Category Archives: 1 ) Traders wisdom

Learn the Markets “Hidden” Code to Profit .

Clone Trader ™ –

As Ive had numerous enquiries from people completely new to trading I recommend you head on over to Udemy and try this 30 day risk free course  Clone Trader

This will give you a great starting point on,

How to spot trends,

Stay on the right side on the market &

Takes away all guess work on exact entries exit & take profit levels and get this it’s repeatable across 1min 5min 1hr daily weekly charts  so its ideal for day traders and investor alike !

 

 

How Professional Trader,s Cheat

Did you know third-party like Business Wire sells hedge funds an early, albeit split-second, look at corporate earnings, before retail traders see it ?
it’s perfectly legal.

The University of Michigan, for example, sells the rights to its Survey of Consumers to Reuters for $1 million a year. Reuters then sells early access to it either five minutes before the public gets it or five minutes and two second before—for the HFT crowd that wants to frontrun the frontrunners.

If you want a real edge get it here

GET EDGE

 

Trading a Mental Game .

Trading is a mental sport you have to approach it like that.

Its a well known fact that many retail traders don’t have the mental preparation to confront trading markets . Patience discipline simplicity the missing qualities.

Needing to be sure is what really kills traders. They seek a certainty that can’t be found, and end up on the completely wrong path.

Weather you are just starting out in the world of trading , coming to terms with your own trading system , right through to the mental aspects of trading or simply a Professional trader looking for a new perspective and fresh mindset to your trading Transitiontrader.com can help you .

Transition will ensure that the changes you want to make will be the right ones and will leave your trading business in better shape than ever.

Why ?

Because I’m now working for them ! 😉

 

Traders Wisdom Part (11) Trader Efficiency

“Traders Wisdom Edition   “

One common way people evaluate your performance is
to perform a thorough review of your performance at the end of each trading day.

                                        Trade Journaling

” Many of yesterdays issues and emotions are yesterdays lessons unsolved “

Not only does this review enable traders to learn from mistakes but it gives them tangible lessons to incorporate into the following day’s trading goals that they should set for themselves.

“Essential analysis for any trader”

The ability to do this is a function of practice and self honestly toward mental strength & confidence . This type of personal reflection and analysis is evident within all master traders .

The repeated review process will help and  is essential to instill the gut feel for right or wrong trading for any trader.

“Your job is to always play to your strengths

Ultimately Trading is a performance based endeavour a lot like Sport if you don’t understand and analyze your weaknesses how will you ever play to your strengths  .

The baldy one has spoken – Copyright © 2012 FreshlySqueezedPips

“ Traders wisdom Edition “


Backing and Filling – Odds Enhancer : Were the Real odds “lay”..

“ TRADERS rant  Part 2 “ >  Part 1

Backing and Filling – Odd enhancer .

Were the Real odds “lay”..

As most Professionals Traders worth their salt spend the fast majority of
their time waiting – So the Market spends the majority of its time Backing
and filling .

Weve all heard the cliché Analogy of ,

Trader & Leopard  .

– The leopard ” Lays”  patiently silently among the brush or in a tree, to ambush its prey .

Were the Real odds “lay”..

Odds Enhancer

In reality you are one of 3 things throughout the Day – Long short or Flat
99 % Of the time I’m flat not having a single trade on – The other 1 % is were 99%  of my focus and energy presides… this includes

1)  Trade identification ~  Generating a Trade idea Up or Down ( Trade flow)

2)   Stocking a trade ~     Waiting and Disciplined Stocking for my pre determined level ( Prey ) setup .

3)  Action ~  Execution – ( Patience Discipline Technicals all coming together )

Discipline and patients is the name of the game and patience is the hardest part of discipline – Trading is a waiting game first and foremost .

What no one ever really talks about is – How to really increase your odds .

The Key for  Trader,s to increase his odds is simply to wait and execute
his edge –

“Trading is a waiting game first and foremost “

Just like a Leopord,

The trader

1) Sits prepared  ( waiting to pounce on the Herd and its vulnerable stragglers )

2) Is equipped with the skill to survive well beyond its years of its victims .

3) Is comfortable in his own skin without doubt fear or anxiety to hunt for and execute his primal instincts .

Backing and Filling  : 

Many will keep on chasing  caught up in the back and forth action afraid the market is going to move without them …      while the professional waits silently for their trade to come to them  just like the Leopard patiently  “lays ” in wait .

were the Real odds  “lay”  is in the wait .

An amateur never changes his Habits  – A  Leopard never changes its spots – 

Jesse Livermore’s “It’s not the thinkin’ that makes the money—it’s the sittin’ and the waitin‘ t  “be right and sit tight” 


“For your Entertainment a TRADERS rant on how he views Day-trading & the Monster that is the Markets with a pinch of salt added”

The baldy one has spoken – Copyright © 2012 tweeterTrades

Life resolutions / New years Resolution 2011/12

The below Re -post is an old post from 2010/11 New years Resolution I hope it brings you some words of encouragement toward your trading and life in general .

Reflecting on the past year  trading performance , One of the main things that comes to mind to  sum up 2010 going into 2011 is the word Consistency

Last January I was feeling Motivated and had set my goals  – Fast forward to the end of 2010 and I’m up for the year –

But this is no time for me to be feeling complacent or fall into ones comfort zone –

Its time to start feeling motivated again, and feel happy to take my experience from 2010 and carry it forward into 2011 .

“ CONSISTENCY ” is a word that must always sit in our minds –  it is very important because it not only takes you Right out of your Comfort zone it challenges you as well .

That,s what we should all remember, no matter how much our P/L performance is a reflection of our praise and recognition , Just remain consistent in what you do –  realize this and your work will continue to show this .

Me and consistency our best friends right now and more or less married because it reminds me to keep on contributing to my goals no matter how good I feel .

I hope to continue my goals  as a trader by learning from the market, from other people and from my mistakes on a daily basis including keeping my passion for the lifestyle/Job .  So it’s that Time of year once again to hit the reset button with a fresh Renewed respect for the market, humility, determination and a willingness to succeed – All vital traits to uphold and improve on in developing a consistent and successful approach to not only the markets but in life itself .

In closing –

The only thing that stays consistent in the markets are the 95% of people who remain inconsistent .

Remain consistent is EVERYTHING YOU DO .

Wishing you the best for the year ahead.

As for my new 2012 resolution its Refinement .

Refinement: the process of removing impurities or unwanted elements; the improvement of something by the making of small changes

A career in trading  is an ongoing refinement process although I constantly look and strive towards this at the end of each daily/weekly debrief process, to review my performance to remove impurities or unwanted elements, and to improve overall profitability.

The transition successfully toward profitable trading is to consciously undertake a process of funneling or refinement to develop a consistently profitable and controlled trading strategy .

So that,s it for 2012 Refinement SMALL but important changes to my trading edge .

PERFECTION IS ACHIEVED, NOT WHEN THERE IS NOTHING MORE TO ADD, BUT WHEN THERE IS NOTHING LEFT TO TAKE AWAY.

Antoine de Saint Exupéry

The baldy one has spoken – Copyright © 2012 tweeterTrades

Life resolutions New years Resolutions

Pre-market preparation ~ Day type identification – $Trading

To maximize my own edge and avoid unnecessary losses an appreciation and thorough understanding of the different day types that exist on any given trading day are an integral part of my Day Trading duties & tactics .

Whilst traders’ core skills can be applied to almost any market ,
depending upon the day type in question will the manner in which they are applied  vary .

For example,

The absence of significant scheduled data releases on a Monday, followed by tier one data later in the week,  often leads to quiet/range-bound market conditions for that day.

In such conditions, patience and accurate trade selection are of paramount importance.

Strong fundamentally driven markets require the application of trend-following skills and the identification of pull-backs .

 
Pre-market preparation 
You should try and anticipate the day type with a key factor to consider being the structure of that day’s/weeks economic calendar.

An appreciation of how these impact a market’s conditions and experience of trading them will traders develop a consistent strategy

Honed only through deliberate practice Day type identification is a definitive skill that becomes like a second nature to a professional Trader who see,s his day through in any and all conditions  consistently executing ones own edge in his chosen Market .

Although it is a good idea to be prepared – This is by far the least important aspect of trading and simply a introduction to the next Series were  I would like to talk about what it really takes to become an individual who truly care,s about achieving optimal results and how in which manner it is really D O N E in Clinical Fashion .

The baldy one has spoken – Copyright © 2011 FreshlySqueezedPips

Traders wisdom Edition