Day Trading Money Management (Trend Following Mentor)

Our Trading Courses & Weekly Setups

They have been trading since they were 12 years old and they are in University now. We go over everything repeatedly as well as the most important thing, trading psychology. Another guy, it was like Las Vegas. It was exciting, and gambling and that is the wrong mentality.

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My mentality is to compound money. And boring is good! As I said, teaching is my way of giving back but my main focus is to grow my money management business based on the principles and values that are in this book. I have 3 types of programs. They are based on the risk management of what the client is anticipating , or what they are willing to go through. I made this program on the request of an investor in my other program and I built it over a year. And again, the worst draw down is going to be ahead of me, not behind me.

Lastly, I have the Formula 72M, which is a mid-volatility fund. Because in , trend following was fantastic. It was the only strategy that made a lot of money. In was very difficult.

And then was okay for some trend followers. But were really rough, a tough period for trend followers. The issue is please tell me how does your strategy work, differentiate to me, explain to me, is it logical, how do you manage risks, and if that makes sense for my account? That will basically explain. But let me backtrack a little.

I do two things to compound money. First, I trade my own money. Second, I invest with other money managers. By doing these, I have a higher chance to compound money over the long run. The assets they trade must be liquid. They must be transparent with me about their strategies and I want to understand the risk management. There are other attributes that are in that book and I also discussed about Madoff, and how people should do their due diligence.

My day starts at 5 in the morning. I put in data and run my programs for about half an hour before I send my first order to the trading desk in Chicago.

Then I work on my stocks which will take about an hour. The rest of the day is mainly research. I have a programmer who is in California and who is as passionate as me about trading.

Sometimes we will talk in the middle of the night breaking down trading ideas to test. When the Asian markets open, I will also see if there is any work to do with Chicago. It is all mechanical without expression or emotion.

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Applicable only on ATM card, debit card or credit card orders. Cashback will be credited as Amazon Pay balance within 10 days. Valid only on your first 2 online payments. Cashback will be credited as Amazon Pay balance within 10 days from purchase. Most clients of the brokerage did not make money. Most clients actually lost money. Even with his plan he always had numerous loses, went through drawdowns and even long periods of time in which he did not make money. However he did not ever give up or start to look for a new methodology.

He did not have any magical Holy Grail formula. Everything you have written is dead on the money. It's refreshing to see someone telling it like it is and doing so in such a clear and concise manner.