What is Good and Bad Strategy in Trading?

Hi, everyone I hope everyone is fine, today I want to discuss a very important aspect in one's trading, and that is all about trading strategy. We all know that a good trading strategy will propel us to success and a bad strategy will make us a loser.

Generally speaking a good strategy if followed religiously it will give us an upward equity curve while a bad strategy will give us an downward spiral or a roller coaster ride. Knowing whether a strategy is good or bad is not really complicated we just have to open our mind in order to realize it.

First you need to know the RR ratio of a particular strategy, on the average it should not go below 1:1 the higher the better, another thing is that the winning rate must be at least above 50% again the higher the better(55% to 70% is good). If your trading is within this bound and you consistently follow it then perhaps your on the good side of your trading and will keep your account intact in years to come, that's for sure.

On the other hand a bad strategy is the exact opposite of everything I mentioned above but a bad strategy can disguise as a good strategy at the start that is why so many traders fall to this trap and follow the wrong way. There are strategies or traders that has very high winning rate(as high as 95%) at the start but if you look on their RR it is really bad. A bad strategy can give an impression to most traders that it is a good strategy because its making profits consistently for few months, but the truth is that a strategy that don't adhere to the very basics of good trading practices will not prosper into a real profitable strategy. A bad strategy is like building a house without a good foundation.

So if you want to succeed and become a consistently profitable trader you must adhere to good trading practices first and everything will fall into places.

I hope you pick something meaningful in this post, good luck to all of us!

The Journey Continue!

Its 2019 and the journey to be a successful and consistent profitable trader continue. In the last few months I been working a lot about the psychology of the market so that I can be a disciplined trader in executing my trades at all times.

I realize recently that there are only two things that a trader needs in order to be successful, first is to developed the mental fitness to be discipline in sticking to my trading strategy, second is to find/create a trading strategy that produces profits over time.

I am hoping that major progress in my trading will really happen this 2019.

Make 7 to 10% guaranteed monthly profits in trading!

Trading is a profession that is hard to conquer, but just a few months back I began to realize that their is actually a way to profit in this market consistently between 7 to 10% from your trading capital even if you have a mediocre performance in your trading.

How to do it? in my previous post I wrote about utilizing rebates program, yes you heard it right by using rebates program you can consistently make 7 to 10% monthly gains from your trading capital, trading is good if you are making profits from your trading but this is not likely to happen every month, so by joining rebates program profits is assured whether you make those gains in your trading. Even by just having a break even performance in your trading you can still make money consistently every month.

This is really a win-win situation for all trader, dont doubt this opportunity, act now!

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Be wise and a smart trader!

Trading is not a quick fix on your financial problems!

A lot of traders participate in trading for the very purpose of making huge profits in a short span of time, while it is true that profit potentials can be greater but their is no way that a beginner can succeed in extracting profits from the market in a matter of months of trading, in fact there are lots of traders that has been trading for years yet they still cannot make a decent income from their trading, this only prove that conquering the market is way difficult.

If you are financially troubled I will suggests that never ever joined this market because it will only lead you to more trouble, the desire to make quick money in this market can lead traders to be greedy and indiscipline that can only lead to more loses.

Becoming a successful trader requires proper preparation that may take years of constant honing of your technical and mental skills, there is no need to rush in trading, it is much better to trade in this market if you are financially able and stable because you cannot rely profits from trading at the early going of your journey. If you are broke and seek financial success in trading it is unlikely that you will succeed because you will be emotionally charge every time you face the market, the pressures will be doubled as compare to traders that are financially sound.

Yes the profit potential in trading is great but if have a wrong mindset and ill prepared it is impossible for you to achieved your goal.