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Day Trading Strategies
Day Trading - Stop Gambling,
Start Winning
Gambling you life away - both financially & emotionally - is not fun. Investing, swing trading, and day trading, old-school, is now just like gambling in any Las Vegas casino - the House always wins. In the daytrading business , the 2% winners, just like the casino gambling business, design their software to kill
the 98% losers, precisely when losers least expect to lose so much, so fast.
Why so much losing?
Why are you losing?
First, your day trading strategies are obsolete, as you
experience huge, unexpected losses, smothering the few marginal wins you squeak out, that tranquilize you in a loser's game of hope and pray. over the months and years of trading are killing you - both financially and emotionally.
Another way of describing this - your daytrading strategies, all the different trading systems, tools, and skills you've developed Second, nearly every traders trades with an enormous sense of knowing - arrogance.
In business arrogance (planning) counts.
Business planning, implementation of the plan, and marketing are prerequisite for any success No so while trading.
To Win, you must give up thoughts about the past and the future - to be in the present day trading real time.
Planning, forecasting kill.
While investing, swing trading, and for sure, while day trading arrogance (thinking you can forecast future price action) is simply a waste of your time and energy. Day trader arrogance has become a huge distraction from winning. And third, trading on your own, without a coach is simply stupid. No offense. Can you imagine a world-class athlete playing at the top of the game without a coach.
Same for executives, particularly CEOs, same for national politicians - they all learn to be the best with outside support - a world-class Coach.
There you have it.
3 Sources - Day Trader Failure1. Day Trading - Old-School
Daytrading with an obsolete day Trading System
Now you know your day trading strategies, the ones you hear about all over the internet and in the endless day trading books - those games are now found to be dead-ended, useless for winning. The day trading game has changed,
so have we,
and so can you.
2. Day Trader - Arrogance
You know it.
I know it.
Winning these days required a learned, intuitive sense of effective trading action. It's not about your knowledge or knowing - past, present, or future.
I'm not going into this here as you are not my client - yet.
Just think about when you performed at your very best at anything.
Sports - Driving - Sex
You frequently performed at your best, at times masterfully, absent knowing - just doing, in the now.
With enough practice under your belt, you played with ease. Your play, your performance was timeless, effortless. What's missing for traders is mastery. 3. Day Trading - On Your Own
"Day trading without an actively trading, masterful stock
coach is insane." Not much that needs repeating here. You need proof just ask the next person you talk to about this.Or ask anyone who grew up without a father as their coach how lousy that was. No one succeeds - on their own.
Take charge! Learn to day trade new-school, with compassion and wonder, with your own go to day trading coach by your side.
Shift from trading the loser's stock trading game to the winner's trading game. That's the winning formula - a world-class stock trading coach, trading the new stock trading game, with other winners in a day trading room.
Day Trading - Problems
Working with a strategy development consultant in the corporate world is no different from working with a strategy consultant in the business of investing, swing trading, and day trading stocks.
For any business to succeed profitably, it must find its way, its strategy - direction.
There are unlimited factors that influence the success or failure of a business - factors within and external to the business.
Internal factors influencing strategy include: real estate, staff, management, equipment, systems and so on.
External factors: neighborhood and infrastructure, regulations, markets, economy, politics, competition...
So it is with day trading stocks, but the key factors influencing profitability are far fewer and unigue to trading, as compared to any other business providing products and services.
Day trading strategies only work when you analyze and align the important internal and external business factors, such as:
Important internal day trading factors - risk capital, risk tolerance, trading environment, computer and software systems, trader knowledge, competence, and performance results.
External factors - internet service provider, band width and latency, broker, software, market, economic, and technical information.
For a day trader to succeed in this business, one overall day trading strategy needs to be developed to reflect all these factors, but the overriding factor, the day trading system or game itself must be spot on, like a compass pointing to true north, for any chance of big money success.
At the heart of your day trading then is the day trading system you apply - your game strategy, governing your trading rules, and the trade execution skills you apply to make real money. You get the game or system wrong, you will get killed, much like competing against Tiger Woods with a tennis racket. You will be busy hitting lots of balls but you will not win.
So what are the pitfalls to day trading stocks.
Number one on the list is a focus on money - making money, losing money and all the moods
experienced in between winning and losing.
Second to the issues we face in developing successful relationships, money issues cause us to get the most rattled and angry.
I'm not going into the details here - you already know the dreadful feelings that accompany losing.
Here's what we both know - a focus on money while trading is a killer. Thinking of money, good or bad thoughts, while trading throws you off your game.
Money thoughts are at the source of all losing.
The only way I know of to win, is to shift focus from the money to winning the game itself.
When we shift our attention from the money to winning, we think about individual performance, not financial performance.
We also think about learning and performance, the development of the strategy, system, and skills we need to win, and as you've heard before, then the money will come.
From long experience, I can be right up front with you - you won't get that shift to occur on your own.
You need a coach.
In summary, the day trading strategies you develop, the day trading system you use, and your perspective with a shift from the money to winning - these 3 factors govern your trading business outcome, whether you will win or lose, succeed or fail.
That you have yet to become a big money winner, my advice to you is to get the help you need to get on the right track to winning, develop the sills, competence, and support you need to stay on track to become a consistently profitable winner.
So here are the problems all traders have:
First, all stock traders behave like gamblers at Las Vegas - on their own, hoping to make a killing, applying whatever system, trick, whim of the day in hopes of making big bucks fast. And like gamblers they get the same results, over and over - losing. The chances of beating the house in Vegas are exactly the odds all old school traders have of beating big money winning traders - slim to none.
Second, stock traders are blind to their gambling, the source of losing. After spending a small fortune on educational programs, investors, swing traders, and day traders arrogantly believe they have what it takes or success.
"All I need to do is wait for the right trade to come along and - boom - success will happen"
"I have everything it takes to make big money. I've been successful in business and I'll make it in this business. I have everything it takes to make big MoneySuccess is right around the corner." I wouldn't hold your breath. Third, like most businesses that get off track, or gamblers that know they are addicted, losers don't see how they can stop losing. They become lost in a sea of losing.
Fourth, no organization on the internet offers a way to stop this addictive losing. Until now.
Contact Us Today - for your Free Consultation. 949-218-4114 John McLaughlin, Stock Trading - Consultant / Coach / Mentor Helping online trading losers (troublesome, dissatisfied, not profitable traders, and bored traders) become consistently profitable stock trading winners, so they can earn thousands a day, day trading stocks. Formerly an executive consultant / coach / mentor- over 25 years helping CEOs and other senior managers develop and energize their businesses, careers, and relationships - within the banking, real estate, insurance, and high-tech industries. Additional Stock Trading Information: Day Traders Win
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