Methodology trumps the market

There is lot of blame game going around today. It is human tendency to blame others and government and policy makers for the market action. But that view misses the crux of trading. As I have said before the most important starting point for successful trading is methodology and methodology trumps markets.
Market is ever changing. Market is not predictable. Market is complex. Market offers too many choices. Market is not controllable. But methods are controllable. Methods can be constant irrespective of the market situations. Methods are under traders control. Your trading mix is completely controllable and that is the key to profitability.
If you have a well defined market direction determining system, you would not be long in this market or would have had some downside protection. Putting together such system well in advance and thinking through all elements of trading ahead of time is what methodology like Market Monitor is all about.
Staying in the game is extremely critical in the speculation game. If you stay in the game you can convert your small stakes in to millions.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

2 comments:

nodoodahs said...: Good re-affirmation.

I've been asked a few times what I thought about the market direction in the last couple of weeks, and I've had an opinion, but I've just about always presaged it by:

(1) describing what my systems were doing;
(2) stating which system I was trading with my own money; and
(3) stating that I was going to follow the system.

The people that wipe out either have no documented system (i.e. a "system" based on discretionary emotional response), poor risk control, or both.

Seykota said it best, people get what they want from the markets, and the best measurement of your intention is your results.; Jan 22, 2008, 9:26:00 AM
Anonymous said...: Kind of weird, Fed cut the interest rates, however, all the indicators including the Summation index, actually went DOWN, including stocks above the 20 moving average, dropped 1 %...; Jan 22, 2008, 8:32:00 PM

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