Trading Tip- The failure of Automated Trading
Statistics reflect that 90% of traders lose money. This was true in the past and continues to be the case today.
Even all the advances in technology have NOT increased the percentage of profitable traders. This is true whether we are talking day traders, short term traders and even long term traders.
There are numerous systems and indicators available today which promise to lead you to the land of riches. You can literally spend thousands of dollars buying system after system only to be disappointed. Most of you reading this have not achieved trading success.
How is it possible that most traders are still searching for the answers?
Why is trading success such a mystery?
The simple truth is that it takes specific skills to become a consistently successful trader. Anybody can put on a winning trade because that requires NO skill whatsoever.
Becoming a consistently successful trader will enable one to build wealth.
Developing a trading method is only one part of the equation. Managing your capital and minimizing risk is essential to improve the odds of success.
Finally, consistently successful traders THINK differently than the rest of us. They have attitudes about risk that enable them to remain confident, disciplined, and focused despite the constant uncertainty they face.
Are you a confident or fearful trader? Successful traders are confident because they have designed a game plan that they can follow. They understand their game plan improves the odds of success over the long haul. Do you really believe you can achieve success without a game plan?
My course is much more than simply giving you a system to trade. If that‘s all you want, then there are plenty of people who are all too willing to sell you their “holy grail system”.
On the other hand, when you are ready to learn what it truly takes, I will be here to help you.
The great Market Wizard Ed Seykota was asked: “What can a losing trader do to transform himself into a winning trader?”
He answered “A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself.
That’s the kind of thing winning traders do.
My course is for those willing to transform themselves into winning traders.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
Come to TrendFollowingMentor.com to be one of my students