In this week’s episode of Line Your Own Pockets, I describe a free call I had with a fellow list member.
He has made money every year for over a decade but was thinking about quitting trading.
Why? He felt like he had reached a plateau that no matter how hard he tried, he couldn’t push through.
After learning more about how he traded, I suggested two main ways to improve.
Automate his trades so he can add more trades to his system.
But the biggest potential for improvement was identifying his highest confidence trades and taking them with bigger size.
Although this is easier in some strategies than others, this is one of the best ways to improve a trading strategy.
Announcement: I’ll be discussing this topic in a free webinar with Interactive Brokers this coming Thursday at 2pm ET called How To Improve Any Trading Strategy.
-Dave
