Ever heard the expression 'buy low, sell high'? Or how about 'let your winners run and cut your losses?' I especially like 'ensure your winners exceed your losses'.
I just finished reading a book on the Quants whose mantra is to 'put the maths, or the odds on your side'. Oh and I love the Jesse Livermore quote ' It never was my thinking that made the big money for me. It always was my sitting.'
Great Sayings. Wonderful sayings. Fantastic. But my thinking: most retail strategies do not capture most, if any of these principles. So is there a methodology, that retail traders can use, even with limited funds, that captures all of this? And I mean all of this? I believe there is. LR has put together a strategy that does as the big boys do: focusses not on consistency of trades, but consistency of the trader using a simple,intuitive, market rhythmic approach.
Of the strategy:
Does it Buy low/Sell High? - Yes.
Are Winners run, Losses cut? - Yes
Do Winners exceed Losers? - Yes
Is the Maths on your side? - Yes
Do you Wait for trades to come to you? - Yes
I have been trading the 10XROI strategy for just over a month now. The last two weeks of trading has seen me bag over 1000 pips. And yet that is not, I repeat NOT the focus or what impresses me. It is the rate of return.
Each trade aims for a take profit of 10R and always a stop loss of 1R - which I have achieved. While it's still early days for me I already know the principles taught are the principles practiced and espoused by the world's foremost traders. There is no magic bullet. Just sound time tested principles focussed on patience, a simple strategy, money management and sound psychology. Why reinvent the wheel? Just spin that thing
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