Hi Violet VN,
Norman Hallett here from The Disciplined Trader Intensive
Program.
After turning 50 years old (and since 60), I started to look at
my trading a little differently.
I wanted to trade less (spend less time doing it) and with
equal or greater results of my short term trading.
I decided to learn from my 30 years of trading experience
and boil things down to WHAT WORKS FOR ME.
I did 4 Basic Things...
ONE:
I looked through (statistical study) of the trade setups that
worked for me over the past year and identified the TOP
3 setups... those MOST likely to get a trade STARTED
in the right direction.
TWO:
I made a commitment to take my trade signals off of
DAILY charts only.
THREE
I developed an exit strategy that only need adjustment
once a day.
FOUR
I trained my mind on a DAILY basis to be patient to wait for
the A+ setups (step 1 above).
The RESULT...
My life is simpler, I have more time to relax, run my
coaching business (The Disciplined Trader Intensive)
with more ease as I'm able to help more traders, and
I'm having great trading results.
I had to expand my risk tolerance in some cases to
accommodate the wider price moves in a daily chart,
but that's been offset by the fact that I'm sticking ONLY
to high probability setups (again, step 1 above).
In our "The Disciplined Trader Intensive" we cover
the notion of "patience to wait for the A+ trades" in
depth but I wanted to give you this view today, as I
woke up this morning and had my patience pay off,
which prompted me to share my joy!
Since my commitment to spend less time trading, I've
had more time to take a look at other trading systems
that meet my "spend less time trading and get great
results anyway" criteria.
I hope you are benefited by it.
Although I trade primarily the Futures markets, I
do look at stock trading systems, forex systems,
etc., AND...
IF YOU'RE A STOCK TRADER...
Ex-Floor Trader, Rob Smith, is giving a Webinar on
a trading system that he claims "slows down the action"
of the market and allows him to trade...
one hour or less a week.
He's a step ahead of me on the time-scale thing!
Anyway, I'll be checking out his Webinar tomorrow where
he explains his simplified trading process and if you'd
like to join me...
(It's on Thursday, July 1st, 7:30 PM Eastern)
NOTE: If you can't make the Webinar, REGISTER ANYWAY,
as I'm sure he'll send a replay link to those who register. Then
you can watch it on your own time (although it's always best
being there)
From what I was told, he's an opinionated guy and give a
lively and informative presentation.
But it's the one hour a week thing I'll be zooming in on! :)
Good Trading!
My best,
Norman Hallett, CEO
Subconscious Training Corp.
Subconscious Training Corp.
BE THE DISCIPLINED TRADER:
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