5 Signs You’re Doing GREAT As A Trader

 

First…

I honestly don’t care how much money you have in your portfolio. 
R1,000, R10,000 or R10,000,000? It’s irrelevant. 

Money should not tell you how well or bad you’re doing as a trader. 
Percentages should reveal that all. 

It’s all RELATIVE. 

And so, in this article, you’re going to go through a five signs checklist to see how well you’re doing as a trader. 

Sign #1:
You have a personal trading strategy

Do you know what:

• System you’re going to use to enter and exit your trades?

• Markets you’re going to choose? and

• Risk management principles you’re going to follow?

And have you found that system that matches your personality and time preferences?

If so… AWESOME! Tick it off the list.

If not, either you can find a million trading strategies to back test, forward test and real test and find what’s right for you on the internet.

WARNING: This can take a couple of years as it did for me from 2003 -2008.

Or you can adopt my trading strategy I’ve used for the last 19 years or rather book a 2 hour consultation with me so we can build your life trading strategy together.

Sign #2:
You’ve developed realistic trading goals

Once you’ve got your trading strategy in a bag, you should have all your goals written down.

Have you jotted down your trading strategy, stats, goals and expectations?

This is your game plan that you’ll need to follow when you trade. 
You need to see what kind of outcomes you’re going to have with your trading. 

•    How many trades will you take per year?
•    How many winners can you expect? 
•    How many losers will you take?
•    What is your win rate?
•    What % of your portfolio will you expect to achieve?

Sign #3:
You’ve experienced a bad trading patch

I feel this is the initiation side to getting to a higher level as a trader. 
When you have the strategy and goals in a bag, you’ve got to then put it all into play. 

And during this time, there’ll be once or twice a year a couple of weeks where you’ll go through a bunch of losing trades. 

If you have the right money management principles, you should be able to EASILY weather through this time. 

The markets move up and down and sideways… And during one of these periods, it will NOT fit well with your system. 

But let me tell you this, once you’ve gone through your drawdown period, and the markets become more favourable. 

It is the most exhilarating feeling, for your portfolio to make new highs once again. 

Go through this my friend, and you’ve ticked off another sign you’re doing GREAT. 

Sign #4:
You continue to EVOLVE 

Sure, the trading strategy might not change. 

The risk management side won’t change. 

But there are a few things that will change, that you’ll need to adapt into your trading. 

First, markets, stocks and currencies are unlisting and listing ALL the time. And your trading strategy requires a watch list that works best with your system. 

So, you have to evolve to dump and add markets into your watch list that complement your trading strategy. 

 You might also find a technique to increase your win rate and ride your winners up. 

If you can evolve as a trader, TICK it off the list. 

Sign #5:
You are INDEPENDENT

Do you care about your family, friends, pets and strangers opinions on the trades you take or have taken?

No? GOOD! 

Tick it off the list. 

Nobody in this world, can tell you what to is right to buy or sell according to the strategy you use. 

You have the stats, you have the goals and you have your game plan. 
That’s the only thing you need. 

FINAL WORDS

So how did you do?

I’d love to hear what your opinion about today’s article is by emailing me at timon@timonandmati.com. 

And if you find that you haven’t ticked off a couple of items, I’ll be more than happy to help you with a private consultation to build your forever income trading strategy. 

Those two hours of your life will make up for weeks and months or searching for what is best for you on the internet. 

Join the Facebook group for live daily tips, lessons, memes, quotes and a successful community since 2003 

https://www.facebook.com/groups/matitrader

5 Top Trades For 2020

With great trading comes great responsibility and a little sacrifice.

It is not something you should take lightly, into your life.

This is a forever business where you can either screw it up or you can make a success from trading.

Before the year is up, I’m going to share with you my 5 top trades, you’ll need to take in order to achieve your trading goals for 2020 starting with…

Trade #1: 
Heavy nights out

Have you ever gone out in the week, downed a couple of beers and shots with your friends and then regretted it the next morning?

The next day, feel groggy, tired and you probably will feel like writing the day off to recover.
As a trader, you have got to be more responsible.

It can take just of those day’s where you miss out on that trade that could’ve taken your portfolio into a positive portfolio territory for the month.

Take this trade.

“I will trade nights out in the week and instead, I will prepare for the next trading day”

Trade #2: 
Netflix and chill

How many hours do you spend on social media and TV? 

3, 4, maybe even 5 hours a day? 

I’m asking you to just cut out just half an hour out of those 5 hours to spend it on trading instead. 

Just take half an hour to back test and forward test your trading strategy on other markets.

You might just find the one extra profitable market, to add onto your watch list which could help you boost your win rate. 

Take this trade.  

“I will trade out, of the time spent on social media and TV, just half an hour a day to focus on trading for my financial future”

Trade #3: 
Revenge trades  

This next one, is quite common for a new trader. 
A trade lines up, the trader follows the rules and gets into the trade as they should. 

Next day, the trade goes against them, taking them out for a loss. 

The new trader then feels that this situation is unacceptable. 

“Nobody takes my money and runs.” 

Without thinking twice, they punch in a couple of buttons on their trading platform, to get into another trade.   

At this point, they want nothing more than to just take revenge and make up for that small trading loss. 

However, this time, he doesn’t follow his strategy and forgets to put in a stop loss.

The result: Another loss is taken, but this time it’s bigger. 

Losing comes with the territory. Your historical track record should tell you that. When you take an impulsive trade, you’re doing two things.  

1. You’re setting a precedent to take impulsive trades for the future. It’s these type of trades, that will cause you to blow your account.  

2. You’re fooling yourself with this present oriented way of thinking. 

So, take this trade…

“I will trade revenge trades and instead, I will step away, get a drink, calm down and I will wait for my next trading signal to kick in.”

Trade #4: 
Listening to others

Look up any trading group on Facebook or on Skype.

You’ll see similar comments such as, 

“I just bought Old Mutual, what price should I get out at?.”

“Dude I would get out of your trade, if I were you.” 

“You must buy Bitcoin now, it’s going to $50,000 this year.” 

I don’t know about you but, I’ve never heard of a trader who’s made a success from listening to a whole lot of random people.  

The only thing you should ever listen to is your historical track record based on your proven trading strategy.  

In fact, I only base my decisions on my 18 year traded and tested MATI Trader System and that’s it!

Everything else is noise that is detrimental to your trading. 

Nobody cares about your money more than you, so make sure you be wary with who you listen to.  

Here’s a trade I want you to take.  

“I will trade listening to random people and instead, I will only listen to my winning trading strategy which tells me when to get in, hold and out of my trade.”

Trade #5: 
Wasting money

Richard Branson said it best at one of the summit’s I attended.  

Here was his analogy. 

“If I’m given R1,000,000, and I spend it on luxuries the money will go. If I invest the money wisely, I’ll have the opportunity to grow it.” 

The same goes with every time you get a pay cheque. Before you spend it on restaurants, gifts and holidays – make sure you invest in yourself first.  

As soon as you get paid, deposit a portion of your money into different investment streams. 

Maybe 5% of your savings can go into trading, while 10% goes into investing. Whatever you can afford to risk, make sure you pay yourself first  

Here’s the trade I want you to take.  

“I will trade spending on unnecessary things and instead, will deposit a portion of the funds into my trading account each month.” 

You can read more ways to save money to trade by downloading my free e-book “27 Ways To Save Money To Trade” by clicking here…

Final Words

These 5 trades, should help you prioritise what it takes to succeed as a trader in 2020 and beyond…

5 Laws Of Trading Success

E=MC²

Everything you need to know about the Universe, can be condensed into this tiny equation.

What if there was a formula that unlocked the laws of trading the markets?

I believe, there is…

I call them the 5 Laws To Trading Success…

1. Markets 

You’ll need to be able to find and trade the best markets, at anytime and anywhere in the world with CFDs or through Spread Trading.

2. Method

You’ll need to create and adopt proven, mechanical and consistently profitable trading strategies with a few entry and exit rules.

3. Money 

You’ll need to learn how to use essential money management rules in order to boost your winners, cut your losses and never blow your trading account.

4. Mind

You’ll need to be able to improve your self-confidence and develop a successful trading mindset, in order to trade effortlessly with little worry and with less stress.

5. Miscellaneous

You’ll need to adopt extra tips and tricks in order to boost your win rate, cut your trading holding time and preserve your portfolio.

Once you incorporate all five equally important elements – around your personality, lifestyle and risk appetite – you’ll be able to create a timeless and profitable trading plan for the rest of your trading career.

Make sure you watch the full video where I go into a lot more detail about the five laws of trading success…

Trade well, 

Timon Rossolimos