Show notes
Because this podcast is brand new, I’m going to be extra generous and give for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.”
These Top 10 Trading Rules came from the street – Wall Street to be exact! These are 10 things I changed in my trading to become successful over the last 50 years.
Yep, you heard that right, I’ve been trading for 50 years.
These are also the top 10 things that have helped my students shift from move from losing money to making money.
Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.
It’s a mini-course that contains a pdf Special Report and 3 videos. Get right now by simply going to: http://www.onlinetradingtowin.com/tenrules
Go get it for free while the show is still new.
Welcome my friend to our very first podcast.
Sometimes new podcasts begin by introducing themselves and telling their story. Let’s take a different approach and jump right into the meat and potatoes – my apologies to you if you’re a vegetarian.
So what’s THE #1 secret to becoming a successful trader?
No magic moving average
No magic price pattern
No magic market
No magic time frame
No magic indicator
So what’s the secret? You’re probably not going to like it, but I’m committing this podcast to sharing with you what you need to hear, not necessarily what you want to hear. Yeah, I’m sure I’ll make less sales than my competitors, but you know what, I’ll have fewer, but more successful traders than them, and that’s my goal. A small group of wildly successful traders.
And you know what, you may even decide you don’t want to trade after hearing this. If so, well God bless you and the horse you rode in on. I’ve just saved you a lot of time, money and disappointment.
Okay, enough of that, let’s get to it.
The secret to successful trading is the same secret to success in anything. I’ve heard this quote from a lot of famous people, so I’m not sure who said it first, but here’s what it is:
“Successful people do what unsuccessful people are unwilling to do.”
The operative word …
In training traders for a couple decades now, I’ve identified 10 mistakes they tend to make over and over. In fact, I used to make these same mistakes, so I recognized them in myself from my early years of trading.
But it all comes down to behavior. Behavioral finance if you will.
Some people complain that most traders don’t make money, and that’s true. But that’s true of any business.
SBA
NFL
So what are the things that unsuccessful traders aren’t willing to do?
Get an REAL trading education. Not free on the internet.
Go through the process of mastery
“just give me a simple system that can just make me $100/day.
Going from $0 to $100/day consistently, it 100x harder than going from $100/day to $1,000/day.
Process of mastery:
Bruce Lee: Before I learned Kung Fu.
In trading I’ve come full circle
No proprietary indicators, expensive software, etc. Reduced it all down to just 5 steps.
Masters use “feedback loops” – track your mistakes.
I’ve help traders turn their results around by not adding things, but by simplifying things. By subtracting things.
Don’t make it harder than it has to be. Trading may not be easy, but it is simple.
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