Thursday, August 16, 2012

More rapid results

After corresponding over the last 2 or 3 weeks, combined with a good training session last Sunday, one trader I know is already reaping the profits of looking for good setups per the system rules (see charts below). The ease which people are able to understand and use the scans combined with the knowledge of what we are looking for proves that, once you know what to look for, this isn't rocket science. And, as we know, the simplest solutions are often the best.

The other aspect, which I can't teach, is the confidence to stick to the system rules, even during a period where results aren't as hoped and you are suffering a drawdown. True confidence only comes when you have seen the results and the resulting profit. Thankfully, getting some positive early results helps build this. And when those drawdowns hit, that's when having a mentor who trades the same method, and has been through the good and bad times, can help.

For further information on training and mentoring services, click here.

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