London Breakout Strategy Updated Results

Before I start this blog post, I’d just like to wish everyone well during this current Coronavirus pandemic.

 

There is nothing I can add to what has already been said and to what you have probably already read.

 

It is impossible to not be affected in some way. Everyone is making sacrifices in this difficult time.

 

Please stay safe and look after each other where possible.

 

My thoughts are often with the frontline workers… they all deserve a medal. God bless you all.

 

Trading Results from the London Breakout Strategy.

 

In my last post I shared with you some results I had compiled from testing the popular Morning Breakout Strategy or you may prefer the London breakout strategy as it is often called.

 

Over the last couple of months, I have kept the test going and have some more results to share.

 

February 2020 produced more profits.

 

There where a total of 10 trades with 3 losses.

 

This gave us a total of 372 points profit for the month and a strike rate of 70%

 

03-Feb-2058116
04-Feb-20
05-Feb-205050
06-Feb-203366
07-Feb-20
08-Feb-20
09-Feb-20
10-Feb-204284
11-Feb-20
12-Feb-20
13-Feb-204353
14-Feb-20
15-Feb-20
16-Feb-20
17-Feb-202856
18-Feb-20
19-Feb-20
20-Feb-203535
21-Feb-203741
22-Feb-20
23-Feb-20
24-Feb-20
25-Feb-205454
26-Feb-20
27-Feb-204795
28-Feb-20
29-Feb-20
Total Points Won511139
Total Profit372

 

 

Again this is a very respectable result and profit.

 

March 2020

 

March was a difficult month to find trades. The Coronavirus has caused huge volatility in the markets.

 

The GBP/USD has been seeing moves of 300+ points a day. This often meant that the breakout range was over our maximum points range of 60.

 

We did however have 3 trades that all won. This gave us a total of 294 points profit for the month and obviously 100% strike rate.

 

London Breakout Strategy Results March

 

 

 

The blue lines are the winning trades. The yellow lines are the no trades where the range was above 60 points.

London Breakout Strategy Full Results

 

As you can see, the results speak for themselves and over the 3-month test of the strategy we have managed to make a total of 1050 points profit.

 

That is a great result and an average of 35% added to our bank each month.

 

If results continue then you could build a nice size trading bank over the years with very little risk. Theoretically, you could double your bank roughly every 3 months.

 

Here’s a Compound Interest Calculator that you can download and use to give you an idea of what is possible.

 

Of course, these results are no indication of what you will gain in the future. Anything can happen and you will encounter losing months.

 

Losing Months

 

I actually had a look back to find a losing month, which I did in April 2019.

 

You can see the screenshot here. There were 18 trades with 3 winning and 15 losing giving a strike rate of just over 16%

 

I didn’t do the exact maths but if you had an average loss of 40 points and a win of 80 points then you’d have had a total loss for the month of 360 points.

 

You must realise that you can’t and wont win them all.

London Breakout Strategy losing streak 2019

 

The blue lines are the winning trades. The red lines are the losing trades and the yellow lines are the no trades where the range was above 60 points.

 

I am working on a strategy to trade alongside the London Breakout Strategy. This will help limit losses and increase profit over time and keep you trading the trend and larger moves. It’s looking very promising at present. I will keep you posted.

 

Stay Safe

 

Once again, please try and stay safe during the current Coronavirus situation. None of us are truly alone, we are all in this together and soon enough we will come out the other side.

 

 

Morning Breakout Strategy GBPUSD

I ran a test over January on the morning breakout strategy that is very popular… especially with new traders it seems.

 

When I googled the search term ‘Morning Breakout Strategy’, there was very little in the way of results but plenty of people offering advice on how to trade this popular strategy.

 

So I decided to put it to the test.

 

What is the Morning Breakout Strategy?

 

The morning breakout strategy is a strategy using the GBP/USD when the London session opens. It is not dissimilar to the DAX breakout strategy.

 

The idea is that the price of the pair tends to break the trading levels/zones of the previous few hours and then trends that way throughout the day.

 

Sounds simple right? Well actually it is… and that appealed to me.

 

The theory behind the morning breakout strategy is that you take the highest and lowest price point of the previous 2-3 hours of trading and draw a line at these levels. You then place a set and forget order at the Spread Bet Company that opens a trade and goes long when the high is broken and goes short when the low is broken.

 

You are basically drawing support and resistance levels for the last few hours of trading.

 

As the data regarding the strategy online seemed a bit vague, I tested the strategy using 15 minute candles and the previous price levels from 6am until 7.45 am.

 

I then also ran a parallel test using 1 hour candles using the price levels from 6am until 9am.

 

Here is a graph illustrating what I was doing.

 

morning breakout strategy

 

You can see that I have drawn a line at the highs and the low points on the 1-hour chart I did the same on and 15-minute chart.

 

The blue lines highlighted winning trades and the red lines losing trades or trades where I considered the stop loss was to big to open a trade.

 

My Rules Trading the Morning Breakout Strategy.

 

Once I had got my support and resistance levels in place, I’d set entry points 3 points above the highest high and 3 points below the lowest low of the previous few hours from 6 am.

 

So when I was testing the strategy using 15 minute candles, I was using the last 1 hour 45 minutes of price data [from 6am-7.45am] to draw my support and resistance levels.

 

When I was testing the strategy using the 1 hour candles I was using the previous 3 hours of price data to draw my levels. From 6am-9am.

 

Once this had been determined, I was looking to take 2 x my risk as profit. So 2/1. If I had a 30 point stop loss in place, I was trying to take profit of 60 points.

 

I also didn’t want my stop loss to be to big. Certainly no more than 60 points and the lower the better.

 

You then just need to log into your spread betting account and set up the trade. So you have 2 orders set to open. One long and the other short. You set your take profit level at double your risk [stop loss]

 

You also will need to cancel the other trade once either one has been triggered.

 

Results Trading the Morning Breakout

 

Here are the results of the morning breakout strategy in January 2020 using 15 minute candles and 1H.

 

 

15 Minute Candles

 

W/LPoints WonPoints LostSLDateRunning Total
02-Jan-20
03-Jan-20
W683406-Jan-20
L272707-Jan-20
L343408-Jan-20
W603009-Jan-20
L303010-Jan-20
12891
3131
BE4613-Jan-20
L343414-Jan-20
L323215-Jan-20
L191916-Jan-20
L262617-Jan-20
minus 80
L313120-Jan-20
L262621-Jan-20
282822-Jan-20
282823-Jan-20
minus 193
313127-Jan-20
0028-Jan-20
0029-Jan-20
303030-Jan-20
643231-Jan-20Minus 190
Total Profit190 points loss

 

 

 

 

1 Hour Candles

 

1 hour chartSLPoints WonPoints Lost
02-Jan-203060
03-Jan-204848
06-Jan-204795
07-Jan-20
08-Jan-2057114
09-Jan-20
10-Jan-20
13-Jan-20
14-Jan-204080
15-Jan-20
16-Jan-20
17-Jan-203030
20-Jan-202727
21-Jan-203060
22-Jan-203333
23-Jan-20
27-Jan-203232
28-Jan-205700
29-Jan-20
30-Jan-204284
31-Jan-205461
Total Points Won554170
Total Profit384

 

 

These results mean that using the 15 minute candles, we had 19 trades with 4 winning and 15 losing or break even, giving us a 21% strike rate and a loss of 190 points. That makes some seriously grim reading.

 

However, using the 1 hour candles we had 13 trades with 7 winning and 6 losing or break even. This gave us a respectable 53% strike rate and a profit of 384 points.

 

8-9am the Crucial Factor

 

When you run tests like this, the information that you can gain is amazing. We can clearly see that by using the price data until 9 am that we have managed to turn our 190 points loss using price data up until 7.45am into a profit of 384 points by holding on for an extra one hour and 15 minutes before drawing in our highs and lows.

 

This also means that the size candles that you use up until 9 am are not particularly relevant as long as they are under 1H.

 

Why I like the Morning Breakout Strategy

 

I actually really like this this strategy and think that it could be great for new traders.

 

It is very easy to see what you have to do.

 

Once you have found your price levels then you set the trades automatically and set profit targets all within your financial bookmaker like CMC or IG.

 

The risk reward is in your favour 2/1

 

There aren’t too many trades that it will drive you nuts.

 

You can start with a small bank

 

Trading times are easy enough to fit around working schedules.

 

Why I didn’t like the Strategy

 

The main reason that I didn’t like the strategy is that you will need to keep an eye on when you get a trade that opens as you will need to then cancel the one that wasn’t triggered.

 

That is easy enough to do though if you just set price level alerts on the chart using the IG platform. This way you’ll know when you should have an active trade in the market and when you’ll need to login and cancel the other one.

 

You do not want to have 2 orders in the market on the same pair when using this strategy.

 

Morning Breakout Strategy is a winner

 

Overall the strategy was certainly a winning strategy over the month of January using 1 hour candles with price data from 6am – 9am.

 

I’ll do some more testing over the coming months and update some more results come the last weeks trading in March.

Happy New Year

Happy new year

Wishing you all a happy and prosperous New Year… may I take this opportunity to thank everyone for their support over the last year and let’s hope that our trading results are at least as good as in 2019.

Where Next for Bitcoin?

where next for bitcoin

I have not traded Bitcoin for some time now. I find the lack of price history gives me the jitters. But where next for bitcoin?

looking at the daily chart, the trend to me appears to be down. But that doesn’t mean that the price can break out of the triangle to the up side.

If you use the price history for 2019, then the trend is clearly up.

This is obviously contradictory to the longer term price history.

That’s my issue with trading bitcoin at the moment. I just can’t seem to make an informed decision.

Where Next For Bitcoin

The daily charts seem to offer limited information when you are trying to analyse bitcoin… but you can always look at the different charts to see if you can get an edge.

If you really want to try and trade bitcoin, then don’t be afraid to experiment with 1H, 4H candles. If you can hack the pace, the false signals and the spreads then you could even drop down to the 15 min candles and back test.

Trading bitcoin and indeed anything else is all about what suits you and makes you as a trader successful. Some traders are happy to be in front of the screen for many hours a day. Others will make one trade a day. Some traders only make a few trades a month.

Find what suits and stick to it.

Other Opportunities

Whilst everyone is obsessed with trying to figure out what way bitcoin is likely to go, many other opportunities are going begging.

Seasonality Trading is always well worth looking at come October.

The good old currency markets still offer regular opportunities too.

The Dogs of the Dow is another great strategy that absolutely anyone can follow each January.

If you want faster profits, then some of the fastest and biggest gains can come from trading individual shares… especially shares from the US markets.

As a trader, it is your job to find winning trades.  They don’t just jump out at you spell trade me.

For every chart there is a strategy that will work. It’s down to you to employ the correct one.

If something isn’t doing what you expect it to, then take a step back and look at other opportunities.

Trading Triangles

I mentioned in my last post about how you can trade the DOW when President Trump hits social media with his doom reports.

In this post I want to elaborate on that by sharing a video that explains on the importance of trading using Support and Resistance levels and how you can trade many other charts by drawing S&R levels that form triangles.

Using support and resistance levels should really form the foundation of all your trading.

These critical price levels can give you a clearer indication of where the price is likely to go.

Often when you are drawing your support and resistance lines, you will notice that channels and ranges become highlighted as well as triangles.

I love trading along triangles in either upward or downward trends.

The DOW Triangle

trading triangles

If you look at the chart of the DOW, you can see that I have drawn in a horizontal resistance line at the top and a diagonal support line at the bottom.

This has formed a triangle.

As I pointed out in my last post, the idea is then to trade at these support and resistance levels.

You will look for reversal candle patterns at these levels.

You will go long when price has reached the support level and a reversal candle pattern has formed.

And you will look to go short when resistance has been met and reversal candle patterns are formed.

Trading Should be Easy

Whilst this may sound too simple to be profitable, trading like this is in fact a very easy and profitable way to trade.

What’s more is that you can find triangles appearing on many charts.

If you build up your personal portfolio of charts that you like to trade that have formed triangles, over time you will find you have a very profitable and solid list of Indices, Currencies and Stocks to trade triangles.

Trading Triangles is a great strategy.

Trading Triangles Video

I want to share a video with you today on how you can use triangles and support and resistance levels in your trading.

This is a great video to give you a clear understanding of how simple it is read a chart, draw support and resistance lines and create trading triangles.

Social Media and the Markets

social media and the markets

It is obvious that every time that President Trump decides to tweet bad news about relationships with China, the markets take a nose dive.

 

This has been very irritating. One minute my accounts are at all time highs and the next day they lose chunks of gains because of a tweet.

 

Whilst I have found myself cursing Trump on more than one occasion; and wondering what self respecting president tweets his business, there is a pattern emerging that you can benefit from trading Social Media and the markets news.

 

Before I go on though, please be aware that if you can’t take the ups and downs of investing then you can always go and get a job in McDonalds instead of buying the stock.

 

All trading carries risks. What works one month doesn’t mean it will work the next.

 

Social Media and the Markets – Trading the tweets

 

If you look at this daily chart of the DOW, you can see that there have been sharp sell offs [blue arrows] after Trumps tweets about the trade war with China.

 

 

You can also see that I have drawn a support line that has been formed from the bottoms of these sell offs.

A simple strategy to profit from Trumps tweets is to wait until support is met again and trade the swing back up.

 

You will put your stop loss just beneath the support line.

 

This isn’t rocket science, but thankfully every time that trump has tweeted negatively and the markets have sold off, they [the markets] have then gone onto recovery steadily. Or at least back up to the 26300 level.

 

He [Trump] has the power to spook the markets sensationally using tweets. And it is his spooking of the markets that gives us that can spread bet the chance to profit from his tweets.

 

Taking a profit

 

If you enter your trade at the support level, where do you take profits?

 

A simple and effective strategy for taking profits is to move your stop loss up to a level of 2/1 in your favour.

 

For example; if you enter a trade and your stop loss is 100 points, then you wait until your trade is 200 points in profit and move your stop loss up to this level.

 

That way, you get to lock in profit and if the price continues to rally then you can get extra profit on top of your locked in winnings.

 

If trading the daily charts gives you larger stop losses than you’d like, then you can drop down to the 4H charts and trade those.

 

This may seem too simple a strategy to be profitable, but the price doesn’t lie… and nor does the chart.

Why Trade the German 30

Often I’m asked what and where, as a new trader should I start trading?

 

Whilst the answer could be ridiculously long winded… it’s far easier to keep it short and sweet.

 

So I’ll say, take a look at the the German 30

 

Why trade the German 30?

 

I personally like trading the German 30 DAX… but why should you and why do I recommend starting out there?

trade the German 30

 

Well firstly

the German 30 [DAX] is a very fluid market. There are opportunities to trade most days for most traders using anything from 5 minute charts up to 1H.

 

Obviously the longer time frame chart produce trading action on a day to day basis, but you can still catch plenty of good moves.

 

For those that want to trade the 4H and daily charts the trades can keep you in from a few days to months at a time.

 

Basically, the DAX creates good trading opportunities for most trading strategies and styles.

 

Secondly…

It’s the best of both worlds. By that I mean it moves enough to create ample profit each month in terms of points gained. It moves more than than the FTSE but less than the DOW [on average]

 

This means that you can trade with a relatively modest bank, can make good gains and also avoid the larger stop losses that you often need to trade the faster moving DOW.

Thirdly…

Multiple strategies can be used when trading the German 30.

 

From simple moving averages to just using the MACD… from price action trading to just trading the first hour, there is more often than not a system or strategy that can be implemented on a regular basis with a greater upside than there is downside over time.

 

Fourthly…

Bank sizes to start trading the DAX can be minimal.

 

Many of the the spread betting companies lowered their minimum stakes after the clamp down.  You can trade from 0.50p a point at reputable companies like CMC.

 

This means you can start out with a smaller bank to see if trading is going to be for you.

 

Fifthly…  

The spread is small. Trading the DAX offers you good value when it comes to the spread.

 

The spread is what the spread betting companies charge you to open a trade.

 

This means that you can enter a profitable trade quicker than other markets but also offers you the flexibility to be in and out the markets if that is your trading style without having to keep paying a hefty spread fee.

 

Sixthly…

The margin required to trade the German 30 has been kept modest in most cases. So once you open a trade your whole bank is often not needed to cover the position.

 

Obviously this all depends on your stake size and bank size. But if you are sensible it is easier to trade responsibly in most cases.

 

If you compare the margin and spread to trade the DAX against the margin and spread to trade Crypto currencies like Bitcoin you’ll clearly see that the DAX gives you good value overall.

 

Seventhly…

Even if you are using a practice account the DAX can really give you a good feel of how trading and financial spread betting works.

 

You can test out your strategies in real time with different time frame charts to see what type of trading is going to suit you best.

 

Because the DAX moves a lot more [in one direction or another] than most currencies, you’ll get a very realistic idea of how and why the markets move as they do.

 

Eighthly…

You can grow your bank trading the German 30 quicker than you can trading other markets.

 

This last point sort of encapsulates many of the above points.

 

Because of the fluidity of the DAX, trading it can result in building your bank faster than if you were trying to trade other markets.

 

When you have found a good trading strategy to use, 30% gains on average in a month can become quite realistic.

 

Obviously you are not going to make that guaranteed from one month to the next, but if you can double your bank every 6, 8 12 or 24 months then you could be onto a good thing indeed.

 

My Reasons for trading the German 30

 

The points above are certainly why I recommend taking a look at trading the German 30 DAX above other markets to new traders.

However, only you know what it is you are looking for when it comes to trading the financial markets.

 

Of course there are many other trading opportunities in many other markets that become available each and every day.

 

But certainly when you start out trading, you won’t go far wrong with getting a feel for how the markets work and move when looking at the DAX.

 

Remember too, you can open a dummy account to learn how to trade without risking a penny.

 

Whilst this will not be a substitute for the emotions that you will feel when it comes to using real money to trade. It still offers a good insight to trading the German 30 and indeed spread betting overall.

 

If you want to learn how to trade the German 30 successfully then be sure to check out my free DAX trading strategy HERE.

 

Bitcoin Trading Where Next

Bitcoin trading was hot topic for the press again recently.

Bitcoin was about to make a comeback… $20000 to be reached within the next month… blah blah blah. You’ve heard it all before.

What was interesting[ at least for me] was that the price finally broke past the 10000 barrier again. Then the bulls pushed the price up to 14000 and now the bears all the way back down again to 10000.

It’s a prime example of greed [everyone jumping on the bandwagon] and fear [everybody scared of losing too much money] this is what is causing much of the volatility.

Bitcoin trading Where Next

This volatility can make it tricky to trade Bitcoin successfully, as the fast price swings make it a heavily emotional experience… especially for new traders.

If you are looking to trade Bitcoin then my free Bitcoin trading strategy is a good place to start.

Also, IG launched their Crypto index last month. This is actually quite a good way to trade Bitcoin/crypto’s without the huge price swings you get with Bitcoin.

Bitcoin basically controls all the other cryptos prices anyway.

Bitcoin Trading

Bitcoin Trading – Where Next ?

Well, the honest answer is that no one actually knows. How can we? There is very little price history to tell us anything concrete.

With traditional currencies, Indices and shares it is still far easier to speculate price movement in my opinion. We can’t say that anything is certain, but we can be a lot more confident in our opinions.

We are in such a new era with Crypto’s that anything is possible.

I said in my private members area a couple of weeks ago that you need to tread carefully when trading crypto’s. Anything can send the price steaming one way or another for no apparent reason.

I still think that over time Bitcoin will reach unbelievable highs… £50000 + is seriously possible… and why not? Especially as the currency becomes more stable and also goes mainstream.

Plus, there is only a limited number of Bitcoin that can be mined so I think this will also start to affect price eventually… but that’s going to be around the year 2140 apparently.

Overall I think that Bitcoin and crypto’s are very interesting. But personally for me and a trading angle it is not something I feel is stable enough to get into seriously yet.

 

When not to use a Moving Average

Moving averages are the most commonly used of all the technical indicators.

 

They have the uncanny ability to get you in and out of trades without trying to find tops and bottoms.

 

Moving Averages can identify long term trend direction.

 

They can be used to identify stop loss levels too.

 

However, with all their benefits, is there a time not to use moving averages?

 

In my opinion, yes.

 

This is not being detrimental to the moving average, but is actually a way to enhance the moving average signals overall.

 

Support and Resistance levels.

 

Support and resistance levels should form the basis of all your trading entry points.

 

Knowing if the price is approaching key S&R levels can save you many lost points.

 

If you have opened a trade unknowingly near these vital levels to see the price rebound in the opposite direction, you know what I mean.

 

When the price of whatever it is you are considering trading is approaching solid support or resistance levels then you need to tread carefully.

 

And it is at these levels that moving averages can give you false signals.

 

When Not to use a Moving Average

 

Have a look at this chart of the DOW. You can see that I am using a 10/20 EMA on the 4H candles.

 

You can see that I have drawn in what is a solid resistance level.

 

Now, you can also see that the there were crossover on the 16/05/19 and the 21/05/19 both signalling a long trade.

when not to use a moving average

 

However, if you had drawn in your resistance levels accurately then you’d never have really considered taking this trade on knowing that there was such a large possibility of the price rebounding back of the level.

 

If you wanted to use the crossover as a valid signal, then you’d have waited first to see if the price broke through the resistance level and then opened the trade.

 

You can see that from drawing in support and resistance levels, if a moving average crossover is signalled as the price approaches these levels then it is a clear time when not to use a moving average to enter a trade.

 

You will notice this occurrence often when trading, and not entering a crossover trade when the price is approaching support and resistance levels will save you many a losing trade.

 

Range Trading Moving Averages

 

One other time to ignore moving average signals can be when the price is trading within a range.

 

Again, you can easily find if a price is trading within a range by drawing support and resistance levels.

 

Look at this chart of the USDCAD you can see that the trend has been seems to be stuck in a range although moving slightly up.

no moving average

 

You can also see that there have been numerous buy and sell signals created by the moving average crossovers.

 

Some were most certainly winning trades, but many more losses. You could have used a swing trading approach for far better results than the moving average can offer in this instance.

 

Once again though, if you hadn’t drawn in S&R levels then you could be having a trading nightmare trying to find a winning trade using a moving average.

Drawing in the S&R levels alerts you to not take any action until the price had broken out to either the up or downside.

 

Simple Trading

 

Moving averages combined with support and resistance lines offer one of the simplest but most effective ways to start trading.

 

If you can add into that the times when not to use a moving average, then your points profit over time can be improved along with your trading confidence.

 

To Recap

 

Moving averages are an awesome indicator to get you in and out of trades.

However, they can become even more effective by avoiding the signals created when the price is nearing major support or resistance levels.

 

Setting Trading Goals

Trading Goals

If you are serious about making your trading pay, then you really should invest the time to make specific trading goals to reach your desired level of income.

 

Before I had ever read the book Goals by Brian Tracy I had always set specific goals for myself whenever I was trying to achieve a certain outcome.

 

I actually can’t remember reading about doing this [reaching goals] until much later in life. I was at least in my 30s. However, I had been writing out my goals since my teenage years.

 

My Trading Goals

 

When I first started learning about trading, I had a strict agenda. I had written goals. I was going to make an extra £1000 a month from spread betting the markets and I was going to blog about my experience.

 

The reason I was keen to blog about my trading was to ensure and prove to all that should I get ripped off on my trading journey, my readers will avoid the same mistake. Blogging was also a way to keep myself disciplined.

 

I achieved all my goals… and more.

 

Your Trading Goals

 

Your trading goals will be individual to you and your circumstances. However, here are some tips when writing them out.

 

Always start your goals with ‘I’ and stay present. So for an example…

 

I am a successful trader making £1000 a month from trading the financial markets

 

I am making £1000 a month from trading the financial markets

 

I am a disciplined and professional trader making £1000 every month from trading.

 

However you decide to write your goals, always remember that you want to start them with ‘I’

 

Repetition is Key

 

I also got into the habit of writing my main goal out 10 times every morning by hand.

 

This somehow really helped me stay focused. Months later when I was still writing them out, it dawned on me how close I was to actually achieving my goals.

 

It may sound like some sort of mumbo jumbo to you now, but that one little trick certainly helped my subconscious do the hard work for me. It feels like you are programming your mind directly.

 

On average it takes 66 days to form a habit. Keep on keeping on. Your goals will materialise but give everything you are trying a chance to work.

 

Visualise Whilst Meditating

 

If you have read the blog for any length of time, you’ll know that I’m a keen meditator. I have been meditating for years now.

 

I can now enter a very deep state of meditation after around 10 minutes.

 

It is in this state of deep meditation that I can give myself suggestions of my goals and visuals of me achieving my goals.

 

This is one of the most powerful self improvement tools you will ever use. It can be literally life changing. Plus, you get all the benefits of meditation whilst doing so.

 

I often meditate in complete stillness, but I also use this app and also some of Kelly Howells MP3s, they are awesome if you are looking for certain improvements like gaining positivity; but the deep meditation is amazing for programming your subconscious mind.

 

Tools for Living

 

Learning about how to write goals is an essential life tool for successful living.

 

Once mastered, you will be able to use the same process to achieve anything that you wish.

 

Seriously… the sky is not the limit… your mind is.

 

Here’s a link to the Goals book by Brian Tracey again and beneath you’ll find a video about how you can work towards goals and achieve more from life.

 

Remember… if you want to make a living from trading, set your trading goals.

 

Some of you may think goal setting is unnecessary… however, I assure you that most successful traders, entrepreneurs and business people all set goals. Why should you be any different?