Futures, stock, and option trading are not for everyone. Any trading involves risk. The more leverage that you use in trading, the bigger the risks. In order for people to use AbleTrend more objectively, they must be financially capable of taking the risk. We suggest to our AbleTrend users that they trade only the risk capital that represents a small portion of their financial portfolio. No matter how good you are or how powerful your trading methods are, if you are concerned very much about the risk you are taking, your objectivity diminishes inversely to the square of your fear. Here is an example showing how AbleTrend can help to manage the trading risks.
You must approach trading as a business, not a gambling game. You must have a plan and sufficient capital to run this business, just as you would with any other business. A young trader once told us that he was doing very well paper trading with AbleTrend and believed he could be very successful applying his skills to real-time trading. However, his total capital for trading was $5,000, which he borrowed from a friend. In real-trading time, a $300 or $500 loss to him was significant! With the fear of losing, he could not switch positions according to AbleTrend’s guidance. After a few losing trades, he just could not take the next trade which, as it turned out, was a big winner.
There are many tricks and best practices to turns a trading system into successful operational reality. That’s why our 30-day trial offer includes one-on-one help & weekly web calls to help you to make the most out of AbleTrend. Ultimately the best way to learn this skill is by picking up the software, trying it out and practicing.
If you’re not already using AbleTrend, use promo code: WTMF10 to get extra 10% off for AbleTrend 7.0 30-day trial.
For addition insights and articles on trading, see our blog: blog.ablesys.com
Or watch archived sessions from our introductory and member’s webinar series: Click here to view our youtube page
I welcome your feedback. Did you like today’s message? What other topics would you like to see? Please let me know at gracezh@ablesys.com
With Warm Regards,
Grace Wang
AbleSys Corp.
gracezh@ablesys.com