12/12/2014

To become profitable trader think setups

If you develop the ability to think in terms of setups , you can shut out all noise.

Once you think setup your mind will work in terms of pre defined process flows and trade selection and management criteria.

Then you don't need to worry about what any Noah Sophia Liam Emma Jacob Olivia Mason Isabella William Ava Ethan Mia Michael Emily Alexander Abigail Jayden Madison Daniel Elizabeth Mark Peter Dan or James thinks about market or an ETF or stock.

The day you can do that you will have graduated to higher level in trading.

If you have a well defined setup trade show up in your method and you buy them or short sell them. You exit the trades at appropriate time as defined by your setups.





Both of these trades are part of Stockbee Momentum burst setups. They triggered and showed up on setup scans at right time. 

If you understand the Momentum Burst setup you can find these trades on your own. You know how to manage these trades , where to enter, where to put stop, where to exit and so on. If you understand the method and study in depth, you can do this on your own.

Start your new year with a setup thinking emphasis and develop setups .

If you want to be position trader study position trading setups and perfect them

If you want to be swing trader study position trading setups and perfect them

If you want to be day trader study position trading setups and perfect them

Atop following others trade and concentrate on setups, that will make you independent trader

No comments: