a “set and forget and get a life” trader and investor in the financial market
Being a slave to your desk 24/7 is a big misconception about the trading industry. We, at our online trading academy teach Supply and Demand recognizing the market’s turning points in advance. Therefore, our Supply and Demand strategy helps us to plan trades ahead of time. At our online trading academy, we identify Supply and Demand imbalances in order to spot potential trading setups, place Entry-, Target- and Stop-Loss orders in advance, and let it play out. We call this strategy: “set and forget” and get a life!
This specific trading style helps us to master life outside of trading. We believe that a balanced lifestyle will contribute to a steep learning curve and consistent trading outcomes. Moreover, it is the best way to control emotions as facing the trading screen all day long usually comes with negative impacts on the ability to take rational decisions. As a forex, futures or stock trader and investor, the ultimate goal is not only to have financial freedom but also to have a proper work-life balance. We do not want to replace a “9-5” job with another. Instead, we want to have enough time to do the things we love doing. Here is what you need to know about how we, at our online trading academy, teach our community to trade and invest in the forex, futures and stock market:
A general misconception in trading and investing
Stereotypical retail traders sit in front of their screen all day to check on their trades. You might have heard the statement that the time spent on trading and investing is congruent to the money you can earn. However, this is not entirely true and not as efficient as it may seem.
The first danger in assuming “trading all day long will lead to greater results” is that you might neglect other social or personal commitments. The day only has 24 hours and most of us have families, jobs, and social activities to attend to. Also, physical activity and sufficient sleep are crucial to balance the overall wellbeing. Hence, many potential traders and investors starting their journey, back out early before they begin to make profits. Sometimes those time constraints put traders off before placing their first trade.
Today, there are still a lot of people who see the forex, futures and stock market as an inefficient and dangerous place to earn returns. Thus, it is easy to get influenced by the wrong idea especially when trading is done on a daily basis. However, here at our online trading academy, we do erase these misconceptions. We value our commitment to our students and aim to change their perspective. Our students will learn how to become “set and forget” traders and investors. The strategy provided means no 24/7 screen shifts without missing out on high quality trading opportunities.
An average trader’s perspective of the forex, futures and stock market
The conventional trader and investor looks at trading and investing in the financial market from a retailer perspective. However, just like the rest of the major institutions today, we at our online trading academy do it the other way. Hence, we train our students to following mindset:
If you ask the average retail trader and investor, they will say that you will need to have the most advanced tools and superior market knowledge to succeed in that business. They will also encourage you to keep track of the charts and decode the market data 24/7. But, do you really think that successful banks and institutions and major investors follow the same strategy retail traders and investors are following?
Actually, it is the opposite. Banks and Institutions are businesses, buying at wholesale prices and selling at retail prices. This allows them to build a strong position in the forex, futures and stock market while still reducing their risk of failing. Consequently, we teach our students to act and think like banks and institutions.
Think, act, and trade/ invest like banks and institutions
Here at our online trading academy, we do not train our students to become conventional traders and investors. Quite the contrary: we convey a certain set of skills in trading and investing, how to think and act like bank and institutions. We provide solutions to earn short-term income and build long-term wealth.
So how can we achieve this? First and foremost, it is best if our students are clean sheets and have never read a book about trading and investing in the forex, futures and stock market. If this is not the case we help them to shake off any retailer perspective in trading and investing. We show them how to identify Supply and Demand imbalances in the forex, futures and stock market, place an Entry-, Target- and Stop-Loss order in advance, and let it play out. Eventually, this simple method will take away feelings of anxiety, fear, or frustration. Mastering the Supply and Demand concept is essential as it avoids emotions coming in the way of making good trading and investing decisions.
Deserting emotions is extremely tough especially when new to trading and investing. We help our students to rewire their thinking. The secret behind rewiring is to remain neutral, collected, and aware during trading in the forex, futures and stock market. At our online trading academy we replace the terms “winning or losing” trades. The term “losing” has a very negative connotation. Rather we should think of it as “costs”, costs of running our own business. There is no profitable business without costs right? The sooner we master the mental game in trading the bigger the chances of reaching the ultimate goal: becoming consistent profitable traders in the forex, futures and stock market.
The secret behind the Supply and Demand method
Before our students place their first trade in the forex, futures or stock market, they have to give their full acknowledgment and total commitment being fully aware of the consequences. This is necessary so that they can confidently walk away without monitoring it all day long. After all, the fluctuation in the financial market cause emotional ups and downs, so they give themselves some peace of mind. It may be difficult at first especially when they are still relatively new to trading and investing. However, doing other activities are healthier than anxiously checking the latest news and charts in the market.
Once our students are confident enough and have adapted to the “set and forget” strategy by applying the laws of Supply and Demand, emotions and stress will be reduced and trading will become part of the normal life. In fact, some academic studies reveal that traders or investors who are less-involved have a smoother performance and are actually much more successful in the long run compared to those who are not.
We believe that constant worrying and chart-watching trigger negative behavior, such as jumping into trades that are not in line with the clear ruleset provided by our online trading academy. Hence, we encourage our students to adopt “set and forget” since this reinforces a more positive and healthier attitude towards trading and investing. Once our students understand trading is a not 24/7 job, they will start to realize that this is one of the most efficient ways of trading. The following are some of the advantages when following this method in trading:
- Definition of entry, targets and stop-loss in advance
“Set and forget” pre-defines the entry into the financial market, profit targets and stop loss. This helps our students to be aware of the possible outcomes hence increases the acceptance of whichever outcome. This promotes peace of mind.
- Elimination of greed and fear
Our community lives by one of Wall Street’s oldest saying: “Bulls and bears get fat but pigs get slaughtered.” Since we are not obsessing over the possibility of winning, we do not become too greedy. We are humble and grateful with the opportunities the financial market provide.
- Teaching to adjust accordingly
Now since our students learn that losing is part of trading and investing, they are able to walk away with a clear head and plan their next step accordingly.
- Reinforcing positive behavior
This self-reinforcing outlook influences our students to keep on repeating this positive behavior. The longer they follow this method, the stronger the influence becomes.
At our online trading academy, we do not only encourage our students to follow a “set and forget” strategy, we are also nurturing our students to boost their confidence and discipline through a clear set of rules and an effective trading system based on Supply and Demand. After all, the key to trading is confidence and control over what you are doing. It’s is an invaluable learning that our community can apply not only in the world of trading and investing, but in the real world as well. Hence, our community nurtures this confidence by sticking to a “set and forget” attitude towards the trading industry. Though there is no shortcut to this, our students will eventually be more in control of their trading routine no matter what the outcomes are and reap the benefits of their hard work in no time.