Knowledge Base
Index
- 10 THINGS TO NEVER DO IN TRADING
- MASTER YOUR TRADING STRATEGY IN 6 STEPS
- 5 TRADING RULES FROM BILLIONAIRE PAUL TUDOR JONES
- TRADING IS A GAME OF WAITING
- HOW TO IMPROVE YOUR TRADING
- THE 7 LAWS OF TRADING SUCCESS
- TO HAVE A HIGH PROBABILITY OF SUCCESS IN YOUR TRADING YOU SHOULD
- HOW TO BECOME A DISCIPLINED TRADER FAST, 7 Steps:
- THE HARD REALITIES OF WEALTH BUILDING
- BEST ADVICE TO NEW TRADERS
- 10 COMMON MISTAKES IN TECHNICAL ANALYSIS
- FIVE TRADING RULES TO START WITH AS YOU BUILD YOUR SYSTEM
- THE HOLISTIC EXPLANATION OF TRADING
- SMART TRADERS DO THESE 12 THINGS CONSISTANTLY
- TEN COMMON TRADING MYTHS
- WHAT IS A TRADERS EDGE
10 THINGS TO NEVER DO IN TRADING
- Don’t over size – arrogance ruins you
- Don’t trade tired – fatigue destroys decision quality
- Don’t trade without a clear edge
- Don’t trade out of boredom – wait for opportunity
- Don’t trade after a big loss- going on tilt leads to more and bigger losses
- Don’t enter without an exit plan
- Don’t cling to losing trades cut losses fast
- Don’t trade based on past wins or losses
- Don’t force trades – preserve capital until the odds are most favorable for you
- Don’t fight the trend – go with the market flow
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MASTER YOUR TRADING STRATEGY IN 6 STEPS
- Collect 10 charts of your best trades
- Quantify what makes each a good trade
- List all technical confluence factors
- List how all the trades are the same
- Create a trading plan with the rules to capture these types of trades in the future
- Use this optimal trading plan in the future to optimize your trading
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5 TRADING RULES FROM BILLIONAIRE PAUL TUDOR JONES
- Don’t over size – arrogance ruins you
- Don’t trade tired – fatigue destroys decision quality
- Don’t trade without a clear edge
- Don’t trade out of boredom – wait for opportunity
- Don’t trade after a big loss- going on tilt leads to more and bigger losses
- Don’t enter without an exit plan
- Don’t cling to losing trades cut losses fast
- Don’t trade based on past wins or losses
- Don’t force trades – preserve capital until the odds are most favorable for you
- Don’t fight the trend – go with the market flow
“New TraderU.com”
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TRADING IS A GAME OF WAITING
- Waiting to trade until after studying
- Waiting to build a trading system until after back testing
- Waiting for a signal
- Waiting for a winning trade to grow
- Waiting for the next opportunity
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HOW TO IMPROVE YOUR TRADING
- Back test, read more, Cut losses fast, Develop signals
- Position size smaller, Study more, Trade less, Stop repeating mistakes
- Learn from the market conditions, Hold winning trades longer
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THE 7 LAWS OF TRADING SUCCESS
- Trading is a marathon – focus on long –term consistency, not individual wins
- Keep losses small (max 1%) and let profits run with trailing stops
- Judge systems after 100+ trades, don’t quit early. Manage risk to survive 100 trades
- Position sizing and risk control matter more than win rate
- Aim for steady gains through a repeatable process
- Back testing proves a systems edge, not price prediction
- A positive expectancy system with discipline wins over guesswork
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TO HAVE A HIGH PROBABILITY OF SUCCESS IN YOUR TRADING YOU SHOULD :
- Trade only in the direction of the overall market trend
- Let your system make all the trading decisions, not your opinions and feelings
- Buy only at the sweet spot on a chart
- Become an expert in the method and the instrument you trade on your watch list
- Trade where the volume is, I a market with momentum
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HOW TO BECOME A DISCIPLINED TRADER FAST,
7 Steps:
- Trade one strategy for 20 trading days
- Create fixed trading rules
- Trade a position size that keeps your emotions manageable
- Risk what you can afford to lose, position size vs stop loss
- Don’t focus on the money, focus on the rules. The goal is discipline, not profit
- Trade consistently with your strategy even after a loss. REPEAT
- Self-discipline is a skill developed through stubborn repetition of an edge
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THE HARD REALITIES OF WEALTH BUILDING
- If you aren’t disciplined with your first R10 000, you will never have R100 000
- The second R100 000 is a lot easier than the first, keep going
- Your first R100 000, comes slow.
- Your first R1million comes much faster
- Never give up, focus on the power of compounding
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BEST ADVICE TO NEW TRADERS
- Limit losing trades to 1% of your total trading capital based on your position sizing if your stop loss is triggered.
- Eliminate big losses from your trading I takes too long to recover
- Stop trying to catch tops and bottoms and focus on the swings and trends between these levels
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10 COMMON MISTAKES IN TECHNICAL ANALYSIS
- Technical analysis is a trading tool, not a crystal ball
- Don’t force patterns after the breakout or chase bias
- Support and resistances shift quickly in trends
- Moving averages work in trends only
- Overbought and oversold signals fail in parabolic moves
- Use the right time frame for your trade
- Stay flexible – patterns evolve
- Technical analysis is 90% directional breakouts
- Manage risk : small losses and big wins great profit
- Focus o the trend and not predictions
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FIVE TRADING RULES TO START WITH AS YOU BUILD YOUR SYSTEM
- Wait for your signal
- Let price action tell you what to do
- Quantify your risk on every trade
- Accept small losses early and let a winner run
- Stay disciplined and follow your system
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THE HOLISTIC EXPLANATION OF TRADING
- Trading is not only technical analysis alone
- Trading is not only developing a system with an edge
- Trading is not just understanding the market environment
- Trading is not just a trading plan
- Trading is not confidence in execution
- Trading is not only proper risk management
- Trading is not just mastering your trading psychology
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Trading is all of these 7 things together into a synergistic combination that feeds off each other positively
SMART TRADERS DO THESE 12 THINGS CONSISTANTLY
- Change their mind
- Keep a trade journal
- Don’t brag
- Back test
- Continue to learn
- Trade trends
- Look at price action instead of listen to opinions and predictions
- Work on problems
- When stuck find answers
- Have trading friends
- Create signals with a edge
- Use systems with a positive expectancy
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TEN COMMON TRADING MYTHS
- Trading is a quick way to get rich – success takes years
- High win rates guarantee profits – risk/reward matters more
- More indicators improve results – to many cause confusion
- Small accounts grow fast – small apital leads to gambling
- A perfect strategy exist – every system has losses
- Bigger risks lead to bigger rewards – Bigger risks, bigger losses
- Risk management isn’t needed – it’s essential to survive
- Watching charts all day helps – overtrading leads to burnout
- Markets are rigged – most are fair and regulated
- Trading is easy – IT IS NOT
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WHAT IS A TRADERS EDGE
- A trade entry alone is not a edge
- Your edge is in not taking all the bad setups
- Your edge is in managing your emotions and ego
- Your edge is in journaling your trades and correcting errors
- Your edge is in stress management
- Your edge is in the self-discipline of system execution
- Your system is in trading a system with a positive expectance
- Trading is as much about the bad moves you avoid as much as the moves you capture
- Profitability arise from adding up to more than your losses.
- YOU ARE YOUR OWN EDGE
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