The cheetah, while the fastest animal on the African plain can outrun any of the prey it feasts upon, always chooses to go for the young, weak, or sick. Once identified, he attacks with laser-guided focus and effectiveness. It is only then that the kill is likely. This is the epitome of a professional trader. Be the cheetah.
Here are some common questions I get from people:
“Sometimes I can’t find good setups in the market, should I trade the less optimal setups or should I look for more different stocks to trade?”
“The setup I learnt from xxx course was working fine a few months back, but it doesn’t seem to be working now. Should I continue using it?”
So, how do we go for the kill?
As cheetah, we should always go for the easy trades. But quite often, for the newbie, the easy trades are staring them right in the face but they do not see them. This is because they are only familiar with a few simple setups (with simple rules/formula) that work best only under specific market conditions.
All these questions have a common theme. Traders who learn one or two simple setups think that they can trade successfully, but when the market changes, quite often the simple setup or system that they are using cannot adapt to the market, and becomes discarded.
Hence, a good trader cannot keep relying on the one same setup. Rather, he needs to know the basic form of a setup, so that from there, he can create a wide variety of different setups that are best suited to the current market situation. That is why we teach a variety of setups (and certain proven variations), leaving them the core skills to tweak setups to adapt to any market situation.Cheers