How ‘ROBUST’ is Your Trading System?

December 13, 2007 by admin · Leave a Comment
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How robust is your trading system?

Could you put a number to it?

What does that mean, anyway?

Well, robust means how well your system holds up
and still makes you money even when drawdowns occur,
as they will with any system.

Knowing how much of a drawdown your system can
withstand and still be profitable at the end of the
month is critical to know regarding discipline.

You see, where many traders run afoul is when a
drawdown occurs.

They begin to lose faith in their system, and then
are very tempted to deviate from it.

Unfortunately, that tempation to start toying with
your system may begin just at the time when you
really need to be sticking with it.

Why?

What happens AFTER a drawdown?

A profitable run is often starting, and that is
precisely the time that you want to be following
your system and reaping the profits.

If you know how much of a drawdown your system
can withstand, then it makes it so much easier
to stick with your system through the drawdown
and into the winning spell.

You can easily and quickly determine how robust
your system is, how much of a drawdown it can
withstand and still be profitable through the
simple act of backtesting.

Backtesting has many benefits and can take many
of the emotional challenges out of your trading.

It is also one of the key best-practices in
trading to keep your cool and make the decisions
that keep your profitable.

To make backtesting and getting your metrics on
your system easy and fast, The Trading Performance
Analyzer has just been updated to include both
maximum drawdown and both losing and winning
streaks.

You can find out how easy it is by watching the
video here.

http://insideouttrading.com/tpa/analyzer/

If you feel that it would help you to trade
better and make more money, then simply click
the link below the video.

Have a great weekend!

Cheers

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What is your TRUE motivation for trading?

December 7, 2007 by admin · Leave a Comment
Filed under: Uncategorized 

Brian here and I have a few very important questions for
you to ponder over the weekend.

We only get one shot at this life - it’s not a rehearsal,
so take a few minutes to read through this message.

———————–
Part 1 - The Initial Questions
———————–

Are you trading solely for the money, or deep down do you
truly want to be a trader?

Do you have a passion for trading itself?

If you had all the money you needed to live a comfortable
life and have the things you want, would you still be
trading?

If you got a phone call tomorrow that a distant relative
had died and left you a sufficient sum of money such that
you had no more money concerns and you didn’t have to work
either, would you keep trading, or would you quit trading
and pursue your other interests and passions?

If you would keep trading, then go to Part 2.

If you would quit trading, then go to Part 3

———————–
Part 2 - You’d keep trading
———————–

Okay, so you have a real passion for trading itself, money
motivators aside. That’s excellent because it really is
a great business to be in.

Now the question becomes, Do you trade with a system that
you’re very comfortable with and is producing satisfactory
profits for you?

Also, does the time that trading requires of you have your
life a bit out of balance, where you would prefer to have
more time for your self, your family and other interests?

If trading is taking more of your time than you’d like for
the long term and / or you could use some help with the
entries, exits and timing, then perhaps a good starting
point would be to get daily market analyses on the markets
you trade.

You can get market trend analyses emailed to you from a
reliable source at no charge on a daily basis and for as
many markets as you choose to have on your watchlist by
going here,
http://ino.directtrack.com/z/88/CD121/

If trading really is your passion, get help to become the
best trader you can be, so that it is both fully enjoyable
and profitable for you.

Do let me know how I can help along the way.

———————–
Part 3 - Trading Isn’t Your True Passion
———————–
Are you trading simply because you want to escape from the
rat race and see trading as the means to achieve the
freedom you so strongly desire?

You always have choices.

Perhaps you have lost your passion for the occupation you
have been doing for the last so many years, and you just
want some freedom from the life of working for someone
else.

A person really should follow their passions and do those
things that are enjoyable and rewarding, not simply for the
end goals. When you find a way to do those things you love
and take care of your money concerns, that’s when you’ve
really achieved success, in my opinion.

The best of all worlds is when you have secured a passive
income that takes care of all your expenses. That’s when
you have true freedom.

If you’d like to find out more about a realistic and
workable plan to get yourself in that exact situation and
in a rather short period of time, then go here

http://insideouttrading.com/go/trading-alternative.html

I’ll share something with you that has nothing to do with
trading, but might just let you retire as early this year
with your money concerns taken care of and your time free
to do as you please.

———————–
Conclusion
———————–

Please don’t take offense to anything in this message.

I only ask the questions and make the recommendations that
I do because life is short and we only get one shot at it.

This isn’t a rehersal.

No matter what is going on at any given point we have
numerous choices and alternatives available to us. We
might as well remain open to them to live our lives to
the fullest while we’re here.

I hope you have a great weekend!

Cheers

Brian

P.S. Even if you’d keep trading, if you know of anyone
else that is ready for a major change and would prefer to
retire early and comfortably, send them to this link

http://insideouttrading.com/go/trading-alternative.html

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2008 is nearly upon us. Are you making ready now?

December 2, 2007 by admin · Leave a Comment
Filed under: Uncategorized 

Did you make any resolutions last January?

Did you follow through on all of them?

86% of all resolutions go unrealized, but there is
something you can do about it to give yourself
much better odds that you will make YOURS happen.

I heard a quote by Brian Tracy the other day that
I found particularly pertinent to resolutions.

“A clear vision, backed by definite plans, gives
you a tremendous feeling of confidence and personal
power.”

What areas of your trading do you envision would
improve the most if you focused your resources on
them?

* Your mindset?
* Your System?
* Emotional control?
* Organization and general practices?

Why do I ask?

Well if you really do want to see some big improvements
in 2008, when would be the best time to begin, after
January 1st when the “old pattern” would have to take
action, or this month, before the holidays even arrive?

This month there are a number of things you can initiate
to make next year even better. A few that I know of that
are coming this month, December, are:

* The relaunch of a powerful and very highly praised Forex
trading system,

* My eclass on Building a Rock-solid Trading Foundation,
expanded dramatically from the last session and putting
you on the fast-track to having a truly solid trading
business, covering both personal skills and business
aspects of trading,

* Numerous special offers on popular products and services
specifically to explode your trading

I’ll be letting you know about these events as they draw
near, so be checking your inbox and reading my emails.

If you haven’t already started preparing for 2008, NOW
is definitely the time, so you can “hit the ground
running” and really make 2008 the best year ever!

Cheers

Brian

P.S. Speaking of excellent discounts on great products,
there are only 4 discounts left for the Trading
Performance Analyzer, so if you haven’t already checked
this video out, you still have time….. maybe.

http://insideouttrading.com/tpa/save20bucks.html

The link with the $20 discount coupon is right below
the video.

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