3 things that separates traders from successful traders

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3 ings THAT SEPARATES TRADERS FROM SUCCESSFUL TRADERS

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Page 1: 3 Things That Separates Traders From Successful Traders

3 ThingsTHAT SEPARATES TRADERS FROM SUCCESSFUL TRADERS

Page 2: 3 Things That Separates Traders From Successful Traders

People trade for different reasons

Page 3: 3 Things That Separates Traders From Successful Traders

Some want to generate a secondary income

Page 4: 3 Things That Separates Traders From Successful Traders

some want to trade full time

Page 5: 3 Things That Separates Traders From Successful Traders

and some want to build portfolios.

Page 6: 3 Things That Separates Traders From Successful Traders

However many make simple mistakes...

Page 7: 3 Things That Separates Traders From Successful Traders

and only some achieve their financial goals

Page 8: 3 Things That Separates Traders From Successful Traders

So what’s the difference between a trader and a successful trader?

Page 9: 3 Things That Separates Traders From Successful Traders

TradersCircle Pty Ltd, ABN 65 120 660 497 is a corporate authorised representative of OzFinancial Pty Ltd, AFSL number 241041

PH: 03 8080 5788WEB: www.traderscircle.com.auEMAIL: [email protected]

The way a successful trader separates themselves from the rest is:

Page 10: 3 Things That Separates Traders From Successful Traders

TradersCircle Pty Ltd, ABN 65 120 660 497 is a corporate authorised representative of OzFinancial Pty Ltd, AFSL number 241041

PH: 03 8080 5788WEB: www.traderscircle.com.auEMAIL: [email protected]

The way a successful trader separates themselves from the rest is:

Risk management1

Page 11: 3 Things That Separates Traders From Successful Traders

TradersCircle Pty Ltd, ABN 65 120 660 497 is a corporate authorised representative of OzFinancial Pty Ltd, AFSL number 241041

PH: 03 8080 5788WEB: www.traderscircle.com.auEMAIL: [email protected]

The way a successful trader separates themselves from the rest is:

Risk management

Money management

12

Page 12: 3 Things That Separates Traders From Successful Traders

TradersCircle Pty Ltd, ABN 65 120 660 497 is a corporate authorised representative of OzFinancial Pty Ltd, AFSL number 241041

PH: 03 8080 5788WEB: www.traderscircle.com.auEMAIL: [email protected]

The way a successful trader separates themselves from the rest is:

Risk management

Money management

Trade management

123

Page 13: 3 Things That Separates Traders From Successful Traders

1. RISK MANAGEMENT ”Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk.

- Larry Hite

Page 14: 3 Things That Separates Traders From Successful Traders

Risk management is essential but can be overlooked by traders

1. RISK MANAGEMENT

Page 15: 3 Things That Separates Traders From Successful Traders

Some can generate substantial profits but lose it all over a few bad trades.

1. RISK MANAGEMENT

Page 16: 3 Things That Separates Traders From Successful Traders

A successful trader always considers the monetary risk involved in any strategy they choose to use.

1. RISK MANAGEMENT

Page 17: 3 Things That Separates Traders From Successful Traders

1. RISK MANAGEMENT

The more aggressive the strategy, the higher the loss could be.

Page 18: 3 Things That Separates Traders From Successful Traders

That is why successful traders always have a range of strategies that not only can be used for any directional view, but also with varying levels of risk.

1. RISK MANAGEMENT

Page 19: 3 Things That Separates Traders From Successful Traders

2. MONEY MANAGEMENT ”Don’t focus on making money; focus on protecting what you have.

- Paul Tudor Jones

Page 20: 3 Things That Separates Traders From Successful Traders

Losing trades are a part of trading.

2. MONEY MANAGEMENT

Page 21: 3 Things That Separates Traders From Successful Traders

The key is to keep the losses at a minimum, and as low as possible.

2. MONEY MANAGEMENT

Page 22: 3 Things That Separates Traders From Successful Traders

Successful traders use a Money Management plan to help protect their trading bank.

2. MONEY MANAGEMENT

Page 23: 3 Things That Separates Traders From Successful Traders

So if they get the direction wrong, or if something shocks the market, they won’t be wiped out.

2. MONEY MANAGEMENT

Page 24: 3 Things That Separates Traders From Successful Traders

In most cases Money Management is the first set of rules that new traders will ignore.

2. MONEY MANAGEMENT

Page 25: 3 Things That Separates Traders From Successful Traders

Resulting in a spiralling decent into a trading abyss.

2. MONEY MANAGEMENT

Page 26: 3 Things That Separates Traders From Successful Traders

3. TRADE MANAGEMENT

- Bruce Kovner

”Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep.

I know when I’m getting out before I get in.

Page 27: 3 Things That Separates Traders From Successful Traders

New traders trade with emotion and have a tendency to hold on to losing trades longer due to fear.

3. TRADE MANAGEMENT

Page 28: 3 Things That Separates Traders From Successful Traders

This can lead to disaster.

3. TRADE MANAGEMENT

Page 29: 3 Things That Separates Traders From Successful Traders

Successful traders have a plan on how they will exit each trade before they enter.

3. TRADE MANAGEMENT

Page 30: 3 Things That Separates Traders From Successful Traders

Part of their plan also includes what they will do if a trade moves against them.

3. TRADE MANAGEMENT

Page 31: 3 Things That Separates Traders From Successful Traders

Trade management can be the difference between becoming successful or failing and giving up.

3. TRADE MANAGEMENT

Page 32: 3 Things That Separates Traders From Successful Traders

So how do I trade like a professional trader?

Page 33: 3 Things That Separates Traders From Successful Traders
Page 34: 3 Things That Separates Traders From Successful Traders

We’re TradersCircle and we’re a leading educator for Options Trading on the Australia market.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Page 35: 3 Things That Separates Traders From Successful Traders

We specialise in training non-traders and traders how to trade like a professional trader.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Page 36: 3 Things That Separates Traders From Successful Traders

We teach you the exact trading plan of a professional trader who runs one of the busiest options desks in Australia.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Page 37: 3 Things That Separates Traders From Successful Traders

You will learn how professionals manage their risk, their trading bank, their trades and how they pick direction.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Page 38: 3 Things That Separates Traders From Successful Traders

You’ll have your own personal trainer to help you practice what you’ve learnt and answer any questions you might have.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Page 39: 3 Things That Separates Traders From Successful Traders

When you are confident you can trade profitably the next stage is to start trading in the live market.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Page 40: 3 Things That Separates Traders From Successful Traders

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Your trainer’s job is to then help you follow your trading plan and avoid making mistakes.

Page 41: 3 Things That Separates Traders From Successful Traders

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

At this point we want you to call your trainer and discuss every trade you wish to consider.

Page 42: 3 Things That Separates Traders From Successful Traders

This will ensure that you are trading like a professional and ultimately help you achieve your trading goals.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

Page 43: 3 Things That Separates Traders From Successful Traders

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]

TAKE THE NEXT STEP

For more information about the Trading Mastery Program simply call our office on 03 8080 5788 or fill in the form.

Page 44: 3 Things That Separates Traders From Successful Traders

Warnings and important information.

Any advice contained in this communication is general only and does not consider your objectives, financial situation or needs, and you should consider whether it’s appropriate for you. If you are thinking about acquiring a financial product, you should consider our Financial Services Guide (FSG) at www.traderscircle.com.au and the relevant Product Disclosure Statement (if there is one available) first.

Trading options is not suitable for everyone. There is a risk that you can lose more than the value of a trade or its underlying assets. You should only act on our recommendations if you are confident that you fully understand what you are doing.

Past returns do not reflect future returns, and it is also possible to make significant losses. We employ expert traders and use strategies that maximise returns and minimise risk. However, there is always a risk of loss when trading and investing. This is general information, and is not prepared for your specific investment objectives, financial situation or needs. Consult a licensed investment adviser before making investment decisions. TradersCircle Pty Ltd, ABN 65 120 660 497 is a corporate authorised representative of OzFinancial Pty Ltd, AFSL number 241041.

Phone: 03 8080 5788Web: www.TradersCircle.com.auEmail: [email protected]