A MUST for Trading Success!
The Goal
To find more money in less time by trading our edge EVERY time it appears.
The Simple
Learning lots of information about trading.
The Not Easy
Putting the pieces together in the right order.
The Discussion
Hello my trading friends!
There is so much information in the world, in so many formats on the subject of trading, that it is mind blowing. And here we are just adding to it – why?
One common thing with the trading information out there in the world is, the idea there is an easy way to make money trading.
One common thing with the trading information out there in the world is, the lack of order of how to put the different pieces of information together in a useful way.
The most important piece of trading information is, not risk management. Nor is it any other piece of trading information, except for one thing.
The most important element of all trading information is the trading edge. It is the first piece of puzzle to becoming a profitable trader.
Our trading edge is the piece of trading information that holds all of the other pieces of information together. Without the trading edge, none of the other elements of trading work. We will quickly begin to see this as we work together to connect all the pieces of information together.
Trading in the Zone by Mark Douglas, is one of the most important books you could read about trading. In a very odd place, Mark makes the most profound statement in his entire book. In the PREFACE, and only in that odd place, in the second to last paragraph, in the third sentence Mark writes, “I assume you already have your own system, your own edge.”
Who reads the preface of books? Happily, we do. But seriously, who reads those things?
What does that really mean? It means that the entire premise of Mark’s book, his entire true and well presented ideas are meaningless, missed entirely, misunderstood, if we do not have our own trading edge. Every idea in his book must be related to our own trading edge.
Every Market Wizard, talks about having a trading edge.
The foundation of EVERY successful trader is their trading edge or edges, if they have more than one.
The only way to reach our goal in trading, is to have a trading edge.
The Reminder
Find a trading edge. The money will follow.
Next we will consider, what is the best trading edge in the world.
Have a wonderful day!