Most traders hate to hear that successful trading has more to do with DISCIPLINE, PATIENCE and Risk Management … but the truth is you don’t get rich in this business by taking quick profits… think about it for a second, that’s like a farmer who plants seeds, then goes out and digs them up each day as he wonders why his crops don’t grow.
Keep reading, I’m going to implant a valuable trading lesson later in this blog post, but for now, let’s take a look at the current trading results…
The performance of the “Multiple Time – Frame” analysis on MTPredictor made a new equity high (as seen on the chart below) for today on Wednesday – April 11, 2012.
Click on chart to view larger image
The results posted on the above chart are based on a $10,000 trading account starting on November 14, 2011. The Yellow highlighted area represents the period using the new “Multiple Time – Frame” analysis… We covered this approach in the last Blog post and you can read it here:http://ninjariskexpert.com/did-you-catch-this-trade-today/
Click on chart to view larger image
The chart above breaks down the results by Annually, Monthly and Weekly. If you take a look at the highlighted GREEN sections, you can see the performance of the “Multiple Time – Frame” analysis and how this has made a HUGE impact on the results.
Click on chart to view larger image
Next, we can look at the chart above and see the Daily performance. Notice the results highlighted in the GREEN area – this was today’s trading. The results were outstanding and today was the largest trading day to date since we starting posting the results using the MTPredictor software.
In fact, S. Donahue (a successful trader that I’m working with in my coaching program) wrote me the following note tonight and sent this chart of his trades today:
Hi Matt,
I actually just set up my Market Analyzer and workspace and tracked today’s trades using just the times that I would typically be trading (9:30 EST to NY Close, using the same instruments + a couple) and came up with 6 winners, 1 scratch, 0 losers, and a whopping 26% gain after generous slippage and commissions assuming 2% risk. I used the rule of minimum of 2 simultaneous (Multiple Time-Frame) signals, and use the smallest timeframe entry as the order of precedence. There was even a scenario where using a touch of advanced analysis would have yielded a slightly bigger gain on one of the trades, but I like to assume the worst case scenario.
On a modest $10,000.00 account, that’s a gain of $2609.00, with a worst case loss of only about $1400.00
I’m sold!
Thanks,
S. Donahue
Thanks – And let me add this to those folks who are reading this… S. Donahue is one of the smartest traders I know and and expert at using MTPredictor, so why is he in my coaching program? Because he’s working on mastering his trading with an expert. I make this coaching available to everyone and you can learn more about it by clicking on this link: http://www.indicatorwarehouse.com/company/trading-experts/matt-bowen/
Most traders think successful trading is banking as much money as possible in the least amount of time. Well, let me ask you something… How’s that working out for you?
I too got caught up in that thinking, I was my own “island” and didn’t think I need anybody’s help – that was until I ran out of money from making too many bad trades and not managing the good trades. Here are two books that can help you understand how professional traders get consistent results:
I will tell you this… everything that’s in these books can be broken down into four (4) simple rules which are part of the MTPredictor trading system:
1. Find the trade setup
2. Check the Risk to Reward
3. Determine the Position size
4. Cut losses short and Let Profits Run
Almost all of the successful traders that I have met shared a couple of common rules about their trading and what REALLY made them become profitable:
1. They never risked more than 2% of capital on any one trade
2. They never made any REAL money until they stated using position sizing
3. They never look at winning percentages as an important metric of a trading system.
I’ve been around the trading business since 1982 and didn’t start trading my own account until 1988… I’ve worked as a broker, trading software educator and consultant to Hedge Funds, Commodity Pool Operators and Private Money Managers, but here’s the thing… These are SUCCESSFUL traders and None of them have winning systems that have 90% winning trades, yet the vast majority of them are consistently profitable traders every year… so how do they make money each year with systems that don’t Win all the time?
ANSWER: Position Sizing
Not convinced, this article… It will explain why it’s so difficult for most people to make money in the markets… but could be EASY if they would learn this:
http://www.indicatorwarehouse.com/old_site/blog/wp-content/uploads/2011/04/Traders-Journal-May.pdf
For most traders, one of the toughest things a day trader has to face is taking losses, but guess what? We all have them and they will never go away. If you are using a sound trading system that is proven to be profitable over time – you don’t have to worry about losses because if you continue to take the signals, you will find the few trades that will not only make up for the losses, but they will put you ahead for the day.
If you want to start becoming a profitable trader, you need to start using serious tools that will deliver results. Ask yourself this question:
Do I care if I’m right or do I care if I make money?
The answer will tell you whether you are trading for EGO or for PROFITS. It’s really that simple. It doesn’t matter how often you are right or wrong – it only matters how much you make when you are right, versus how much you lose when you are wrong…that’s the whole key to trading
MTPredictor is the only software on the market that automates position sizing along with the exit strategy. If you are interested to know how MTPredictor controls risk please read Chapter 8 of the MTPredictor trading course called: Position Sizing – This is the real “holy Grail” of trading (starts on page 48).
Next, I want you to continue reading this document because the next part is just as important. Many traders think they need to win on the majority of their trades and this is one of the reasons why so many traders are FRUSTRATED! On page 53 you will learn WHY you don’t have to win on a high percentage of your trades and you can still make excellent returns. click on the link below:
http://www.ninjariskexpert.com/images/MTP-Intro.pdf
I only wish somebody had told me this in 1988 when started trading real money, this way I would not have been so FRUSTRATED and didn’t have to go through 5 years of hell leaning how to make money at trading! You can learn it NOW and save yourself a lot of time and money… having this information is like having the “Holy Grail” on your desk.
Look, you can do two things right now… you can read this blog post, click on the links and say “That looks neat” or “That makes sense”, but I’m happy playing with my charts…
OR…
You can take this information and start trading like a consistently profitable trader and live the life you deserve… The choice is yours.
Last week Adam Halpern (President of Indicator Warehouse) extended the offer because we launched our new website and the servers were overloaded, so You can buy MTPredictor between NOW and Midnight Friday April 13th and we will take 20% off the order
Normal retail price $1921 with 20% discount = $1,536.80 for you.
Here’s what happens next…
When you buy the MTPredictor trading software, I will personally call you and set it up on your computer. I will then set up your Charts, Market Analyzer, Templates and Workspaces and then we will have a one-on-one discussion about your trading objectives. In addition, I will give you my personal skype contact, so you can send me instant text messages and get answers (fast) about any trading questions you have.
This offer will NOT repeat anytime soon.
$1921 with 20% discount = $1,536.80 for you. But you have to act fast this price will only LAST until Midnight Friday April 13th
Use Coupon code NEW20
If you have questions, please feel free to contact me, I look forward speaking with you about your trading goals and questions.
My very best to you,
Matt
Matt Bowen
Indicator Warehouse
Phone: 440-263-2084
E-mail:
matt@ninjariskexpert.com
Indicator Warehouse website:
www.indicatorwarehouse.com
Indicator Warehouse Blog:
www.indicatorwarehouse.com/blog
Click here and take the Tharp Trader Test
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