Wait for your setup to show up (reproduced from members site)

Define your setup in great detail. Do all the thinking when you decide to trade a setup. Convince yourself that you can make money using this setup logic. Research your setup in microscopic details.Then master it.

Effort involved is one time.

After that just wait patiently for your setup to show up and then pounce.

As against that what do you see day in and day out.

Brownian motion.

Someone says Bollinger band, every one runs for them.

Someone says 20 day MA everyone runs in that direction.

Someone says pivot point again and then there is a mad scramble to get scan for it.

Someone does a webinar on Worden then everyone runs to copy that.

Someone says short a stock if it trades 20 days above 20 day MA and then everyone runs after it.

In the process you are just flirting from one idea to another and from one setup to another, without getting in to depth of any one thing. Besides that just copying setup does not help if you do not understand the structural logic behind the setup.

Lot of traders are chasing mirage instead of mastering a setup.

They trade 20 different setups in 20 days and go no where.

And then they wonder why they are not making money or why they do not have confidence.

Learn from this very good observation by Ed Seykota on setup

The lizard ... just hangs around on the rock ... and waits and waits and waits ... for his pattern to show up ... and when a bug comes along, he makes his move, right from the gut, without thinking about it. Moral: When trader becomes that automatic, then he, too, can hang around on a rock and catch a lot of bugs.

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.

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