Trade With Precision Newsletter - Education

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Trading Around Your Annual Vacation

Many of us will be taking vacations during the July and August period now that the northern hemisphere summer is upon us. The question is what do we do about our trading? Do we take a complete break? Do we leave one or two trades on, but not open the charts till we return? Do we plan to carry on trading whilst we are on holiday with family and friends?

Common Errors that Prevent Trading Success

Many new traders mistakenly believe that trading is all about finding a winning strategy with a market edge.  Whist this is an essential element, it isn't the only skill or technique a trader will need to master to ensure there trading business thrives. 

In this week's video Simon Clarke performs a retrospect review of a trade he called to TWP members last week and how a sound risk and trade management plan ensured he didn't succumb to the great human emotion of Greed!

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

Why you MUST have a Trading Strategy

Many novice traders fail to realize the key to consistency in their trading.  I made money early on in my trading career by trading the stocks of businesses that I knew and understood.  But I really did not understand the key concepts of having a standardized way of looking at market price action to determine a more precise entry and exit strategy.  

Mindset Matters

There are two types of traders. Those who realise how much mindset matters and those that do not.

I still get told by new/amateur/losing traders that “mindset does not matter”. A common phrase I hear is “I don’t need anyone to tell me how to think”. Yet the other group of traders, those who make money trading or are well on their way to doing so, disagree completely. In fact, in trading, business, sport and many other day to day activities, those who perform at the highest level do indeed rely on a coach or mentor and this person often focuses on the mindset to succeed rather than the underlying skill set. 

The Importance of Higher Timeframes

In this week's newsletter Tamar Mehr demonstrates the importance of higher time-frame analysis and why it can have a really strong impact on our trading results. Do you take enough notice of the Daily, Weekly and Monthly charts in your trading analysis?

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

The Paradox of Trading

If there was one thing, and one thing alone, that freed me from the market and allowed me to interact on my terms, on my conditions, to enter and leave the market at will and not be battered by the vagrancies of sudden and unexpected market outcomes, it was understanding and then applying this Paradox of Trading.  

Using Leading Technical Analysis to Predict Future Price Action

In this week's newsletter Simon shares his analysis on a couple of markets he's keeping a close eye on for trading opportunities. He demonstrates how he uses support and resistance structures and other leading technical analysis to predict the next possible moves in these markets.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

The Pros and Cons of Countertrend Trading

Have you ever wondered about trend trading and countertrend trading, and which is better or worse?  Here are some of the pros and cons of trading against an established trend.

Pullbacks, Opportunity and Mr. Buffett

What do pullbacks, trading opportunities and Warren Buffett have in common?  Pullbacks themselves very often create trading opportunities and if you trade stocks then no one is better at picking them than Mr. Buffett.  

“But Isn't Trading A Risky Business? "

 

A lot of people say to me that trading must be a terribly risky business and why would I want to enter such an arena when there must be other far safer ways to make a living.

My answer is always; “Yes, there are safer ways to make a living but there is no other business where I feel safer than in trading!”  

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