Dave Landry has been actively trading the markets since the early 90s. In 1995 he founded Sentive Trading, LLC–a trading and consulting firm and in 1998 DaveLandry.com–trader’s education.
He has worked with several hedge funds and thousands of individual traders. He is author three best selling books on trading including The Layman’s Guide to Trading Stocks. His books has been translated into eight languages total.
Sale Page :davelandry.com
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If you’re like me, you probably weren’t exactly sure how to get started trading.
It’s tough. There’s so much noise out there. And, like me, you found yourself spending a lot of time and your hard earned cash chasing empty promises. For me, my true enlightenment finally came when I realized that simple techniques could actually work in real markets.
Theodor Seuss Geisel, source: goodreads.com
“When you are in a slump, you’re not in for much fun. Unslumping yourself is not easily done”
Even if you’ve been trading for a while, at some point, you’ll hit some tough times. We all do. It’s what happens during those tough times that defines us. There are pitfalls that we can easily fall into in order to “get back” what the market “took” from us. This could be using excessive risk, trading in less-than-ideal conditions, attempting to use complex methods to outsmart the market, and a host of other bad behaviors. If we’re not careful, we could easily spiral downward during these inevitable bad times.
“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times”
Kung Fu Kick
Over the years, I’ve answered tens of thousands of emails from those who are struggling. In virtually all cases, their problems were solved by simply getting back to the basics. All that was needed to return to profitability was to exercise proper money management, trade only in trending markets, and follow the trading plan vs. giving into inevitable psychological and physiological urges that come with bad times.
Can Anyone Become A Successful Trader?
I believe with 100% conviction that anyone can learn to trade. There is one small caveat: *You have to want to be successful. You may be thinking, wait, doesn’t everyone want to be successful? I’m not so sure. The biggest problem that I see with many traders is that they abandon their plan in attempt to outsmart the markets. They refuse to give up on pre-conceived notions and aren’t willing to ignore much of what has been taught as “conventional wisdom. ” They tend to interject logic into what the market should be doing vs. accepting what the market is doing. The good news is that these problems are easily fixed through understanding how markets really work and accepting what is.
Do You Have To Be Really Smart To Trade Successfully?
Highly intelligent people can often make for bad traders – This is because they fail to accept the fact that markets are often irrational and always emotional.