The battle exit line will not deceive you into thinking that you are always going to be right but instead allows you to trust yourself to do what is right!
The battle exit line will not deceive you into thinking that you are always going to be right but instead allows you to trust yourself to do what is right!
There are no secrets in the market so this is not a new phenomenon and I cannot take credit for its “discovery” and neither can any one person in particular. However, let’s look at this statistic in a little more detail (including a slightly different opinion) and find out why this phenomenon exists. Then let’s look at what I believe is the best way to trade using this information.
Contrary to popular opinion, trade exits are more important than trade entries, especially as it relates to when to take a loss. I certainly do not claim to have THE answer, I just know what works for me and what works for me is a visual line indicating when I should exit a trade.
I have been trading the markets long enough to know that there are no secrets to trading, only a focused discipline grounded in patience and self trust. If you are looking for me to reveal the secret to making a fortune in the stock market you will be disappointed.
The dictionary defines deception as a trick or the art of deceiving someone. And how do you deceive someone? By hiding the truth behind the facts. There is an art to this. Indeed, trading is an art, an art of deception, like it or not. Does not matter whether you believe it not, it just is.
CONCLUSION:
Waiting for one pattern to repeat itself over and over again allows THE CROSSHAIRS TRADER to remain focused. Just as a SNIPER must remain focused on the enemy in order to survive, the trader must remain focused on the trading battlefield or there will be no more fighting.
The CROSSHAIRS formula is very simple actually but has taken several years to develop and is a direct result of my need to reign in my emotions and develop my patience, both of which all traders must ultimately deal with in order to become successful.
Although I have become very confident in the highly probable success of the CROSSHAIRS trade system I have developed, I also know and accept that anything can happen.
The following graphic describes two types of traders. The first (the circle on the left) describes what I believe to be the characteristics of all beginning traders, most of which end up quitting. There is a progression here from bad to worst. However, if the beginning trader can break through this cycle somewhere around undisciplined fear (#3) and paralysis of analysis (#4), the chances of his success improves exponentially.
I developed my formula for taking quick profits using my highly probable CROSSHAIRS set up because 1) I do not wish to day trade for small profits multiple times a day but prefer to look for quick profits on bigger charts multiple times a week; 2) I do not wish to confront all the psychological issues when trying to hit a home run with each trade; 3) I know that my set up will provide me multiple opportunities every week without me having to worry about when I can trade again; 4) I would rather bank small profits 90% of the time then try to make huge profits 50% of the time.
