Then along comes a good trade

As I said in my last post, sometimes trading can be frustrating, but it is usually not long before a good trade comes around. For example yesterday on the 5min FT (Russell Index), this TS£ buy nailed the low, just before a nice rally.

Using the standard trade management guidelines, would have produce a nice +3R Profit (ignoring slippage and commission).

Amateur traders often get frustrated after a loss and as such miss the next (good) trade, and as such end up in a spiral of defeat. Professionals learn to trade without emotion and just follow their trading guidelines.

Thanks, Steve

The realities of Trading....

Hi Everybody,

Too many Gurus and software vendors just tell you “what you want to hear” to sell you their products. This is because they are not reek traders themselves. But we are different here at MTPredictor, we tell you the truth, including how hard and frustrating trading can be in the “real world” sometimes. For example, when we had a lovely TS3 buy setup yesterday that was stopped out buy just 1 tick before going onto the original profit target.

This is frustrating when this happens, but in the “real world” things like this do happen. The market is not out to “get you”, it just happens sometimes, and as professional traders, we must learn to not let it affect us. There will be a good trade to come very soon.

Again, we are one of the very few companies that tell you how trading is “in the real world”. I just wish there were more companies in this industry that have the same view....

Thanks, Steve