The Voodoo Trading Post - January 10, 2022
Here's our weekly snapshot of information that will help in your journey as a systematic, rules-based, trader!
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." -Warren Buffet
Trading Strategy Tip
In order to have long term trading success you need a trading strategy with very specific trading rules that match your personality and that you fully understand why it works. This will give you the confidence to take all the trading signals that your strategy generates even during stressful market conditions.
Weekly Instagram Trading Poll
Do you keep a watchlist of potential trade setups......
YES - 88%
NO - 12%
Trading Book Recommendation
This book is a great introduction to trading. I would recommend that all new traders start here first. This classic guide emphasizes that risk management and discipline are the keys to successful trading. It provides a great overview of the keys to developing your own trading strategy. Shop on Amazon
Please let me know what you think. What did you find most useful? What would you want more or less of? If you find this information useful please share with fellow traders.
Trade smarter, trade better!