First Blog Post

 

Having been part of the 95% of traders that lose money, making this blog post as a starting point to turning my trading life around.

 

The two systems that I have learned prior to this was leveraged ETF trading and Options trading mid cap and large cap companies.

 

Utilizing a cash account and a trading system that buys on the lows of a 52 week chart on leveraged ETF's making 5 entries as it falls down sounds really crazy now that I think about it.  What happens when a leveraged ETF becomes a penny stock?  It reverse splits and keeps trending downwards.  Looking back in hindsight without the rules of trading of cutting losses quickly and position sizing, I can see why this was doomed to fail.

 

I dabbled in the world of options and although I started a year ago, and made money but my consistency was not there due to lack of knowledge and doing this on my own has been an uphill battle.

 

Learning the ways of Tim Sykes I now see why I was part of the 95% of traders that failed.  Lack of education, experience, not using the right tools, no consistent profitable system. 

So what is a trader to do?  Learn from the top 5% of traders that win.  Lets see where this path will take me.