TRY THE FREE VERSION OF TREND JUMPER! www.premiertraderuniversity.com/system So many dive into trading thinking that if others are doing it, they should be able to. It “looks” easy. Really, you enter a trade and get out with a profit or a loss. Right? Seems simple enough. There are so many things that make up a consistently profitable trader that it would take literally hours upon hours to go through them all. There is something that you can do to see if the illusion is something you can handle. Read more: http://www.netpicks.com/commit-to-a-month/

1. Commit To One Month
http://www.netpicks.com/commit-to-a-month/

2. The excitement. I remember the days
of jumping in with both feet before
having a clue about what could
happen. When I was about 6, I was on
the dock at my uncles cottage.

3. It stretched out quite far into the lake
which was needed for the boat launch.
The day was sunny, early in the
morning and that usually means the
water is calm.

4. Without any sediment floating in the
water, you could see the bottom of the
lake at the end of the dock. It looked
pretty shallow like I could touch the
bottom quite easily. With a laugh, I
jumped in.

5. The bottom was further than I
thought. I started treading fast and
yelling for help but kept splashing
water into my mouth which muffled
the cries for help. I heard my uncle
yell from the cottage door as my little
arms were getting tired.

6. I was about to go under when I saw
one of the ropes used to secure the
boat dangling in the water. Reaching
out for it, I managed to pull myself
closer to the dock and keep my head
out of the water. Seconds later, I was
safe.

7. So many dive into trading thinking that
if others are doing it, they should be
able to. It "looks" easy.

8. Really, you enter a trade and get out
with a profit or a loss. Right? Seems
simple enough. There are so many
things that make up a consistently
profitable trader that it would take
literally hours upon hours to go
through them all.

9. There is something that you can do to
see if the illusion is something you can
handle.

10. When you trade a mechanical trading
system like the ones offered from
Netpicks, everything is pretty much
spelled out for you.
http://netpicks.com

11. If you can follow rules and gain a
rudimentary knowledge of the art of
trading, you should do well. With
these types of systems, you don't need
the same type of knowledge as
someone who trades something like
order flow or gap fills.

12. They are great for new and
experienced traders who take the time
to back test, forward test and really
"own" the system.

13. The problem is they make it look easy.
For the most part, it is. It is not
sticking to the rules that puts most
traders into the ditch.

14. Many will see a few days of winners
and the next day, start trading real
money. They have yet to have the
rules ingrained so following them is a
habit.

15. For example, a trade sets up right at a
resistance level...you put your entry x
price points above it. You decrease
risk (adjust your stop) as soon as it is
required. You know the trade plan like
you do your own birthday.

16. Human nature however hates to miss
opportunity. You have seen the early
success and tell yourself "Hey, I could
have made $1000 this week with a real
account!" It is easy to get the account
set up, sit at your trade desk the next
day and start trading the system.
Don't.

17. Make a commitment to yourself that
you will trade an entire month on a
demo account or extremely small
position sizing. After the month is
over, if you are not net positive after
commissions, roll over or spread costs,
you will do another month.

18. You have to follow the trading rules
EXACTLY as laid out.
One miscue and you start over.
Over time, executing according to the
rules will become a reflex.

19. Do you have what it takes to do that?
Do you have what it takes to stick to
one simple rule such as "one month,
perfect execution and net positive"?

20. If you can't and the emotions are
driving you to trade live and large
before that, they will also drive you
into failure. Think of it as a test to see
if you have some of what the
successful have.

21. Take this seriously! You would not
shred any amount of money so why
risk it before you have proven to
yourself that you can succeed?

22. How many people will actually do
what I have written? My guess is a
small percentage. Those that do, and I
speak from experience with myself
and others, will find trading to be
much more simple (not easy) and
profitable.

23. Those that don't? Hope you have
success with the next shiny object.