Trade with the Odds in Your Favor

FT. LAUDERDALE, Fla. - Aug. 24, 2013 - PRLog -- Announcement: Free Webinar: “Trade with the Odds in Your Favor”, August 28^th, 2 p.m. (New York), Presented by Thomas F. Barmann from NeverLossTrading.  

http://tradersexclusive.com/educational_webinars_for_traders/

Why do companies produce a business plan?

A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the actions needed for attempting to reach those goals. The reach of the associated financial plan is mostly about 3 to 5 years, to look at the annual return in that timeframe.

Are you doing this for your trading? Do you have a trading plan with set goals?

Here are the key pillars, such plan shall contain:

Evaluate your trading based on history and approximate the win and loss potential of every trade, with a clear action plan how to produce higher gains than losses, which will include:

Assessment of the probability for success for every trade using quantitative method to approximate the most probable and widest expected positive price move per time unit observed.

Meaningful risk assessment and management:

-          Small risk taking might result in being stopped out in the natural price distribution, while the trade still goes in your direction.

-          High risk leads to account draw downs.

If you have all this on hand, congratulations; however, do you have a system, which gives you high probability trade setups?

When you are missing all or some of those critical elements, your trading business plan is built on hope and hope surely dies last, however it still does not give you a prosperous perspective.

In NeverLossTrading or TradeColors.com, you will experience and learn how to evaluate every trade situation and only accept those, with the odds in your favor.

If you like to schedule for a private consulting hour: contact@NeverLossTrading.com

Join the FREE Webinar on August 28, 2 p.m. ET: “How to Trade with the Odds in Your Favor”. Here is the registration link: http://tradersexclusive.com/educational_webinars_for_traders/