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Weekly trend trading on the ASX - Gain Clarity and Confidence in your Trading Method
A lot of traders or investors are incredibly frustrated and disheartened by trading or investing in the stock market. Despite their intelligence and good intentions they have no idea where to really start or what to do to develop a winning method. They become anxious, fearful, lack trust in market coaches and financial advisors. Worse still they lack trust in themselves. Despite being ambitious, deep thinking, cautious or bold, and often very successful in other areas of their life, market success eludes them.
There are 2 reasons why market success eludes most people.
1/ they don’t have or know a winning method that suits them
2/ if they do know a method …they don’t stick to it, and that problem relates to the first reason.
A fundamental component of trading is having a clear mindset. This course will teach you the tools to trade a weekly tend trading system. It will also help you examine and identify the ideal choices when trading to suit your personality, weakness and strengths.
When I started trading 20 years ago I made all the mistakes. I was impatient, short term traded, over traded, was continually distracted and indecisive about what time frame to trade, or even what to trade. I was always anxious, grasped for solutions, took too much risk and paid the price. The result was thousands (many) of dollars in losses and a life of up and down emotions ruled by the market. I had no system, over traded in often highly speculative instruments. I traded everything from commodities, to options, FX, CFD’S and futures, continually changing trading “vehicles” looking for an easier ride. If it moved, like a gunslinger I tried to shoot it. The problem with gunslingers they don’t survive long. There are old traders and bold traders, but not many old bold traders. I wanted to be a survivor. If I wasn’t in the market I was out, wondering what to do.
After many years I decided I did not want to spend all my time glued to a computer screen on a daily basis, it was no good for my physical and particularly my mental health. I wanted to spend more time doing the things I liked, to help myself and others. Research and development work, reading, travel, keeping up with technology, family, relationships and volunteer work were more important to me. Particularly reducing stress so I could be more “present” in those personal situations, rather than thinking about the market all the time. To achieve that I converted to weekly trend trading systems.
Weekly trend trading systems produce less trades and more profits than most daily systems. They teach you an understanding of where the big money is made…in the major moves. You learn to trade with more patience, acceptance and less anxiety. You have more time to think about your decisions, because trades are normally executed on a Monday morning, giving you the weekend to think about things. As you learn to drop your unhealthy obsession with the market, the profits gradually come in, raising confidence and a realisation that trading can be a winning game. You also do a lot less trades, less paperwork and pay less brokerage. Your focus changes from grasping small infrequent profits to seeing the bigger picture of how trading works
Who should do this course
Most of my clients and students are people already trading or investing in the market, however some are rank beginners.
They either don’t know where to start or are stressed out, overtrading, confused and feeling stuck, frustrated with trading.
I work with the technical and fundamental side of trading as well as the psychological components of trading to help them achieve their objectives
Some existing knowledge of trading is a recommendation for you to do this course. If you are unsure if you have the level of knowledge to attend, contact me anytime to discuss your concerns. Contact details at the bottom of the page.
There will be two systems taught at this course,
A medium term system suited to medium term trading or investing, focusing on minimum trades with maximum return.
A longer term system suited to a core holdings strategy or super funds.
All systems will have statistics and results tested over different time frames and indexes so you know what to expect when trading the methods taught. Most traders don’t know what to expect when they start trading, they just hope. Knowing information like what the systems maximum pullback is, maximum winners and losers in a row, winning percentage of trades taken and percent p.a return, stops you flying blind and then panicking at exactly the wrong time.
Most traders cant stick to a method because they do not know anything about the historical performance of what they are doing, so they get easily caught up in the emotion of the market. Traders that know the historical performance of their method panic less when the market produces the uncertainty it is so good at doing.
Some of the topics covered will be
Why trade the ASX? Are shares a better trading vehicle for Aussies?
Portfolio trading and management as opposed to trading one stock at a time
Time frames (weekly v daily) what’s best for you?
A look at 2 systems (more than 2 if time permitting) with rules and historical statistics supplied
What stock prices are best?
What fundamentals are best?
Example of portfolio costing and financing
Sticking to it (psychology)
Why people don’t stick to it (more psychology)
Lessons learnt in 20 years
What you need to do now
A note to those interested in Daily trading.
Every trader I meet wants to know how to trade short term. The allure of a quick profit is arguably the most intoxicating experience for a trader. I repeat here that this not a daily trading course, but here are two golden tips for you about shorter term trading, and how an understanding of weekly dynamics will assist you if being a short term trader is your goal.
1/ The more you shorten your time frame in trading the more you reduce the probability of winning (so in other words you are probably making it harder for yourself emotionally and financially daily swing trading rather than weekly trading)
2/ One of the safest and best ways to short term trade is to buy dips in uptrends, particularly in a strong market.
Daily trading successfully is not impossible, but it is difficult and it sure helps if you know what to look for.
What you need to do to create profit is INCREASE WINNING PROBABILITY, this is how you do that.
Identify when the market is strong or weak
Identify a strong weekly stock trend first (before you even look at a daily chart)
Identify a stock with good fundamentals to Decrease the chance of a nasty surprise fall
Identify a low risk opportunity
Identify a high probability trade
Learn risk control
Learn about position sizing (or bet size)
So what’s the best way to learn all that?
Learn how to weekly trend trade first! I used to be a spray painting TAFE teacher, you don’t pass the spray gun to a 2nd year apprentice to paint the bonnet of a late model BMW, because the probability is a costly mistake will be the result.
You need to learn to walk before you run, the best way to do that is to learn what makes a strong trend, learn to identify when the market is in your favour, narrow your search down to just a few dozen good strong stocks that give the best probability of return.
After you weekly trend trade for a while, the penny begins to drop in your mind as to where the probabilities are on a daily scale. Then, and only then, have a crack at daily trading. If you are not making money daily trading then for your financial and mental health, I advise you to stop and consider a weekly method, learn where the probability is in the market.