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Dave Landry – Trading Full Circle 2022
Can Anyone Become A Successful Trader?
YES!*
I believe with 100% conviction that anyone can learn to trade. There is one small caveat: *You have to want to be successful. You may be thinking, wait, doesn’t everyone want to be successful? I’m not so sure. The biggest problem that I see with many traders is that they abandon their plan in attempt to outsmart the markets. They refuse to give up on pre-conceived notions and aren’t willing to ignore much of what has been taught as “conventional wisdom. ” They tend to interject logic into what the market should be doing vs. accepting what the market is doing. The good news is that these problems are easily fixed through understanding how markets really work and accepting what is.
Do You Have To Be Really Smart To Trade Successfully?
NO!
Highly intelligent people can often make for bad traders – This is because they fail to accept the fact that markets are often irrational and always emotional.
NOT Rocket Science
I once received an email from someone who was literally a rocket scientist. He said: “Rocket science is not rocket science. Trading is rocket science!” I explained to him that his difficulties stemmed from the fact that he was trying to interject logic and reasoning into the equation. These things might help to get a rocket off the ground but don’t always apply to trading.
It’s not just rocket scientists that struggle. The same often holds true for doctors, lawyers, automatic transmission mechanics, and any others who are highly skilled or educated. It’s not your fault. In fact, once we get deep into trading psychology, you’ll discover that you may have had years and years of “bad training” for the markets. This can be easily undone. So, if you’re smart, don’t worry. You’re not doomed! You’re just going to have to accept the fact that logic doesn’t often apply. Once you understand how markets actually work, then you just have to be willing to follow along.
Trading is far from easy but it’s not nearly as hard as many try to make it. The mechanics are actually quite simple. In fact, it never ceases to amaze me how the simplest of concepts can work quite well in real markets. This inspired me to trademark “Trading Simplified.”
“Take The Easy Route”
There are two ways to become a successful trader-an easy way and a hard way. The hard, and very expensive, way is to abandon the basics and try out numerous methodologies that seem to be “too good to be true.” And, then later find out that they truly are too good to be true. This journey can take years and provided that you don’t go broke and/or give up in frustration, you reach true enlightenment when you return back to the basics.
Some Hard Realities
You’re Not Going To Get Rich Overnight
Good trends don’t come along every day – It will take some time to catch good market trends. The good news is that if you learn how to recognize and get aboard them, you’ll be ready for when they do. You’ll limit your losses in less-than-ideal conditions and do extremely well in great conditions.
So You’re Not Selling The Golden Goose?
If someone had a goose that laid golden eggs why would they sell it? Good question! If you’re like me, you’ve probably ended up on a few marketing lists. And, like me, you probably get emails daily with inflated promises. Here are just two of my favorites:
“Make 10-million in 10 minutes a day”
“Make 2-4% every day.”
Obviously, “make 10 million in 10 minutes a day” is complete and utter BS but, how about 2%-4% every day? Well, with simple compounding, a $10,000 account would be worth between 1.4 million and 181 million in less than one year. That’s returns in the 14,000% to 1,800,000% range. Again, these claims are slightly exaggerated-sarcasm implied. And, if they were true, why would you tell anyone?
The Trader’s Dilemma
“You cannot predict trends but you can follow them forever”
Dave Landry
Predicting the markets is akin to predicting the weather. Only short-term forecasts are viable. If it’s cloudy and thundering there’s a good chance that it will rain soon but you don’t know if it will be raining this time next week or next month.
Short-term trading has higher accuracy and the risks are generally lower. Unfortunately, gains are often limited. Big trends take time to develop. And, the really bad news is that something bad can still happen. Trading where the gains are limited and the losses are potentially unlimited is a recipe for disaster-with ANY methodology.
The real money is in longer-term trading. Unfortunately, so is the risk. The longer that you’re in a market the better the chances are that you will get soaked. We all read about these famous long-term traders, but a quick Google search shows that many of them subsequently blow up.
This creates a dilemma. Short-term trading has its problems as does longer-term trading. In order to be successful trading, you must control losses while still allowing for the potential for longer-term gains. So what’s a trader to do? Both! It doesn’t have to be a mutually exclusive decision. You truly can have your cake and eat it too by trading for both short-term AND longer-term gains. Through proper money and position management you can take short-term profits just in case the trend is a short one but stay with the remainder of the position should it turn into the mother-of-all trends.
Here’s What You Get
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- ›A comprehensive course on how to trade properly starting from the ground up, accessible from most any device or location
- ›An explanation of how markets really work so that you can take advantage of their emotional nature
- ›A simple, yet robust methodology with easy to recognize setups
- ›A proper money and position management plan that will help you to mitigate losing trades while keeping you in the big winners
- ›Trading psychology explained in a way that will help you to identify problems and more importantly, simple steps that you can take to remedy them
- ›Free access to any course upgrades and updates for life
All of the above plus UNLIMITED LIFETIME SUPPORT-Have A Question? ASK!
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