To be a consistently profitable independent trader or investor, you have to make better decisions. Traders often come to us looking to develop their own consistency in trading markets. As a trading skill development firm, we work hard to develop processes that enable as many traders to succeed as possible. To help traders make better trading decisions, we point them in the direction of 3 focus areas we center all of our teaching around and one of them is the 4 questions every trader should ask & answer before putting on a trade.
It’s been our experience that no other area of focus will as immediately impact the performance of a trader (and their positive expectancy) as quickly as when they implement these 4 questions into their trading decision process.
What follows is a simple matrix of questions for evaluating any and every trading and investing decision you make. While we stand by the assertion that there are no holy grails in trading, If you put these questions into place, it will absolutely lead to more consistency and by extension, greater profitability.
A disclaimer before we begin….these questions will not remove your need to do due diligence and be disciplined, but they will give you a simple, easy and repeatable process with which to execute in a disciplined way.
Our promise to you is that If you do the work and approach every trade by using these 4 questions you will absolutely see a positive difference in your P&L and your consistency.
It’s all about making better decisions.