Hunt for structural setup

If I have to give one advice to a new or struggling trader, it would be to hunt for a structural setup.

A structural setup is inherent to market behavior and is valid till market structure changes.

Lot of time discipline is touted as answer to trading problems, but if you do not have structural setup no amount of discipline and mindset is going to help you make money.

All successful traders trade a setup or a bunch of setups which they trade day in and day out. They have skill specific to their setup, which they have developed over several hundred trades and .

Setup is a set of conditions used to enter and exit a trade. It is a set of controllable actions a trader can take to identify, enter and exit a trade.

Successful traders have vast expertise on trading a very niche setup.

The problem for beginner trader is that as a beginner you will not understand the importance of a setup. Because there is no manual or book which tells you that the key to trading is to find setup.

The other problem is in the beginning you will not be able to distinguish between a structural setup and a fleeting setup idea.

Any expertise is task specific. So defining a specific task to become an expert at is very critical.The first step in becoming a good trader is to arrive at a tradable structural setup. And then become an expert in trading that particular setup. It is a very microscopic skill.

What is involved in developing a setup is you start with a structural tendency of the market and develop process and guidelines to trade it. Then you refine the process and guidelines till it works. This is a iterative process.

The task for novice trader is to go from their current stage to a level where they have a setup which works for them and suits them perfectly. You will have immense confidence once you reach that destination. Once you can make a setup work, then it is easier to make other setups work or develop other setups.

So if you are a trader looking to progress your trading further hunt for structural setup and develop expertise to trade them.

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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