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How You Can Simplify Your Trading - And Increase Profits!
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In this video we discuss the importance of keeping it simple! Take all the indicators off your charts and focus on what is the actual market, price. We'll give you multiple strategies you can implement starting today that will help you simplify your trading!
The first pointer we discuss is going to be having a clear understanding of what your trading plan is, with no exceptions.
If you stick to a defined trade and focus on just one trade at a time, other influences will be less likely to creep in.
When we say focus on one trade, the goal is to not only ever just trade one setup but rather master one setup at a time. Once profitable on a single setup then we look to add another single setup to our repertoire.
It so important when first starting to trade that trader focuses on learning their craft and not MONEY! Master the trade setup first and the money will follow. Let's discuss ways we can look to simplify our trading.
⏳ Outline:
0:00 Intro
0:43 What does a simple strategy consist of?
3:36 Look for stocks with a catalyst
5:46 How can a news catalyst give you a directional bias?
7:10 How to not get caught in a failed breakout
9:27 Trade what you know
11:28 Summary
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