Popular in Course
verified elite notetaker
Popular in Business
This 3 page Document was uploaded by an elite notetaker on Monday December 21, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 12 views.
Reviews for Technical-Analysis-Swing-Trading-Method-Transcript
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 12/21/15
The Best Swing Trading System For You - transcript 1. Title Slide 2. Hello everyone, this is Roger Scott from Market geeks and today I have another video tutorial for you. Before I begin I want to remind you to visit Marketgeeks.com for your free swing trading strategy report and don’t forget to subscribe to our channel for swing trading videos and trading tips. 3. During the last few months, I received over one hundred emails from traders asking me what the best swing trading system is and how they can purchase or create such a system for themselves. I thought I would write an article detailing this important topic so traders could understand the real issues at hand. 4. Most traders who start out go through this process, this process fortunately or unfortunately depending on how you look at it is remarkably similar for most traders, it’s so similar that there’s a pattern to it. 5. The first stage most traders go through when they discover trading is excitement and thoughts of making money. Let's face it, people don't get interested in trading so they can stare at the market all day, people are attracted to markets and making money from the markets. This is the stage where traders create ideas in their mind about the markets. Typically traders underestimate the difficulty of profitable trading at this stage and are driven by advertisements and books that they read about making easy money and how anyone can make money if they follow simple rules. 6. Eventually, after a few weeks or months of trading, two things will happen. The trader either realizes that trading is substantially more difficult and it will require actual work and dedication to learn to do it properly or the trader gives up. 7. The traders who continues and perseveres, moves to the next stage, this is the stage where the trader begins to understand that trading is not as easy as he/she was led to believe in the beginning This is the stage when the trader begins doing actual research and starts learning about all the different indicators and how to use them properly. The trader still believes that they can just create the best swing trading system or buy a simple system and they will become profitable. 8. I call this stage indicator fascination because during this stage, the trader goes on a search to find the perfect indicator, the one that will produce the highest percentage of profitable trades with the lowest risk. Many traders get stuck in this stage and never move beyond it. These are the traders who believe that the more they know the more profitable they will become. Each few weeks, they buy a different indicator that promises easy money, they buy books trading books that promise the world and they go on a mission to find the perfect indicator. This is a very common stage for traders and the most common stage for traders to fall into. 9. The next stage is the self perspective stage; this is when the trader becomes aware that it takes more than an indicator to become a successful trader. This is the stage where the trader realizes that his mental state has everything to do with making money. The interesting part about this stage is traders begin to take responsibility for their actions and begin to understand that profitable trading is inside of them and no indicator will make them a profitable trader if they are mentally not prepared for it. They begin to understand that psychology has much more to do with profitability then they originally believed. The trader finally realizes that the search for the best swing trading system starts with learning more about trading psychology and how it affects them, instead of searching for the holy grail or the most profitable indicator. 10.This is where the trader begins to learn about Positive Expectancy, Risk Control, and Money Management. The trader slowly begins to let go of their preconceived notions about the markets and starts to focus on what really matters. The trader begins to create his own strategies and techniques that fit his own predisposition. Instead of focusing on get rich quick indicators the trader focuses on indicators that work well with his/her personality. This is the stage when traders begin to get it, to understand what real trading is all about. 11.Unfortunately, many traders don't reach this stage; they lose their trading capital, develop negative feelings towards the markets or lose faith in their abilities to profit from trading or worse yet a combination of all three. 12.The trader himself has to realize what the best swing trading system is for him. Everyone is different and each trading system or method will fit each person differently. Some traders stick to breakout methods and others only trade reversals. It's all about what works for you and you have to be the one to figure it out. Our job is to help you go through these stages as quickly and painlessly as possible and help you find a system or a strategy that fits your personality. We are people just like you who had to go through these stages ourselves. We have helped thousands of traders find the best swing trading system that fits their personality and we can do the same for you. 13.That’s it for today’s video tutorial, if you have any questions or comments feel free to contact me at RScott@marketgeeks.com. Don’t forget to visit marketgeeks.com for your fee swing trading strategy report and don’t forget to subscribe to our channel for swing trading videos and trading tips. I wish you all the best in your trading. http://www.marketgeeks.com/best-swing-trading-system/
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'