How to put a winning strategy together

A reader asked how to put a winning strategy together.....

A overall mental model about how market operates and why.This is your base assumption about how the market operates and why. What forces affect the market. How do they interact. Why market and market participants behave in certain manner. Consciously or sub consciously you will have some model about this. If your current model is faulty, you need to replace it with right model based on research and market history.
A mental model about how moves on individual stocks operate and why.This can be a very simplistic model like that of technical analyst or more sophisticated based on proven market anomalies.
Given a understanding of market and stocks, you need the ability to formulate a strategy. Strategy selection in market will involve choosing a style like growth investing, value investing, contrarian investing, momentum investing, high frequency investing, statistical behavior based investing, etc.. This will form the essence of your vehicle selection strategy.
Once strategy is clear then you need to think of trading mix elements like entry, exit, stops, risk per position and overall risk.
Once all these elements are though through is when you look for trading tools like software and information and data sources.
The next step is scans, processes, tactics, and other details.

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.

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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.

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