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Trading Edge

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Some of the key takeaways include experimenting to find the best niche, having clear goals and evaluations, and focusing on one trade per week.

Tips for developing a trading system include having clear entry and exit rules, using indicators like VWAP, and focusing on a single niche that matches your talents and trading edge.

Strategies mentioned for dealing with losses include knowing your average loss per trade, aiming to lose less than half in your next 20 trades, and cutting problems in half to make steady progress.

10/16 Case study of 8 successful traders

● Trade your niche that highlights your talents


● Align your talents with a trading edge
● Experiment, discover a niche best for your talents, trading edge and then master that
edge
● Is this the right product for you?
● Is this the right time frame?
● Go where the big players cant


● Work on goal, find solution and grade your day
● Is that stock above or below you?
● 2 day VWAP (indicator for swing trade)


● Focus on one trade a week
10/17 How the Rock Options Trading System Adjusts Fluidly to Market Conditions

10/18 ​The important and rarely taught trade for volatile markets: The 
Market Play Trade 
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● Spot your edge = put your trade on 
 

 
 
 
 
 
Trend Trading Secrets the Pros Hope You Never Find Out | Price Action Trading 
 

 
 
10/30 How to Trade Dangerous Market 
● Have a bounce list =  
● Always be prepared for a flush = usually on the open or close 
● Have the exit ready to be go before you enter 
 
10/31 Blackstone 

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● RSI divergence , sometimes look in smaller time frame 
● Doesnt trust rising support in a brea market 
● Doesnt trust penants/ flags near resistance ZOnes 
 
11/1 How to trade one of the biggest opp in the market 
● There just needs to be a likely solution 
● How to attack this as a developing trader (realistically) 
11/4 
● If market smiles at you, usually mean bearish movement 

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● Reload zones (smirk) > trade location 

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11/12 10 powerful trading lession from market wizard Ed Seykota 
● Buy above the market (breakout trader) 
● Set protective stops at the same time he enters, moves the stops in to lock in a 
profit as the trend continues 
● No donwtrend last forever, market as the same they were 5-10 years ago 
● Speculate wqith less than 10% in your liquid net worth. Risk less then 1 %. This 
tends to keep the fluctuations in the trading account small, relative networth 
● Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts 
on the way up. Keep your eyes open at the top 
● Periods during which trendin following systems are highly successful will lead to 
thier increased populairty. As the number of system users increasa and the 
markets shift from trending t od directionsless price action, these systems 
become unprofitable and undercapitalized and inexperienced traders will gert 
shaken out. Longevity is the key to success 
● Systems dont need to be changed. The trick is for a trader to develop a lifestyle 
he is compatible 
● If you cant take a small loss, sooner or later you will take the mother of all losses 
● A losing trader can do little to transform himself into a winning trader. A losing 
trader is not going to want to transform himself. Thats the kind of thing winning 
traders do 
● Handle losing streaks by trimming down my activity. I just wait it out. tryin g to 
trade during a losing streak is emotionally devastating. Trying to play “catch up” 
is lethal 
11/ 12 Improving the odds of trading success w/ Dr Brett Steenbarger and Mike 
Bellafore 
11/28 A Trade Setup Used by Top Traders So You Can Grow Your Trading Account 

 
 
2/15/2020 scalping strategy 
● Trade breakout 
● Consistent  
● Small losses 
● Short and quick 
● Watch for volume 
● Scalp with momentum, exit as soon as momen stops  
● Opp for momen scalp underneath the consolidation, anticipating the break  

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● Scalping works best for people who think quickly (gaming, math, fast decisions,) 
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03/26/ Oliver Velz The most powerful trading tactic of all time 

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4/01/2020 ​How a part-time profitable trader agonizingly blew up his trading account (so you 
never do!
● Who are you to decide what the price of a stock is? And the stock can go much up
higher?
● Know where your stops will be (cover your positions if your wrong)
● Predetermine how much you will lose on every trade (% on overall account)

● Immediately put in SL on swing trade (dont have to think, PC does it for you)

4/03/2020 The biggest 7 figure trader secrets revealed

4/14/2020 How a trader can break a sweet spot


● If you’re good at making $50, keep maxing that out (it needs to come effortlessly)
● By chance you make more is when you are ready to step up in size
● When you stop trying is when you break through, say you won’t try anymore
● Knowing your current ceiling is good, it will keep you in line, don’t force it

How traders can deal with massive losses


● Responsibly is not lose as much NOT winning
● Know avg loss per trade
● Next 20 trades, lose half or less
● Lose better, lose your way to profitable, mastery, promise land

Cut your problems in half


● Remove what was blocking the gains thats was already there
● Don’t remove al your problems
● Cut them in half is easier and quicker path to seeing progress
● If it’s too much, you might give up

Focus on tactics not the money



 

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