If there’s one thing that annoys us here at Tekton HQ more than anything else about this business, is the mindset that a lot of Brokers and even some Educators put out that you

Have you ever noticed the one thing about all the information you find out there these days about trading, you know – the various setups, strategies and systems. Well, they all seem to put a lot of focus on the actual ‘Entry’ and nobody seems to talk must about the other part of that equation – Which is the ‘Exit’ right?

This one takes advantage of a sideways market and has two added candle pattern indicators to help it close out when its heading in the wrong direction.

Combining Bollinger Bands with Stochastic for entry and exit points....

Golden Cross - Using a simple EMA cross to track changes in trends...

Range Trading - Using Bollinger Bands with ADX for sideways movement...

We at Tekton couldn’t agree more with this statement, trading is truly an ongoing journey to learn about what works and what doesn’t in the Markets and in the process you will learn a heck of a lot about yourself as well.

No doubt you have heard that at some point in your trading carer or from others who trade, so we thought it would be appropriate for us to take a closer look at this saying and see if it really holds up. Even though a lot of trading educators and ‘gurus’ tell you to trade with the Trend, they never clearly define a Trend. OK then, What is a Trend? Well, let’s keep it short and sweet

“There is no “Secret Formula” that will grant us 100% Win Ratio.” But the Good News is that, depending on the type of Strategy or System you are trading, you can have a Win Ratio of 40% or less and still be profitable.Trading by plan lets you know when to get into a trade and when to get out. (It isn’t an angel’s voice whispering in your ear every time you’re about to get greedy, friends. It’s the plan.) If you’ve got a plan, it’s easier to stay objective and avoid revenge trading if things go south, as they will from time to time. And you’ll keep your mind focused and decluttered. No emotion allowed when you’re trading, remember? (Unless you’ve just won a trade and it’s party time.) So, discipline, good. Gut instincts, bad. The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

“There is no “Secret Formula” that will grant us 100% Win Ratio.” But the Good News is that, depending on the type of Strategy or System you are trading, you can have a Win Ratio of 40% or less and still be profitable.Trading by plan lets you know when to get into a trade and when to get out. (It isn’t an angel’s voice whispering in your ear every time you’re about to get greedy, friends. It’s the plan.) If you’ve got a plan, it’s easier to stay objective and avoid revenge trading if things go south, as they will from time to time. And you’ll keep your mind focused and decluttered. No emotion allowed when you’re trading, remember? (Unless you’ve just won a trade and it’s party time.) So, discipline, good. Gut instincts, bad. The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

It’s true. The best traders stay disciplined by sticking to their trading plans. Trading by plan lets you know when to get into a trade and when to get out. (It isn’t an angel’s voice whispering in your ear every time you’re about to get greedy, friends. It’s the plan.) If you’ve got a plan, it’s easier to stay objective and avoid revenge trading if things go south, as they will from time to time. And you’ll keep your mind focused and decluttered. No emotion allowed when you’re trading, remember? (Unless you’ve just won a trade and it’s party time.) So, discipline, good. Gut instincts, bad. The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

Not only does trading discipline keep you from doing stupid (i.e. greedy, angry, reckless) things, being consistent with your strategies also teaches you a lot about how the market works. And that’s how you build up the confidence you need to make a business out of trading. So, discipline, good. Gut instincts, bad. The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

No one ever said that conquering the markets was easy. But being successful definitely isn’t impossible. It just takes a lot of hard work and even more discipline, no matter how much natural ability you have. The problem is, to practice your craft, you’ve got to actually get in there and play the market. And that means exposing yourself to a whole bunch of psychological obstacles you’ll need to be able to deal with effectively—pressure, fear, anger, uncertainty, etc.—if you want to come out on top.

Fear sucks. We know. We’re traders and we’ve felt our share of it. Am I going to lose a ton of money on this trade? Am I exiting when I should be? Will my order actually be fulfilled? Or how about this one: When I close my eyes at night to catch my seven hours of zees, did I miss out on the one trade I should have been on top of?

One thing we can’t stand over here at Tekton is to see our fellow traders making their lives more complicated than they have to be. Which is why we algo-gurus decided to put our heads together and share a few solid rules of thumb we all live by when we set out each day for righteous battle.

https://youtu.be/A9ozN3wSYIU

We’re so glad you asked. Algorithmic trading is a way to make better, smarter, more confident online trades. And like every other groundbreaking improvement in history, it has its own story.