Chuck Hughes would like to personally invite you to join him at the Online Traders Conference. Chuck will be presenting at this multi-day event along with 20 other trading professionals who are eager to share their market insights with traders just like you. You'll even receive recordings of all the presentations.
THU, NOV 5th 10AM - 5PM ET Thomas Wood- "Using Value Plus Momentum to Find Your Perfect Trade" Scott Brown- "Predicting Price Action using the MetaStock FORECASTER" John Bollinger- "Using Bollinger Bands® to Best Capture Trading Opportunities" Chuck Hughes- "Profit Guard Strategy" Steven Place- "How to safely Buy the Dip in Stocks for Trading Income" Ryan Jones- "Powerhouse Compounding Strategy" Barry Burns- "Timing Your Trades for Accurate Entries and Exits"
FRI, NOV 6th 10AM - 5PM ET Jeff Tompkins- "The Slingshot Setup-Buy Low and Sell High in Volatile Markets" Guy Cohen- "How to Crack the Hidden Money Code for Consistent Lifelong Profits" Ann-Marie Baiynd- "Setting Proper Risk Parameters" Jake Bernstein- "Artificial Intelligence meets Seasonality" Kelly Clement- "Finding the Right Strategy for YOU" Celeste Lindman- "My Favorite Trade Setup" Ed Downs- "Relative Strength is My Super Power"
SAT, NOV 7th 10AM - 5PM ET Steve Bigalow- "The Dynamic Doji Accurate Candlestick Profits" Hima Reddy- "How to Profit In Any Market on Any Time Frame" Rob Hoffman- "Champion Setups & Strategies for Trading Current Market Volatility" Jeff Gibby- "Hidden Gems in MetaStock" Steve Primo- "How To Catch Tops And Bottoms In All Markets" Oscar Carboni- "Technical Analysis is King" Kevin Nelson- "Creating (and Testing) a Trading Strategy"
Bonus: Door Prizes! All registrants will be eligible to win random drawings for valuable prizes. There will be multiple drawings each day.
Register Here Now so you don’t miss out on any of the tips and strategies!
Tomorrow, you could begin doubling your account every single month starting with one letter.
The letter will come from a 20-year trading professional named Ian Cooper. He says, “In 2017, following my trades you would be doubling even tripling your account some months. Let me show you how.”
He will show you exactly what to do... and he’ll give you the blueprint for just $1.
The general concept presented here regarding the four steps of learning is not new. It is a concept that has been helpful in understanding the stages we go through in learning. I find it very useful as it applies to learning the art of the trade.
The first step is where everyone starts out when learning a new skill like trading. It is called "unconscious incompetence" and it is the most dangerous time. This is the stage where the person who wants to trade has no knowledge of the subject (incompetence), and ever worse, they do not know even know what it is they do not know (unconscious). This can lead to quick failure, as frustration comes easily. Have you ever tried learning new software, and after struggling for a while finally gave in and took a course or read a book about the software? Once you know how much there is to learn, you see the need for education and the frustration ends. Unfortunately for many new traders, they never leave the first step. They feel that trading is easy and never seek education. They usually quit early, either out of money or feeling frustrated.
The second step is an important one. It is called "conscious incompetence." It doesn’t sound much better; but it is a big step. Here the trader comes to the realization that they need help. They realize that while they may be very educated and successful in past endeavors, it is not helping in the quest to make money trading. Rather than continue unsuccessfully, they turn to someone for help. They finally know that they don’t know what to do. The time it takes to become conscious of their incompetence may vary from a couple days to never.
The third step is the long journey and the most time consuming. It is the quest to become "consciously competent." This is the step where the skills are learned to succeed at the task. For the trader, this is the process of learning strategies, money management, discipline, psychology and all the little ins-and-outs of the market. This is the time when they learn to be successful. The time frame here is hard to determine. For some it can be rather quick. For most, even successful traders, it is a process that never stops.
Note, that while success can be enjoyed at this stage, it is happening at a conscious level. That means that every thing that is done needs to be planned, reviewed, and evaluated. Being "consciously competent" means that in order to be competent, you must consciously think about the process at every step. This is why so many fail even when they reach this level. Once success has been had, many turn off the conscious thinking. They then have problems and begin to think that their successes were just luck. This is where the psychological aspects of trading really come in. Here is where those who have the ability to stick to what they have learned, to stick to their plans and to follow up to make sure, really do well.
The next step is the one of true mastery. It is "unconscious competence." It is performing the skill as a pure habit. It is your body and nerves reacting without consulting your brain. Examples are most easily found in professional athletes. Tiger Woods is "unconsciously competent" at golf. He does not address the ball and start thinking, "Now let's see, my right hand goes here…." Can one get to this level in trading? It is possible. Very few are. It would require the engrained discipline to never be distracted from your plan. It would mean no matter what trade came along, if it did not meet criteria you have set for yourself, it would not be considered. It would mean that when a trade hit a predefined level, it would be exited without thought or hesitation.
The good news is that you do not have to be at the fourth level to be successful. Many traders may be at the third level their whole career and be just fine. They will only do well however, if they remember that they are at the third level, and that conscious thinking in the form of planning, discipline and follow up are needed every day.
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
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6) Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. TradeWins makes no representations or warranties that any account will or is likely to achieve profits similar to those shown.
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