I would like to introduce you to Book II...The Evolution to Greatness.
Many of you will remember my first book "Positioning for Success". Though this was a valuable trading strategy, there were many faults to the system.....these faults included the following:
- Too many trade rules that took too many hours to make trade decisions.
- Lot sizes were very small because of some trend indecision
- Exit rules were really unclear and were placed without certainty
- Not knowing if we were in a retracement or part of the larger trend
- Took many hours to learn the system
- Uncertainty about profit taking.....
....Just to name a few.
With all these problems we still saw people who made upwards of 15% - 25% in less than 2 months time. So...despite the deficulty level of 10, it was and will remain a profitable trading philosphy.
You will notice that I use the words Trading Philosphy rather than strategy or any number of other words that other people use. The reason is that I trade with a philosphy and that is this:
Keep your profits, find the trend, add additional positions margined against your increased equity, eliminate drawdown and leave the trading platform with a profit.
"The Evolution to Greatness" is everything that "Positioning for Success" wasn't and also everything that it was. I think you will find this a more condusive trading solution to adding profit to your bank account.
All questions are welcomed as well as positive comments. Please, if you don't like what we are doing, write a note regarding so and send it to the editor of your newspaper, and if you really don't like what we are doing get a petition started and take it to the mayor. Just plainly bashing me or my system without documented proof is not only a piss poor way to go about your business but will also go to show that you are only full of hot air.
"Positioning for Success" was a very nice thread that helped a lot of people learn how to trade and I hope to have that same comradeship here.
So with that said, Enjoy and I look forward to your thoughts about we are doing.