How to move the needle in your favour trading on your own terms

 
 

Imagine Roger Federer drawing against Novak Djokovic at the US Open.

Knowing the trails in wins, Roger says, "redraw, please."
It might not be the rules in tennis, but this rule applies to trading.

How awesome is that?

I know, right!

But saying "I'm a trader" is like saying, "I'm an Olympian."

"But what sport do you play?"

Here's the deal

Step 1: Operate a specific trading business

For example, the trading business I run provides liquidity to traders on the wrong side of the market. I take on inventory at one price and offer it to traders exiting losing trades at a difference to make a profit.

With focus narrowed down to a specific business, step 2 is straightforward.

Step 2: Develop a trading playbook that fits step 1

There are countless ways traders are sucker-punched and forced to exit at a loss.

Yet, with 4 playbook trades you'll provide liquidity to losing traders several times per trading day.


Playbook trades:

  1. Combined behaviours of the market you know in detail

  2. Plus, you have competitive edge in the trade (because you’ve practised it)

Then, you do as Jim Rogers does

 
"I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime" Jim Rogers
 

 

And in 104 seconds, here's what it looks like

 
 
 
Adam Fiske