5 Steps For A Successful Trading Journey - See more at: http://www.netpicks.com/5-steps-trading/ Successful trading all starts with your process and discipline. How to be successful is a long winded trading subject but this video will give you some elements that you can use to get your journey on the road of trading off on the right foot. - - See more at: http://www.netpicks.com/5-steps-trading/ - Visit our website: http://www.netpicks.com/ - Download the free indicator blueprint: http://www.netpicks.com/blueprint/ - Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs secrets of successful trading, day trading success, discipline in trading, elements of successful trading, how to be successful in trading,

3. In order to achieve a
level of consistency
over the long run, you
need to put in little
more effort than

4. Trading is like any
endeavor that you
may pursue

6. Off-the-shelf strategy
Something from a book
Strategy from “successful”
trader on the internet

7. Frequently you see
these people fail

8. If you don't
consider, test, refine &
sim trade the strategy,
any number of things could
be your downfall

9. Some guru with a
strategy which works
very well for them could
have missed out a couple
of crucial details

11. They may also use a
discretionary element
from their years of
trading experience

13. Markets are
changeable

14. There are many potentially
unforeseen factors which
could end up being
detrimental to a strategy

15. All the traders you've read
about that have some level
of success that you seek
have a trading plan that
they follow

16. KNOWYOURSYSTEMLIKE
THEBACKOFYOURHAND

17. You must understand
what it is you're trying
to take advantage of in
the market

18. You also need to
know when the
strategy is not
particularly effective

19. You need to know
why certain sequences
of price movement
trigger an entry signal

20. You need to know what
to expect from the
market after an entry,
from both winning and
losing trades

21. Do all the winners
come when the
market darts in your
direction immediately
after entry?

22. Does the system work
well in quiet markets
or are fast moving
market conditions the
most effective?

23. Fast or slow markets?

24. KNOWYOURPLANLIKETHE
BACKOFYOURHAND

27. Which time of day to trade it
Knowing how many contracts
Being aware of news releases

28. TESTIT

29. It is indeed important
to do more than just
automatic back-testing

31. Be Systematic

33. SIMTRADEIT

34. You need to use a
simulator which is fast
and has a queue
algorithm

35. "well that works so I'm
going to go for it now"

36. You must expect the
unexpected

37. REFINEIT

38. Retest the trades
you've taken….

39. Retest the data you've
already back-tested

40. You can't just guess
that a particular
refinement will end up
being a good one

41. "Hey, I have plenty of
money to play with”

43. Think about it…..

44. DO
THE
WORK!