THE TRADER BOYZ INC Copyright 2020. All rights reserved.

Millionaire Trader Secrets

THE TRADER BOYZ INC. THETRADERBOYZ.COM COPYRIGHT 2020. ALL RIGHTS RESERVED 1

Trading Secrets Of The Millionaire Trader #1

Invest With Money You Can Afford To Lose

The financial markets are not the place for

scared money. You should only ever invest

with money that is not needed for kids’ college

funds or to pay the bills. Always avoid trading

with borrowed money. The Financial market is

the largest playing field on earth. You are

trading where the best of the best trade so you

either trade your hard-earned money with them

or against them.




Trade Live With Real Money

Paper Trading or trading on a demo account is

great for learning a platform but that is it. You

cannot learn to trade without skin in the gain.

You must trade with real money but start small

to learn the skill and to not elevate emotion.

Trading a demo account without real money

you will not experience the emotional aspect of

trading which is the most difficult part to deal

with. Interactive Broker is the broker

recommended by the Pros. Always do your

own research.

https://ndcdyn.interactivebrokers.com/Universal/servlet/OpenAccount.IBrokerGuestLogin?partnerID=U2458667&invitedBy=dales388




Get Educated

I can’t stress this enough. You wouldn’t get

brain surgery from a self-taught doctor. There

are no minor leagues in the market. You are

trading against the best in the world. The

millionaire trader surrounds themselves with

highly skilled and educated traders to navigate

the markets to get the edge against the

masses to take the novices money. The rich

hang with the rich. Here is your exclusive

access to “Be part of the club”.

https://yes.thetraderboyz.com/sales-page1603202216387?cf_uvid=127787da2b5100dbea2ab7b9f41b1e51




Do Your Analysis Before Market Open.

Once the market starts moving and all the stocks start going up and down and news releases happen you should already have an extremely clear plan of attack for the day. Don’t go changing that plan during the day as it will generally be emotions and opinions moving your decision in the wrong direction not your calculated trading plan. Plan the trade and Trade the plan.




Take Trading Breaks.

If you have a series of losing trades or days. Take a break. You mind is in the wrong place making the wrong decision. If you have a series winning trades or days take a break, you are about to get overconfident and give your profits back. Wins or loses study the why behind the result. Most get lazy on their documentation when they are doing good. You must document when you are doing well so if you get off track you have a road map to get back on track quickly.




Don’t Trade Other Opinions.

Don’t follow the guru on Instagram or Twitter that is posting trying to get followers but really doesn’t have a clue of what’s going on. You will see it all the time these individuals with a huge number of followers posting education related post that are just completely wrong and you read the comments and see “Great stuff”. “Thanks for taking the time and providing the great education”, what they are learning is wrong. Get educated from a real trader and make your own decision.





Write A Trade Plan.

Write a trade plan with a set of Trading rules. What is best is to have a mentor teach you the principles of trading then go write your trading plan with your rules in it and have your mentor look over the plan before executing. A good mentor will keep a copy of your plan and ask to see your trade journal to review your transactions against your plan. The mentor will then teach you what to adjust in your plan/ rules to improve your statistics.




Journal Your Trades

This is huge. If you don’t know what works in your plan and what doesn’t, you can’t reproduce success and eliminate what is producing losses. Journaling your trades must include the statistical studies of win to loss ratio, risk/reward ratio. These statistics are what you trade for. Like a business owner looking over their books for profit margins. You area always trading to improve your statistics. Screen shot your chart before entry and document on the chart your argument why you are entering the position. Repeat the process when you move your stop according to rules. Screen shot the chart when you exit the position. Download your Trade Journal Here

https://www.thetraderboyz.com/trade-journal




Trade For Statistics

This is a secret to successful trading. If you ask the question before executing a trade. Will this trade help or hurt my statistics you will come from a logical point of view. If you ask will I make money you will come from an emotional point of view. The two major statistics are Risk to Reward ratio. This measures how well you manage trades. The other stat is your win to loss ratio. This measures your skill level based on entry which is critical. Your free Trade Journal will calculate these stats for you.

https://www.thetraderboyz.com/trade-journal




Emotions

Emotions are the greatest enemy of the trader and investor. The more you focus on trying to make millions of dollars trading the more money you will lose. Money is emotions. You must focus on trading for better statistics. Not taking a trade is a position in the market. A lot of the time being no position at all is the best position to be. This is also called being in cash. Emotional control is the ultimate power in life.




Stack The Odds In Your Favour.

Do not trade more to make more. Trading is a probability-based business. This is not a business where if you do more you make more. The more transactions you enter the lower probability trades you are taking. If you only execute high probability trades, you will trade less and make more. This takes discipline to only execute trades according to your trade plan. Over time increase the dollar amount you risk by increasing position size based on account size on great trading statistics and naturally the profits also increase.




Risk The Same Dollar Amount.

Always risk the same dollar amount on every trade. This is huge for statistics and emotions. You must calculate the number of shares based on the dollar amount of risk on the trade set up to the dollars you are putting at risk on the investment. From an emotional standpoint if you always lose the same amount of dollars on every losing trade there are no surprises. No surprise no elevation of emotions and we can make good trading decisions as well as you won’t be in the situation to revenge trade to get big losses back. Get your Position Size Calculator here.

https://www.thetraderboyz.com/position-size-calculator




Master The Skill Of Entry.

Entering the market is the skill that must be mastered. The entry controls the 3 major elements of a transaction. Probability, Risk and the Reward. You must control the price you enter at so always use a limit order. It is better to miss a trade using a limit order, than be executed way above market price using a market order and increasing your risk and decreasing your reward. Understanding supply and Demand in a technical chart is the secret to mastering the entry.




Create A Hot List.

Find a small list of strong companies to trade. Every stock has a personality based on the way the institutions calculate their algorithms. If you study these stocks you will pick up the behavior of the biggest investors. You will now be using the big money behind the stock to make you money staking the odds in your favor.




Use The Smart Money.

Learn how to trade with the institutional investors. This is a skill you must learn. The skill of reading supply and demand in technical charts is critical to stack the odds in your favour. If you can identify where the unfilled orders of the institutional investors are, you can identify in advance where the market will change directions. Yes it is possible to pick tops and bottoms in the market with a high degree of accuracy. This is the education of the smart money to trade with the smart money. You are either trading with the smart money or the smart money is taking your money. You will see quarters like Q1 2020 of Goldman Sachs’ where they were profitable 53 days of the 62 trading in the 3 month period with 14 of those days <$100 million per day.





Manage Risk.

Risk Management is critical. Every transaction must have the absolute minimum of a stop loss. Losses MUST be cut short on every trade that hits its point of failure. Never add to a losing trade. Never dollar cost average. Never trade an asset like a mutual funds that you cannot put a stop loss on. Buying put options as insurance on long term holdings in portfolios is a strategy that must be learnt and applied to your retirement accounts. Your money must be treated like your child’s life. Keep it safe first and growth second.




Separate Accounts.

Have a trading account and investing account in two different accounts. When you try to combine your short term trading account and your long term retirement account all in one it is common to make poor decisions on your long term investments as they will be right in front of you when managing short term positions. When trading you are in the mindset of a trader and will be looking at short term charts to make decisions. Having that short-term mindset and looking at your long-term investments will cause you to close long term investments way to early on a small short term move. This will cost you big in time and money.




Let Profits Run.

The larger the profit and the smaller the loss the more money you will make. You must let winners run. When starting out always set limit order at target prices to lock in profits at two different price areas to close a portion of the trade. You may write your trade plan to exit for profit to sell ⅓ at target #1 ⅓ at target #2 and the last ⅓ of your position you will use a technical stop to see how high the stock can go to allow a 1/3 of your trade to maximize profit. This way locking in a paycheck for your work allows you to receive much larger gains while protecting capital. With time and experience you will modify the portions you exit at each target based on the market environment.




Life Events

Take Time off when you experience any type of emotional impact in your life. Birth of a child. Fight with your spouse. Elevated positive or negative emotions shift our ability to process our decisions in the markets. These events can shift your emotional capacity to process good trading decisions. The best thing about the markets is you don’t have to trade today.




Compound Net Worth.

Take earnings from your short-term account and deposit into your long term account. The money in your long-term account should be invested using the triple income strategy with insurance on every position to protect your hard earned money and to create multiple streams of income to generate compound interest. The most powerful net worth creating principal.



Trading Secrets Of The Millionaire Trader

Ultimate Secret!

Love Losses.

Losses are guaranteed. I guarantee you will have losing trades. Losses are not bad trades. Loses are part of trading. A losing trade executed correctly is the best trade you can take. When trading correctly you will love losses as it means you are one trade closer to a much larger winning trade. You can have more losing trades than winning trades and be extremely successful. You will see firms like Goldman Sachs with more losers than winners in a quarter but still huge profits. How you may ask? Losing days <$25 mil winning days >$100mil.

THE TRADER BOYZ INC Copyright 2020. All rights reserved.

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