After reading my course you will no doubt realise that one of the keys to successful trading is finding a method that suits you and sticking to it no matter what. One of the things I get asked all of the time by lots of different people is, “what kind of trader are you?” Usually they want to hear something like scalper, daytrader or swing trader, or maybe even position trader.
The way I prefer to describe myself is simply as “a trader.” I like to think that I can adjust my trading to suit any mrket condition or frame of mind that I may be in. When I say this to people they think that I am contradicting my whole ethos about finding one method and sticking to it, especially when they see that I may be scalping one day but setting up a nice position trade the next. I do this because its important to diversify your trading so that you can consistently take money from the market during any conditions.
The reality is that the market conditions are never consistently suitable for one particular type of trader so if you are a swing trader you may have times where you dont get any set ups for weeks, and then other times where you get a few every single week. The balance is making sure that you are happy with one method of trading first of all, then once you have mastered consistency in that area you are ready to move on and add new methods to your arsenal.
In fact once you can trade a system with discipline and focus and consistency then you can trade as many different ways as you feel comfortable with. The most important thing is that you first of all apply yourself in this manner to one particular method. This whole process will develop naturally as your career progresses, but the aim of this site and in particular this blog is to make you aware of the development that you will experience and more importantly the best way to go about approaching it.
Perhaps you have recently become consistent in your trading method. How that has affected your trading and your profitability? Or maybe you are struggling to be consistent with one system. Why do you think that is?
