Market success comes from acceptance and alignment…
The path to success is the one that works for you…
You are in a tough spot…
You want to learn to become a successful trader, perhaps trade well enough to live the "Island Life" like I do in here the US Virgin Islands. Maybe you just want to have an additional stream of income, but there are problems we need to address.
The first problem is risk. Some people simply can’t handle that. Others enjoy it. You have to figure that out for yourself. Can you successfully deal with that emotion?
What I want to share with you is that you need to overcome the fear of risk to master trading. The solution for me was to understand risk is always there. That means I need to face it head on… accept it… don’t run from it. I then learned to control it with stop loss techniques.
Next comes, what approach to trading should you take? It seems to me there are hundreds upon hundreds of people offering how to teach you to trade with just about as many theories.
The person you should follow, in my judgment, is the person whose ideas you have the most affinity towards. That person’s ideas must make sense to you. The person’s logic fits with your logic. It is critical that you easily understand what they have to say. I may not be the coach for you and that is fine by me. I want you to find "the shoe that fits" for your trading personality.
But there’s a little bit more…
Finally comes what I call alignment. It’s not just enough to work hard or be smart…you can run as hard as you want but if you’re going in the wrong direction, you’re never going to get there. You have to have the correct blueprint to build a house. The wrong blueprint and you have a disaster. You must know what right action is and take right action in this trading business or you will bust out. You must be in alignment with the truth of the markets.
That’s the real secret of trading. How can you know that? That’s easy; right action produces profitable results.
Don’t confuse what you wish is true with what is true. "Good" in this business is profitable trades. Bad is losing. That is reality for a trader… hold everything up to that test and you will be just fine.
This means you MUST MAKE certain the person you align yourself with has a demonstrably proven track record of successful trading. I may not be the best teacher for you. Just make certain you get one that is successful… trading… not marketing! Align yourself with winners.
I will show you my trades, any day, any time. You can see my account statements and see for yourself that I really trade successfully, often thousands of contracts a month.
If an educator is not willing to show you his trades, it can only mean one of two things; he doesn’t trade or is not successful trading. If you were a teacher, wouldn’t you show your track record? No real-time track record is a huge red flag.
If you haven’t already, you may want to visit our website; ireallytrade.com and look at our "Hall of Fame" to see how my students have done. http://www.ireallytrade.com/halloffame.html.
My students have gone on to win trading championships, manage millions of dollars, quit their jobs to become full time traders. They have also been nice enough to give me a little credit for helping get them on the right track. I would like to help get you on the right track of trading as well.
In the seven lessons, basics of how I trade, I have shown you some of my indicators. I have discussed my strategies, shown you how I think about the markets and approach them. I hope you have gotten to know me a little, and above all I hope you have come to respect how much teaching and trading means to me.
If what I have said makes sense to you… then I would like to be your teacher… it would be an honor to see you one day in our Trading Hall of Fame.
To go beyond these few lessons, start by joining the Larry Williams University. The beginner level is free and there are lots of free trading tools.
My best wishes for trading success,