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How to Trade the Rude Way

Most traders fail and give up before they ever make a profit.

Some new traders throw in the towel after churning their accounts for months. Others tap out after the sting of a big loss. Inevitably, a few gunslingers wipe out their hard-earned profits on a big bet gone wrong.

I don’t have any hard data that explains why so many folks fail to make it in the trading game. After all, there is no exit interview with your broker when you blow up your account.

But if I had to guess, I would say most traders don’t make it for one simple reason: They try to outsmart the market.

Many market newcomers view trading as a battle of wits. They’ve determined that they need firepower to beat the market into submission. That means mastering complicated software and learning how to use countless indicators to pinpoint trade ideas.

Once these new traders assemble their 45-screen trading battle stations, they’re ready to attack the markets with rapid-fire trades. The 24-hour financial news machine has convinced them that they should chase the market’s every tick. So they lock themselves in dark offices and use their wild indicators to buy and sell dozens of stocks a day.

Eventually, their charts start to look like this:

I found this monstrosity of a chart floating around the internet a few years ago. While I’m not sure of its origin, I’m fairly certain its creator made it as a joke. You can’t even see the price under all those crazy lines!

As you pile line after line on your charts, your trading account is probably piling up losses. If you’re relying on charts that look like this to trigger your trades, you’re barking up the wrong tree. Truth is, you can’t “outsmart” the market with fancy charts or software. A stock won’t magically bounce off every single line you draw.

Over the years, I’ve found that the more complex you make your trading strategy, the worse your results will be in the long run. When it comes to trading, simple is best.

Of course, simple doesn’t always mean easy. It’s not easy to implement a simple trading strategy. But with the right mindset and guidance, you can begin your own journey down the path to profitability.

You Can Book Consistent, Repeatable Profits

While there’s no “magic” mix of indicators that will make you a better trader, it is critical to approach your trading with a set plan that works.

That’s why I’m going to shake things up around here…

On Mondays, I usually write to you about trading strategies and insights from some of the most successful traders of all time. These little “strategy sessions” are a great way to set the tone as we prepare to face the trading week.

But with market volatility increasing and the financial noise machine becoming more distracting by the day, it’s time for us to get back to basics and focus on our core trading system.

I’m going to use our Monday strategy sessions to discuss the specific trading strategies we use here at the Rude and how they’ve helped us bank consistent, repeatable profits over the years.

Over the next several weeks, I’ll show you:

  • How I find the best stocks to trade for gains…
  • The best way to create a profitable trading plan — including when to take profits and cut your losses…
  • How to use short-term and long-term trades to build a winning portfolio…
  • Some of my favorite chart patterns and setups…
  • And much more!

Of course, if there’s anything else you’d like me to cover along the way, don’t hesitate to drop me a line at askgreg@agorafinancial.com.

Get ready — your path to consistent trading profits begins now.

Sincerely,

Greg Guenthner

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Greg Guenthner, CMT, is the editor of Rude Awakening PRO and Seven Figure Signals. He has been with Agora Financial/Seven Figure Publishing for 13 years. In 2018, Greg’s Rude Awakening PRO portfolio beat the S&P 500 by 14%.

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