Date: 7/5/2022
Author: Chris Hood
Be sure to check out new episodes of my video podcast each week, where my ace pupil Brian Jones and I talk the ins and outs of options trading- and give you insights and strategy that you can immediately put to work for you in the markets.
Open up any charting or trading platform, and you’ll immediately be presented with a range of standard analysis tools.
For the most part, I avoid these basic presents.
Whether it’s indicators, strategies, or time frames, I tend to steer clear of them.
In the past few weeks, I’ve been asked why I use such unusual time frames for my trades.
“Why trade the 12, 33, 49, or 133-min charts? Wouldn’t you rather just use the 15, 30, or 60-min?”
The answer is simple.
No.
That’s what average traders do, and average traders lose money. If you do what everyone else does, you’ll get the same results – loss after loss.
To win, you need to develop an edge.
You need something that sets you apart from the 99% of retail traders who just throw their money away.
Think about it this way.
Retail traders read the same (usually outdated) books and rely on identical hackneyed systems. They congregate in chat rooms around some self-proclaimed guru they’ve never met.
A stranger who never shows them anything but an occasional win or Robinhood P/L screenshot.
It is the perfect scenario that psychologist Irving Janis wrote about in the 1970s – groupthink.
If you haven’t heard of this, let me fill you in.
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Groupthink is the bugbear of proper decision-making. A closed community in which uniformity and peer pressure destroy individual creativity, dissenting opinions, and independent thinking.
It’s easy to get caught up in this type of herd mentality.
And it’s why you should work with a professional trading coach to build your own system, rather than just joining an online community for trading advice.
At no point in recent market history is this more important than now.
We’re investing and trading in rocky, uncertain times. Yet novice traders are still throwing away millions of dollars on terrible ideas.
So the market is about to recover? How do you know?
Did you develop this idea through careful analysis and application of your trading knowledge? Or did you get infected with this bias from hanging out with seedy characters in a public chat?
If it’s the latter, I can almost guarantee you’ll eventually land up in the poorhouse.
You must have the work ethic, discipline, and courage to forge your own path and build your own edge. You must stand out from the herd.
Stop marching slowly toward the slaughterhouse, head down and docile, and be that one cow who makes a run for freedom.
I’m here to help you do that.
My job as a coach is to build great traders, not take all your cash the leave you high and dry.
Together, we can build a trading system that fits your personality and preferences. An individualized approach that actually wins you money.
I send trade alerts when I see something likely to win.
However, the most essential part of my coaching service is the educational component. Webinars, emails, and one-on-one support.
I’ll help talk you out of your panic.
We’ll troubleshoot your trading problems.
Eventually, you’ll be profitable enough to do this on your own. However, when you need me, I’ll be here.
I can show you how to win no matter what the market is doing.
But I can’t make you wealthy, nor can I do the work for you.
That’s on you.
Cheers,
Chris Hood
