Making money starts with being professional. We teach our traders how to implement sound trading strategies in a fast paced environment. Our traders come in early and review how world markets traded overnight. They look for sectors and companies in the news and plan a strategy of attack for the day. Throughout the day we discuss and review our progress in order to push ourselves to perform at a high level. After the market closes, traders will discuss what they did well and what they would have liked to do better as they comment in their journals.
Becoming a consistently profitable trader does not depend on magical formulas or gut feel. Rather, it involves trading strategies that have an edge while implementing robust risk management. Successful traders study themselves and incorporate psychology into their decision making. To be successful you have to be willing to change your opinion and think of expected value rather than any one trade’s profitability.