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Universal Market Trader - Trading Maxims to Trade By
When you trade the markets on the move, and there are many, and you combine that with consistent timeframes using the Universal Market Trader your success is quite achievable. There are some elements we want to always remind ourselves of, especially when you start learning the system soon. Here are a few of these: 1. I am not smarter than the system. This is one that personally I've had to remind myself on many occassions. Let the set-ups do their thing -- take the consecutive trades as they occur. The worst thing you can almost always do is take a loss or two and get gun shy. I cannot tell you how often that happens to be the exact point you'll win the next 5 trades. 2. Do not fight the charts. There are simply some extremely obvious areas of potential resistance and support. If you recognize that -- work around it. When the trades work - they tend to go, go, go. There is no need to enter a trade fully knowing that you are entering at a point of disadvantage. 3. Realize that on any given day there will be a group of powerful markets. You may not always be trading the best market(s) on a given day. With a system as powerful as the UMT, you can look at more than one market - you'll learn fairly quickly which charts simply have "profits" written all over them. Never be hesitant to trade another or even switch, even just for the day. If you decide you will stay steadfast to one market - that works fine as well. Just go back to rule #1 and keep trading. I have seen us win 9 out of 10 trades on many occassions - and I cannot tell you how often that might happen AFTER a couple losses. 4. Never force a market or timeframe to work. When you literally have a gourmet buffet of market opportunities - and you do now - why force a market and/or timeframe that is "o.k" when you can trade one, or several that are great. You have a Universal strategy - take advantage of it. If I can trade a market/timeframe that is positive, wins 60% of the time and gets me respectable gains, or I can make a change to the market and/or timeframe and suddenly be positive 70% of the time or more should I be stubborn with the former? Go back to Rule #2. Do not fight the charts. The trading videos we will be showing on a regular basis in the day's and weeks ahead you will see everything we mention here demonstrated. You'll see markets get hot, you'll see them hiccup, then turn it around later that session or later that week depending if you are day or swing trading. You'll also see alternative markets that you can be trading that just might be outpacing everything you are currently trading. New opportunities lie ahead without any doubt. VIDEO POSTINGS WILL START SOON - CHECK BACK SHORTLY
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