Oh boy am I rusty in typing...
It's been a while since I wrote a blog post here... so I will keep it short and to the point.
Over this weekend I have been pondering how in the prior years when I would leave my trading station and come back it, if I wouldn't see any trades there (which I would leave open) I would straight away assume my SL was hit... and guess what? - It was.
Now, this has drastically changed over the last year, since I totally changed my system around and created 3 specific patterns which I look for in the markets... now, more than any other time, it is my TP that gets reached, rather than my SL.
I will make a video about this, I made a commitment to 2019 and that is to make it the best trading year of my life and in the process teach and guide at least 300 other people to trade ad earn consistently with my trading system, I am well on my way and week by week things are looking better and better.
Now, lets move on to the core trading skills...
For example, when you go to the gym there are literally hundreds of exercises you could do, but most of them are built on the same few movements. Master the core movements and you've mastered hundreds of smaller exercises.
Trading works in the same way... so here are the “core” trading skills you need to succeed and achieve consistent profitability (according to me):
Attention → Having the right things to focus on and devote your complete attention to looking for it everyday is essential... the PM system only focuses on trading 3 patterns, so if we cannot find any of them, we trade nothing.
Structure → Structure is essential... I've lost thousands for not having structure, but now I do. One of the main rules of the PM strategy is to trade only by using structured position sizing, and this gives us longevity, smart risk management and overall makes us professionals.
Decision making → When it comes to decision making it is all about entry, management and exit of a trade... since the PM strategy is a complete trading system, which does take time to learn, it governs every aspect of our trading. Our strategy is reactive to the markets, so as they move, we move with them.
Purpose → The crown jewel of our system is that we know what we want... a specific percentage gain week in week out... we take it one week at a time and apply the law of compounding over a 52 week period... and this makes all the difference! Our purpose is compounded percentage gain on a weekly basis
The PipsMatter trading community is all about teaching you to trade with our trading system... so joining us is perfect for you if you are all about structured trading that has a longevity and purpose.
You can join our growing traders community for only €56/month and cancel at any time. You’ll have access to all the necessary education to learn and apply our traidng system promptly…
Think of it like this—you might already be paying for a gym membership…and the PipsMatter community is like a monthly membership to your “trading and income” gym.
One of our goals with the PM community is to keep you sharp and get you ready to make more profits week in and week out. - And by joining you could see big financial results in your trading account.