TraderTerry.com

Finally, after all the searching, all the frustration, all the cost, I found it.

Not the Holy Grail. No magic indicators. No “black box” system. No special software, no specific charting package, and no signal service.

Would you be surprised to learn that I trade with NO INDICATORS at all? Actually I do sometimes use a couple of them, but completely differently to the way that you use them. I don’t need candlesticks either, although they do make it easier to read the OHLC. I certainly don’t use them the way I was taught to use them. Why? Because like all other such things, they only work while they work!

Here it is at last. What I use to trade successfully - a simple chart with plain old price bars!

What a shock. It was there under my nose all the time and I just couldn’t see it. It’s right in front of you, too. You have to learn how to read charts.

So how successful is my trading now? Would you believe a couple of my methods (note: not “systems”) win in the 90th percentile? Another one is at least 70% accurate.

And the best part is that I no longer have the stress and anxiety I was used to when in a trade. I don’t trade every opportunity that comes my way. I just pick the ones I want. I only trade once or twice a day, and some days there are no suitable opportunities, so I don’t trade. I’m OK with that. I have overcome the NEED to trade, which is like a drug to most traders, and was to me.

“Is it really that simple?” you ask. Not exactly. I also had to learn how to manage a trade once in it. And I had to learn to manage myself – my weaknesses.

By the way, I never trade stocks. Trading an individual stock is too risky because of lack of diversification. Not only that, but the prices are being manipulated. I’ve stopped trading my fancy option spreads too; in fact I don’t trade options any more at all. Why? Because the stock market is operated by greedy, unscrupulous people who rip you off at every opportunity, and option prices are even more manipulated than stock prices.

I also never listen to news or try to trade it. The news is manipulated too. I don’t care if the market is bullish or bearish, because I trade both ways – sometimes both ways in a day! All the news is already built into the price action on my simple charts. I don’t try to guess the direction of prices or markets. I don’t have an opinion. I simply trade what I see unfolding in front of me.

Speaking of opinions…
…you know how the saying goes – everyone has one! For the same reason I don’t listen to the news, I don’t listen to the “experts”. When they’re right they make a big deal of it, and when they’re wrong (which is most of the time) they never say anything about it! Hot tips, opinions about the market or the economy, stock picking services, CNBC… – not for me.

Another very good feature of my new trading methods is that there is absolutely NO RESEARCH to do! Gone are the many hours of searching for good stock or option possibilities, then having to do all the calculations for strike prices, delta, implied volatility, blah, blah, blah…

I am now offering to share my new-found knowledge with others who are struggling the way I used to struggle. It took me years to learn something very simple, but if I had been shown it at the beginning I never would have believed it! It seems we have to do things the hard way in this business or else we think it can’t be true.

If anyone is interested in learning more about how I trade, just post a comment here and I will be notified. Don’t forget to leave your email address! Or email me.

I’ll finish this post with a message from my heart. If you are trading and losing – STOP TRADING. You know the definition of insanity? Doing the same things over and expecting different results. Please stop trading before you blow out your account, and learn how to read charts before you start trading again.

Cheers,
Terry
www.TraderTerry.com