Cherry Picking............

It is amazing how many people who look at this Blog write in and complain that I “cherry pick” or only show the good trades. I guess these people have never seen this help video: http://www.mtpredictor.com/help/videos/65-history2/65-history2.html that shows how we have the “history triangles” on the chart so we show “all” the trades. So how can I “cherry pick” when the software shows all the trades ? People who complain like this are usually people who don’t do the required work to learn and understand what it means to be a successful trader, so don’t really understand what they are looking at.

Here is another good example – all trades shown and yes even with more losing trades than winners, a Profit is made overall. This is what successful Professional Trading is all about, and it was we focus on here at MTPredictor...... The tools successful Traders need. No pampering to what Amateurs “think” they need, there is a BIG difference, I guess that is why 97% of Amateurs fail in this Industry. So the choice is simple – do you want to be a losing Amateur or a successful Professional ?

Thanks, Steve

It is all about the losses...........

Hi Everybody,

While I was away, there were some very good examples of what it means to be a successful Professional trader. Successful Professional Traders know and understand that long term success is not about winning, it is actually about the losses and controlling them. Successful Professional Traders also know and understand that you can have more losses than winners, in fact it is easier to do this, BUT (and this is the part amateurs never understand) you can still come out on front “if” you keep the losses small and have BIG Profits this is what MTPredictor s designed to do.

Here is a great example on the 3min Russell Index from last Thursday, more losing trades, but a Profit overall.....

Amateurs never seem to understand that successful trading is actually about losing, in fact losing more than you win (number of trades), this is why I believe that most amateurs can never make it as Professional Traders, because they never can accept that successful trading is more about how you lose (keeping the losses small) than how you win.

Thanks, Steve

Away last week

Hi Everybody,

I apologise for not posting last week, I have just got married and I was away on honeymoon.........

Thanks, Steve