In my live workshop, we will focus on “The Five Essential Building Blocks to Successful Trading.” These are the areas I believe need to be in balance for consistent success in trading;

1. Define a healthy “role” for trading in your life. Often traders struggle because their motivation for trading is about solving problems in their lives. It should be about staying within your own “trading map,” making trades because they fit within your method and are determined by your analysis.

2. Building “emotional fitness.” Our emotions may prevent us from maximizing trades or cause us to stay too long with a loser. Much of what drives us as traders is not related to trading. You need to discover these roadblocks and the emotions they trigger.

3. Trading Style and Methodology. Assess and determine the best choice of markets, trading style and methodology for your personality and financial condition. What markets do you trade in? What are your trade objectives and accompanying tool sets? Do you have the right amount of capital committed to the market and your living expenses to increase the odds of success. Learn how a mismatch in these aspects of trading can sabotgage your trading success.

4. Discipline! Integrate my six Fundamental rules of discipline! This is the most overused and misunderstood word in trading. It goes well beyond just keeping your losses small. It encompasses your learning and research, mental prepared¬ness each day, physical condition, trading environment and more. Do you have the discipline to move to a high level of commitment in these areas and execute within your prescribed method and plan?

5. Build a winning formula. You need reasonable goals and the math has to work. So many traders need or expect to have huge returns. If you place a proper expectation on each trade or day or month, depending on your perspective, you will likely handle the positions properly, raising your “batting average” and your overall success.

• Over 3 Decades Professional Trading Experience on and off the floor!

 
• One of the original market makers in the OEX options pit

 
• Featured SFO Magazine Columnist since 2002

 
• Respected Trading Coach and Mentor