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Attention: S&P Day Traders!
One of the common failings of day traders is the matter of greed. What I mean by this is, what would you be satisfied in making each trading day? - $200? $500? $750? $1000? $1500? $2000? Just how much would you settle for each trading day, and would you stick with your choice and not second guess each day?
This is where discipline comes into play. If you are going to pick one dollar amount, it is absolutely essential that you stick with that choice and not let your emotions interfere and change that decision. This is, as one client so aptly points out, “The Power Of Quitting”. If you end up the day in a winning mode, it’s so much easier psychologically to start trading the next day. If you let your head rule, then what happens is that Murphy’s law rears it’s ugly head. If you pick $500 as your choice, and this occurs after your first or second trade, you think that as you have the rest of the day to make more, so you continue trading and the next trade is a maximum loss. Then you think, oh well, the next one will be a winner. Perhaps it is a part winner, and you are still below the $500 level. So you continue trading and by the end of the day you will most likely be a loser or a small winner. Discipline is the winner, not emotion.
For example, the new TRENDWAY DAY TRADING SYSTEM which shows intraday results for the days 2/20/09 to 2/27/09 (6 trading days). If you had taken all the trades (4 contracts per trade) according to the rules in the trading manual, you would have shown a profit of $3,825 including an allowance of $15 per contract. If you had chosen to stop trading when your last completed trade had been made and your target reached, your choice of options would have resulted in:
1. $200 or more per day, you would have made $2,440 2. $500 or more per day, you would have made $3,890 3. $750 or more per day, you would have made $3,720 4. $1000 or more per day, you would have made $4,110 5. $1500 or more per day, you would have made $4,110 6. $2000 or more per day, you would have made $4,790.
With lower options, you would be trading less number of trades per day, starting with the least at $200 per day (14), versus trading all the trades (50) as dictated by the trading rules.
This is a robust and exciting trading system that will satisfy both those who want X profits as soon as possible, and those who crave the excitement of the chase during the US trading hours. The Trendway II Trading System is also a first class swing trading system with exceptional results.
VIEW SOME RECENT RESULTS HERE Order the Trendway II Trading System NOW
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