Over the years I have discovered a formula that works for me and may work for you, and it centres around consistency. Everything in trading is about controlling what are often seen as the two demons in your head – fear and greed. We trade to feed them and sometimes by trying to please both, we lose.
Trading is as much an emotional challenge as it is a technical challenge. However, it’s the emotional piece that has the highest impact on performance. Regardless of your trading signals or indicators,trading in a lower mental state is not productive and you’ll be setting yourself up for failure.
Instead of seeing these emotions in a negative light, what we need to do is recognise their presence and trade in a way that manages their effect to our advantage. The system of tools that we developed are designed to keep these emotions in check and out of your trade plan. The5D Moving Averages tool helps you to manage the fear bykeeping your trades safe – it tells you when to get in and, most importantly, when to get out. The Multi-Squeeze tool operates on any one of 6 dimensions allowing you to adjust your “greed” factor and accommodate your “fear” levels.
I am the first person to admit that this is way easier said than done, and I am not going to tell you that you will be successful using my tools. The tools work, but at the end of the day they are simply there to assist.The weakest link in any trade plan is YOU, the trader. The tools are designed to speed up your analysis – to get you to a trade decision faster and more consistently. It is only with consistency in your trade plan that you can expect consistency in yourtrade performance