edges, understanding that there is a higher probability that are trade will be a winner rather than a loser when we only trade our edges.
Stop forming opinions about what you «think» the market is going to do or not do, and
just trade your edges....
Not exact matches
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Winning traders view each
trade setup as
just another execution of their
trading edge, they then think about how to minimize their risk on the
trade while simultaneously maximizing their reward.
When you begin to view each
trade setup as
just another execution of your
trading edge and effectively implement position sizing and risk to reward scenarios, you will also be managing your emotions because you know your possible risk and possible reward BEFORE you enter the
trade, you then set and forget the
trade and therefore there is nothing to become emotional about.
Not limited to
just BofA customers, Merrill
Edge's Preferred Rewards program is excellent, offering $ 0 stock
trades among other perks such as bonus rewards on credit cards and discounted mortgage rates.
My «hot take» is they are
just looking to stay flexible; if they (and I think they will look to)
trade down and the BPA changes from
edge to lb; they need to know, and be comfortable, of what is available at
edge in later rounds.
Still, the Atlantic Division leaders
edged second - place Toronto hours after acquiring defenseman Ryan McDonagh and forward J.T. Miller in a blockbuster deal with the New York Rangers
just before the NHL
trade deadline.
But still, the medium red
edge will beat the Intermediate blue
edge for absorbency, usually, by
just a little bit, but that is
just the
trade off.
You can do this by employing the disciplined to ONLY
trade when your
edge is present... in other words, stop
trading just because you «want» to!
But it probably will not be a very high - probability one and it is more likely to be something they
just sort of «made up» or rationalized on the spot rather than being an actual instance of their pre-defined
trading edge.
When «online»
trading first came onto the scene in Canada
just over 20 years ago, dial - up, DOS and CRT monitors were all the rage, the internet was
just getting its footing and the concept of do - it - yourself
trading seemed to be on the cutting
edge... Read More»
We all take a sniper - like approach to our
trading, which basically
just means we only
trade if our
edge is present and we do not waste «bullets» on less than obvious targets.
When «online»
trading first came onto the scene in Canada
just over 20 years ago, dial - up, DOS and CRT monitors were all the rage, the internet was
just getting its footing and the concept of do - it - yourself
trading seemed to be on the cutting
edge of technology.
Because i work as a teacher i
just place my
trade and go to work, that is set and forget after identify
trading edge.
Instead, think of it as
just another instance of your
trading edge, and this
trade just happened to be one of the losers that you will inevitably have.
Winning traders view each
trade setup as
just another execution of their
trading edge, they then think about how to minimize their risk on the
trade while simultaneously maximizing their reward.
It doesn't mean we suck at
trading or we that we aren't smart enough to «figure it out», it
just means that that particular instance of your
trading edge was a loser.
Don't
trade just because you feel like you have to or you want to... make sure there's a real reason to do so and never
trade when your pre-defined
trading edge is not present.
When you begin to view each
trade setup as
just another execution of your
trading edge and effectively implement position sizing and risk to reward scenarios, you will also be managing your emotions because you know your possible risk and possible reward BEFORE you enter the
trade, you then set and forget the
trade and therefore there is nothing to become emotional about.
You have to
trade price action with a historical
edge or your
trades are
just random.
Don't take it personally if you lose on a
trade and remember that it's
just another execution of your
edge.
The reason a professional trader thinks and
trades like this is because they don't get attached to any one
trade; they know that each
trade is
just one out of a series of many that they must take in order to see their
edge play out.
Fidelity has
just recently lowered their price to at $ 4.95 per
trade, so they've now got the
edge there.
Traders who don't have a definable and «mastered»
trading method are hurting themselves because they essentially have no
trading edge and are
just shooting in the dark, so to speak.
Price action
trading gives you an «
edge»,
just like any other method does (although price action is clearly the best way to
trade), and what you need to understand is that no matter what your
edge is, it's not going to work out in your favor EVERY time, and you don't know for sure if any single
edge - event will work out.
The primary thing to take away here is that you have to AVOID over-weighting your winning
trades... they do not imply that you are «figuring it all out»... rather they should
just be viewed as another execution of your
edge.
Don't expect to win or lose on any one
trade,
just follow your
trading edge and
trading plan religiously and know that if you do that you will succeed over a large series of
trades.
Again, no reason to expect it to be a winner, it was
just a winning instance of our
trading edge; price action.
Consider this; if you save yourself 2 losses by moving to breakeven and then you decide to move the next two
trades to breakeven after getting up a small profit, but then these two
trades also got stopped at breakeven when they would have been winners, you have
just lowered the probability of your
trading edge... even if you would have taken the 2 losses.
We
just want to take off a little of the
edge on the
trade, not try to protect it 100 %.
You've got to remind yourself that each
trade setup is
just another execution of your
edge, and if you have mastered your price action
trading strategies and follow your plan religiously, you will have a high - probability
edge to
trade with.
The best way I feel in overcoming the fear of taking on any
trade is
just keep the
trade size small until you can clearly see your
edge play out positively.
It may be a coincidence but CIBC Investor's
Edge, which used to be one of the discount brokers that still charged $ 29 for all clients announced that it will begin charging
just $ 6.95 per
trade for clients that have $ 100,000 or more in business with CIBC.
Many of these same people end up forgetting that one of the best things about
trading is that you don't need to spend a lot of time analyzing the market,
just enough to spot your
edge then you walk away and let it play out.
, the MT4 mobile
trading platform App has been developed with cutting
edge technologies to ensure that the
trading experience is
just as rich as its Desktop and Web version.
You
just wait and remain calm, observing the market at your regularly scheduled
trading time to see if your
edge is present.
Sometimes, it might be a good idea to
just stay aside if you can't find a good
trading edge in unpredictable events like this.
You have to find a truly consistent
edge in the market and then
just concentrate on that until you get it down, remain in the one frame of mind, focus and master those setups first, then you can maybe add more tools to your
trading arsenal.
After you know how to
trade your
edge, it really
just comes down to scanning the markets quickly each day to see if your
edge is there and then either
trading your
edge or walking away.
Not limited to
just BofA customers, Merrill
Edge's Preferred Rewards program is excellent, offering $ 0 stock
trades among other perks such as bonus rewards on credit cards and discounted mortgage rates.
You risk an amount you're OK with losing and you let the market do «its thing», because you're
just letting your
edge play out over a series of
trades.
Do not enter the market
just because I «feel» like I'm on a winning streak, my
trading edge has a random distribution of winners and losers so there's absolutely no reason to be influenced by the outcome of my previous
trade.»
Just ahead of Apple's iPhone 6 debuting next week, especially the 5.5 inch model, Samsung unveiled their next generation Galaxy Note
Edge smartphone that offers a unique curved display at the IFA
trade show in Berlin.