How to Change Your Trading Career
If you have the technical knowledge, but cannot seem to turn the corner on making good profits, Paul Lange of Pristine Capital Holdings, Inc. has exercises that can help you improve your results.
It should be stated that if you do not have the technical expertise, you are not at the level that these comments will help. If you do not know how to look at a chart, no amount of refining will help you.
After a long time of working with many traders, one discovers that there are certain truths that cannot be denied. There are four things that are done so consistently wrong by new, and even fairly experienced traders, that each of these mistakes results in bad trades 90% of the time for most traders. If traders would simply follow these four rules, they would eliminate most of their losing trades. The fourth rule does not really fall into this "90%" category, but is perhaps the most important, and is the subject of today's discussion.
This is not really a 'new' rule. However, the first three rules are ineffective and worthless if you do not know the fourth rule. The fourth rule is to simply follow up to make sure that you are doing each of the first three rules properly.
Now, DO NOT stop reading this and say, 'yea, yea, follow up, I know'. There is an exact procedure that must be followed.