The System Introduction
Your Journey Starts Here
Congratulations! You are taking time to learn something new and that is what great traders do. In this section we will teach you our trading system. You’ll know how it works, why it works, how to trade it, and how to avoid common pitfalls. This collection of articles will be a work in progress and it will take years for us to complete it. Our plan is to hit each topic and subtopic in great detail and then add supporting articles over time. We will reinforce concepts with fresh examples.
Let’s start with the most basic question. What is a system and why do I need one? A system is a standardized decision-making process and it serves many purposes: it prioritizes the steps, it eliminates errors, it removes emotion, it can be refined and most importantly, it can be replicated.
First, we need to identify the task. As traders, our job is to find attractive trading opportunities so that we can consistently make money. Every task needs a starting point and ours begins with market analysis. It’s the most important part of the process. Our market forecast and our confidence in it drive all of our trading decisions. Next, we find the best stocks. If you master these two parts of the process, all of these questions will be answered.
Questions We Will Answer
“How much money should I allocate per trade?”
“Where do I place my stops?”
“When should I take profits?”
“What is the best options strategy?”
If you have been aimlessly trying to figure this out, take a deep breath. We’ve all been there. Study these articles; learn our systematic approach and turn chaos into clarity.
Let’s get started…