The Key to Consistent Profits

 

Date: 7/8/2022
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.


I know you’re looking for the golden indicator – a signal so powerful that you never lose.

And I also know that you’d like nothing more than the perfect options strategy.

One that’s guaranteed to make you money every single time.

I’m here to tell you that these don’t exist. Trading is a game of probabilities, and losses will happen.

What matters most is not the tools or a particular type of trade; it’s you. The one reading the charts and pushing the buttons.

I’ve distilled much of my life’s work in trading into some powerful indicators. They calculate entries and exits based on dozens of different convergent indicators.

I know they work because they’ve been back-tested, and I use them to consistently make money no matter the market condition.

However, some of those who’ve purchased these tools still lose.

The question is why.

There really are only two possible answers.

First, the customizability of these tools means they may not be appropriately set to produce winning signals. However, that’s easily fixable, and I offer to help out anyone who needs guidance.

Some settings work better on particular stocks, and getting them tweaked to fit the tickers you like to trade takes just a bit of work.

If we assume the signals are appropriate, we can move on to reason number two.

Not following the signals when you get them.

I maintain that trading is 95% discipline and emotional control. So when someone has a flashing entry or exit signal on the screen and doesn’t follow it, that’s not the tool’s fault.

It’s an issue with the trader’s psychology.

Before you think I’m just sitting in an ivory tower, pointing fingers and passing judgment, give me a moment to explain.


 

“Never underestimate the possibility of chance, choice, and individual decisions to shape global markets.”


Not only are discipline and emotional control key to trading success, but they’re the most difficult to master. Only continual self-assessment, analysis of losing trades, and deep introspection will help.

When I started trading, I was terrible.

I rode the rollercoaster of wins and losses just like everyone else. Sometimes it was mostly just losses – I have blown up an account before.

It took me quite a few years of frustration to become consistently profitable in the market.

Specifically, I had to learn the power of process and perseverance.

So, if you’ve taken a thrashing in the past few months and are still around trading, you’re well on your way. And don’t worry about the losses. I’ll guarantee that 99% of the trading world has gotten smashed since November.

It’s just like learning to ride a bicycle.

Sometimes you’re going to crash.

What’s important is that you pick yourself up, keep trying, and learn from your mistakes.

That is the secret to great trading.

 

Cheers,
Chris Hood


Move fast, keep winning

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