Patience & Process is a Powerful Combo…… that Pays well !!

As a trader everyone evolves and tries to find what works best for them. That process takes time, and sometimes costly lessons. One has to be humble and find what sort of trades matches your personality. I did my part and like to share my recent success.

Being a sender on the Tradealike platform, I have to consider that it takes few seconds for me to create an Alert, and it will take at least 3 to 5 minutes for you to execute a trade through your broker once you receive an alert. Therefore, my trade entry and process should consider that to be a successful sender.

Here is my two week performance snapshot trading anywhere from 1 to 4 contracts a trade. I have also put some interesting stats to help you think as in how could this benefit you as a follower.

Ofcourse everyone has red days, but the key is to manage your risk by position sizing according to your risk tolerance.

I don’t like to risk more than $300 per trade. What that means is that if a contract costs $1.50 to buy, my full position is not more than 2 contracts. ($1.50*100*2). Very seldom, I will increase my position to average down my buy…