Run Your Stock Market Trading Strategy Through This 3 Question Filter for Greater Success

Any stock market trading strategy much be looked at critically and objectively before it is employed in the market. A seemingly perfect trading strategy often fails because the traders does adequately understand the strategy or them self. By asking the following three questions in regards to our trading strategy we are more likely find a strategy that works for us personally, not wasting our time and money on something which stands little chance of bringing in profits.

These questions can actually be employed for any situation, not just trading. These questions focus us, and make sure we are constructing a proper plan for action whether it be in relationships, business or negotiation. It is recommended that you write down your thoughts on each question so you reach a sense of finality, truth and self-awareness.

After you have devised a stock market trading strategy, make sure you run the plan through these three questions. You can also go through these questions before you create a trading strategy, but make sure you do it after as well.

1. What outcome do I want to achieve in (or through) the stock market?

Simple enough, but not so fast. This is actually a more complex question than most people realize. Do not say”Make more money” or “Be able to quit my job to trade stocks.” These are vague and mean nothing-you must get precise in what you want to achieve. The results must also be tangible and measurable-“get rich” is not measurable (how much is rich and how will you get there?).

You must also consider the short-term and long-term and how the two need to work together for the same ultimate goal. For instance, if your goal is simple to make money as quickly as possible you will likely try for home-run trades, usually risking too much on each trade. While you may get lucky and have some short-term success over the long-term you will lose everything you have with such reckless action. In other words, this short-term goal is likely at odds with a long-term goal of sustained capital growth into retirement (which is also vague, get specific!).

Take a phrase like “I want to get rich” and widdle it down to a specific target outcome which is measurable and achievable. Write all your thoughts and considerations down, and then take the final result, and put it next to your trading computer so you will be constantly reminded of the outcome you want to achieve.

Your final question related to outcome is: Does my trading plan get me to the outcome I want in the short-term and the long-term? If it does, proceed to the next question. If the trading strategy falls short, go back and rework the trading strategy so it is in line with your desired outcome.

2. What are the consequences of my trading strategy?

You now have an outcome you want to achieve, and everything looks great on paper. Yet, most of us like to indulge our fantasies especially when it comes to our trading strategies. We assume we are smarter than others, and our sheer brilliance will make us money. Wrong. Therefore, write down everything that could go wrong with your trading strategy. Be brutally honest and specifically critique what could blow your strategy to bits.

After you have your list, go over it and ask yourself once again if the outcome you desire is still achievable given the potential consequences of the strategy? Given the realities of the market (no delusions here) can your plan make money? If your trading strategy meets your desired outcome and you can handle the consequences then proceed to the next question. If you can’t handle the consequences your strategy may dish out, then re-work your plan till it is within your personal risk tolerance given the harsh reality of the market.

In this step also consider other consequences outside of the markets. For instance, will the time required to execute the trading strategy take away from family time or beers with the buddies? Can you deal with those consequences? Can your family and friends deal with it? We don’t live in a bubble; our actions affect others, and their actions affect us. Consider the consequences of what you are doing and the effect it will have on yourself and others. Make sure you can handle such consequences.

3. Is my trading strategy consistent with who I am?

This is by far the most important question, as it is where most people fail to account for their individuality. Your trading strategy may look good on paper; it meets your objectives, you can handle the consequences/losses which may result from it, but if it is inconsistent with who you are it is all for not. If you do not like stress and constantly having to watch the market, no matter how much you want to be a day trader it is not going to work–your plans will fail because it is at odds with who are. Alternatively, someone who can’t sleep while they have an open position in the stock market (or any market) is unlikely to achieve long-term success as a swing trader.

Look at your plan and then take inventory of you who you are. Do you and the trading strategy mesh? If not, re-work the strategy. If you feel you will constantly need to fight internal urges and aspects of yourself, then your strategy will likely fail. Or you may need to set physical barriers to keep you from your tendencies, such as turning off monitors after entries, stops and profit targets have been set. This will help you to avoid exiting positions too early if this is one of your tendencies. It may mean having to leave the house or trading office during lunch if you continually violate your rules during this sedate part of the day.

Know yourself, and then build your trading strategy so it factors you and your tendencies into the equation. If you and your trading strategy do mesh, make sure you are not lying to yourself, and then proceed with executing your plan in the stock market. If the plan has passed through these questions in an honest fashion, you will be well on your way to achieving your stock market and financial objectives.

Summary

If you are struggling in life in or in trading, run your decisions and trading strategies through these three questions. The questions, if fully and honestly answered, will clarify your objectives, make you aware of potential risk and ultimately determine if the strategy you have chosen is right for who you are. Trading is more than just plunking a plan on paper or striking the buy and sell keys, you must make sure your trading strategies align with your life and your personality. Stop losing money in the stock market (any market) and get honest with yourself. Trading strategies that do not align with who you are will result in let-down after let-down. Trading strategies that have passed through the three question filter honestly and completely, are more likely to bring you success.

The Four Keys of Identifying Winning Trading Strategies

Most traders are on a constant quest to discover winning trading strategies. And yet, very few Traders are ever able to find and successfully implement these winning trading strategies.

Why is that? What is it that is so elusive about these winning day trading systems and strategies? Where can you go as a Trader to find the most powerful and accurate winning trading systems and strategies available?

The fact of the matter is that most well-thought-out day trading systems and strategies can and should be winning day trading strategies IF the Trader has discipline – both in following the day trading strategy exactly, and also in sticking with the trading strategy.

Yet it seems that most day traders will try what should be a winning trading system or strategy just once or twice, and if it doesn’t immediately yield positive results, these traders quickly abandon it and move on to the next “hot trading tip”.

And these same Traders wonder why they can NEVER create consistent Day Trading success – why they can never lock in on that one winning trading strategy.

To help you along on your quest, we’ve created a four-step punchlist for you to follow as you continue your quest to identify winning trading strategies. Pay close attention to this list – it could be the “game changer” you’ve been looking for as a Day Trader.

The Four Keys To Identify Winning Day Trading Strategies:

1. Keep It Simple, Stoopid! The best day trading systems and strategies are also the easiest to learn, understand, and master. The more complicated a trading strategy (and believe me, in the world of technical analysis, there are PLENTY of ultra-complicated trading strategies), the less like you’ll ever be able to turn it into a winning trading strategy for yourself.

When looking for winning trading systems or strategies, find those that are simple, easy to execute, and that don’t require an advanced degree in statistical theory to comprehend.

2. Speed Is Your Best Friend. The longer you’re in a trade, the more time there is for something to go wrong. When searching for those elusive Winning Trading Strategies, find one that allows you to be in and out of a trade very quickly (my average trade lasts less than one minute).

Find day trading systems that don’t focus on “long term” trading (i.e. anything longer than a few minutes) – it’ll be better for your trading account AND your stress level.

3. Don’t Be A Stock Chart Zombie. Most (nearly all) trading systems or strategies require you to spend hours and hours a day chained like a slave to your computer, making trade after trade after trade, all…day…long. Is that really the life that you’re looking for? Wouldn’t it be better to be in, out, and on with your day?

In fact the slogan “get in, hit your target, get out…like you were never there” is speaking directly to this idea. The problem is that MOST trading strategies require you to watch for indicators that will “predict” when market movement will happen, and also which direction to enter the trade.

Wouldn’t it be easier, and flat-out BETTER, if you already knew exactly when market movement was going to happen, and then how to take advantage of that movement? Couldn’t you significantly reduce your trading risk if you had these three factors in your day trading arsenal? The less time you have to spend executing a winning trading strategy, the more like you will be to maintain your discipline as a Trader. Speaking of…

4. Maintain your discipline. No matter what day trading system or strategy you ultimately decide on, discipline is absolutely 100% necessary for you to become a successful trader. You MUST maintain your discipline as you execute your chosen strategy, and also as you keep working at perfecting it.

Lack of discipline has perhaps ruined more would-be Traders than any other flaw. Even as an experienced Trader, I sometimes find myself growing impatient with my own trading system (even though these strategies that I use develop almost instantly and I’m usually in a trade for less than a minute). And its when I veer off course of these winning trading strategies that I find myself limiting my profits, or even turning winning trades into losing trades.

As a day trader, there is no characteristic more important in your trading practices than the ability to exercise a high level of discipline. And ironically, there is no trading skill that is harder to master than unbending, unyielding discipline. It’s something of a Day Trading paradox. But its also a real trading skill that you MUST master if you are going to ever achieve consistent day trading success.

So there you have it – the four keys of identifying winning trading strategies. Of course, not all trading systems are created equally…and if you’re going to achieve day trading success, it’s on YOUR SHOULDERS to identify those day trading systems and strategies that will give you the greatest chance of success.

Phentermine: Assisting You Get the Job that You Want

Seeking employment is never simple particularly nowadays when the competition is tough. Other than exceptional educational background and superb work experience, most of employers now are also concerned about visual appearance. For that, looking great and physically fit are required for an individual who is searching for a job. This is the primary reason why job hunters would generally do anything to match the beauty standards of these firms.
Many job seekers are experiencing weight issues. There are some companies that do not choose obese applicants and like those who are fit. You can lose fat more quickly if you use phentermine (click here to read more), which significantly assists you in getting the job that you like. This is a stimulant that curbs hunger and is regarded as one of the best medication for weight loss. This diet pill is selected by countless overweight people in order to shed excess weight effectively. One of the things that you need to take note about phentermine is that you can just take it upon the recommendation of a practicing medical professional. 
Prior to actually ordering this pill on the internet and even in retail stores, a consultation with a dietician or a physician is utmost essential. Doing so will guarantee you of a product that is both effective and safe. Your physician will tell you about how to make use of the product, and you must follow it. Remember that Phentermine is for short term use only. Your doctor will tell you how long you will use the pill, and you should stick to it to prevent unfortunate occurrences.
If you like to obtain the best results, then couple phentermine with proper diet and exercise. This will also make it easier for you to maintain your weight and figure even if you already stopped taking it. Self confidence plays an important role whenever you apply for a job. While a fantastic resume is significant, it is more beneficial if you can back it up with great looks. However, you also have to bear in mind that getting the job and keeping the job are two different things. This means that after getting hired, you still need to perform excellently.