If you were asked to explain financial markets to someone who had never heard of them before, you would use terms like chaotic, random, volatile, unpredictable, wild, and never-changing.
Your first step as a serious investor is to dismantle it until you have a framework that can bring order to your business. Think of it like a sports field. Being on the field means you can trade, being off the field means you can’t trade. But not on the field. In team sports, athletes have a specific role and only participate in certain situations. Business is no exception.
A business book refers to a book of strategies used in certain situations. That is why they give good results in the long run. This means that they make money on x number of transactions even though nothing in the transaction is 100%. Investors see this as an advantage. When a business has the opportunity to combine multiple publications at the same time, it can be rewarding and profitable.
We live in a unique business, but trust plays a huge role in everything we do, including business. Has your trust in your business taken a hit? How do you feel when you realize you have built a business that is supposed to be on top of each other? You will trade with confidence and without hesitation. Is that right? This is why top traders believe in manual trading.
Your only tasks when live trading are:
- Recognise when the market behaviour matches a playbook trade.
- Execute the trade.
You will see the shortest and longest trades. But before that, it is important to understand why there are reports of high failure rates of traders outside the market. This is because these traders have no edge. That is, there is no catalog of deals that can produce good results in the long term. Building a book of business takes years of experience and experimentation. If you go alone you probably won’t get there.
But the good news is that you have a choice. You can learn how to trade while trading in a trading company or by working with a consultant who can give you general trading knowledge. This is a short rule of thumb for creating a profitable business. If you love the work but the poor results and slow progress are painful, there are two options that can help you overcome this.
Now, the examples are shared to show you:
- Order and form can exist in what is an otherwise chaotic and random environment.
- You can play the game on your terms, building your trust and confidence in trading.
- It’s how serious traders can operate a trading business that has long-term positive performance.
The short trade is taken when four playbook trades occur at the same time.
A long trade occurs when three letters are posted simultaneously.