Setting up your trading buckets is a great way to organize your trading business. We encourage our students to have a collection of strategies or ways to enter the market so they can always have a way to make money no matter what the market is doing.
Click here or in the video to find out how to set yourself up for trading success!
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00:00 Trading
01:07 Bull vs Bear
03:18 Bull
04:38 DTE
06:14 Strategies
07:23 Matrix
09:48 Edge
12:03 Diversify
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There are endless ways to make money in the market. But to profit consistently and thereby generate a reliable income in a trading business, it takes planning, effort, and strategy.
In this excerpt from Trading With The Pros session 80, Stephen and John discuss how a trader might set up his business with trading buckets, or a series of trading strategies to be used for specific purposes.
A trader may use strategies like “The Car Trade” or a Bull vs. Bear type of strategy such as our long-time Pro trader David used in past presentations with us.
To further explain how this bucket system might work, Stephen presents a matrix that helps to describe how a trader could make use of their collection of strategies.
This is a fantastic discussion that you will NOT want to miss!
We know you will enjoy this insightful podcast where we discuss the many aspects of trading and what it takes to be profitable. Even more importantly, listen up and discover what not to do as we reveal common mistakes you must avoid in order to be successful in the world of trading.
We would love to hear your feedback so be sure to ask questions and comment on the video.
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