Timing is not everything, Position is so important
Beginning traders may be confused with these terms, but they are not complicated; if you have the proper training. A good trade is Risk Averse — the key to being successful in business is to manage risk. Know your gain and your stops before you enter a trade. Risk management and capital preservation is very important. Futures Trading involves risk, as do all capital investments; so before you start this great trading career, make sure you have the best training possible. If you want to earn more money or start a $500K career; this is where you start.
Before you enter any trade, you practice the trade, and then practice some more. After 100 or more practice trades in a particular trade and with a track record showing your success and your failures; then you can think about putting your capital at risk.
What are the pitfalls of trading?
Typically traders use advanced signals to get in on a trade with the trend. ( up or downtrend) The problem is; they don’t know when a trend is going to end. It is impossible to know when a trend is going to end or when it is going to turn around on you. We do know one thing for sure and that is we have the best advantage if we get in on the trend as early as possible. Learn your risk limits to ensure your overall financial goals through money management.
How do you get in on the beginning of a trend?
First, you have to identify when the trend is ending and we do that with the Auction Indecision Symbols. (doji etc.) These skills are not complicated. We teach all this and more in our S&P500 Trading Group.
Next, you want to confirm the end of a trend and the beginning of a new price direction with a turnaround signal.
In Summary: The Auction Indecision Symbol tells you when a trend is ending and the Turnaround signal gives you confirmation that a new price direction or new trend is beginning. Together those two symbols represent the trade signal and give us permission to get into a trade. In our group, we call this a D123 with the trend trade. We can explain more if you want to join us in our live sessions.
The first two trade signals you use the most are the Doji / Pin Bar and Double Bar. The Pivot Point and the Turning Point are used less frequently because they are not as solid as of a turnaround signal but they do indicate when new decisions are being made.
If you want to learn more about our techniques, contact us to join a live trading session. Answer a few short questions, and We will give you access at no cost to view our live trading/training sessions. Come and visit us for a couple of free sessions and you will agree, The S&P500 Trading Group is like no other.
We offer live mentoring and up to 8 hrs a day with experienced teachers on-line; you can learn at your pace and work toward your financial goals. We offer different training levels from the absolute beginner to Advanced multiple contracts and multiple platform seminars.
The Founder of the S&P500 Trading Group is a veteran (enlisted) and knows the value of education. If you have reached this site, you probably notice were are focused on education and learning.
This particular site was started for former military and Law Enforcement. We honor their service and sacrifice and want to help them as they transition to a new career. A career with awesome possibilities. We understand the challenges of vets and LEO’s as they move forward in their career. Let us help.
Dr. Cast has obtained scholarship money through his company for these individuals. This scholarship money is for veterans and Law Enforcement; so please tell us when you call, that you are former LEO or Veteran.
We want you to be financially independent and can show you how to get there. This is our way to honor your service to our country. Thru the years, we have found veterans have many of the skills needed to be a great futures trader. Lets Talk.
“We’ve Got Your Six”