The Ultimate Guide to Create Your own Trading System Part 1!

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www.tradergrowth.com The Ultimate Guide to Creating Your Own Trading System Part 1 Picking the bits that you find dandy You’ve been trading for a little while now but consistent profits have been unachievable. None of the systems you’ve been trying seem to work for long, if at all. Frustrated, confused and lost, you’re not sure what to do next. Do you keep searching for a system that works? Do you give up and accept defeat? You do neither. You create your own goddamn trading system that is awesome. How many pro traders do you think trade someone else’s system to a tee? I’ll tell you how many. None.

Transcript of The Ultimate Guide to Create Your own Trading System Part 1!

Page 1: The Ultimate Guide to Create Your own Trading System Part 1!

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The Ultimate Guide

to Creating Your

Own Trading

System – Part 1

Picking the bits that

you find dandy

You’ve been trading for a little while now but consistent profits have been

unachievable. None of the systems you’ve been trying seem to work for long, if at

all. Frustrated, confused and lost, you’re not sure what to do next. Do you keep

searching for a system that works? Do you give up and accept defeat?

You do neither. You create your own goddamn trading system that is

awesome.

How many pro traders do you think trade someone else’s system to a tee? I’ll tell

you how many.

None.

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Sure, they may have some similarities here and there but the ultimate fact is this:

You cannot successfully trade someone else’s system the same way that the creator

does. To do so would mean that you share exactly the same beliefs, expectations

and market history of the system creator. It’s not going to happen.

Let’s say I’ve been trading for a year, focussing on “price action” techniques and

“naked” charts and I stumble across a supposedly profitable trading system that

makes trades based on crossing moving averages and stretched oscillators. How

well do you think I’d trade within that framework based on my history and therefore

my beliefs about the market?

Poorly.

“What is the alternative? “ I hear you cry, “I’m not smart enough to make my own

trading system from scratch!” Well, I beg to differ. I guarantee you have the

knowledge that you need to create your own system if you’ve been trading for a few

months and understand the basics (email subscribers should read my free e-book to

see what I define as “the basics”).

What you’ll need to create your own trading system:

1. You need to know the basics. I’m talking about buying / selling, lot sizes,

order types, trends and all these simple things. Without a thorough

understanding of these concepts, you’re really not ready to move forward.

2. You need to have been exposed to a number of market concepts or methods

that make suggestions for interacting with the market. Followed a few

systems over your 12 months trading? Great, you’ve got a starting point.

3. Be willing to stick with a potentially poor system on a demo account to work

out the kinks. You’ve got to start somewhere and that somewhere might

not be great. If you create a profitable system right off the bat, I’ll eat my hat,

you sly cat (oh god I’m so sorry) but it’s more likely you’ll created a system

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that will have you going “meh” on the daily and that’s perfectly ok. I’ll explain

why below.

4. Enjoy the process of getting better every day. Think like an athlete for the

sake of this exercise. Your daily trading activity is just training, as is your

journaling and reviewing. Training that has the potential to make you very

wealthy. Don’t forget that bit and it’ll seem more fun.

Now, all the above requires an itsy bit of discipline, something that most human

beings that decide to trade don’t have a lot of. Think of it this way, you want to

create a lasting system that you trust, know and have made yourself. Nothing you’ve

done up until this point has created consistency so why not put in the work for a little

while and see what happens?

I can guarantee it’ll be more productive than looking for another cookie cutter

system on a trading forum.

Alright, so enough about the requirements, let’s get into the fun bit. CREATION!

You’re a human being (I suspect) and you’ve had many interactions with the markets

since you’ve begun. That creates beliefs. Beliefs create expectations and lead to

actions. We need to work with your specific beliefs to create something sustainable

and something that you’ll enjoy trading.

We’re going to create a trading system that is inherently yours. Fuck yeah.

Exercise 1

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