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

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

Lovely +4R Profit on the NQ

Hi Everybody,

Another good day on the US e-minis yesterday with a standard automatic TS buy setup on the 3min NQ, please see attached. As you can see, the NQ rallied nicely to reach the first projected profit target, where a nice +4R Profit was available. Note how the STF was weak (not past its strength band) indicating that the WPT targets should be used for the trade exit.

A completely standard trade managed using the standard management guidelines........

Thanks, Steve

TS4 sell nails the high !

Hi Everybody,

After a few quiet days it was nice to see this TS4 sell on the 5min YM nails the high of the day, right before a sharp fall. AS you can see, this short trade nailed this decline in the 5min YM perfectly.

As the YM got to the first projected Profit target, the STF was strong (beyond its strength band), so standard traders would have swapped to the ATRStop. This held the short trade for a very nice +5R Profit (ignoring slippage and commission).

But what amazed me was where the decline stopped, please see the Advanced Blog for this.

Thanks, Steve

Keep the losses small.......

Hi Everybody,

Yesterday was a brilliant example of why it is so important to keep the losses small. What most amateur traders never realize is that losses can and do happen, but the trick is keeping them small and under control.

On the 3min YM yesterday we had 4 automatic trades, 3 were losers BUT (and this is the important point) the 1 profit make +3R (ignoring slippage and commission). To have 3 losses and only 1 Profit and to come out break-even on the day is a brilliant result. Amateur traders must understand that losses can and do happen. We are one of the few companies that talk about losses, and it is important to understand that losses will happen in this industry.....

Thanks, Steve,

Please see the Advanced Blog, where I will show a trade I talked about a few days ago that would have made yesterday Profitable overall.