20/08/2012 – The Commodity Markets Take No Prisoners
August 21, 2012 2:19 pmVideo
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How many losing trades can you tolerate each year and still be successful in the markets? How many consecutive losing trades? How many losing weeks, months, or even years would it take to end your trading career?
Peter L. Brandt is a professional trader who openly acknowledges that only about 30 to 35 percent of his trades over an extended period of time will be profitable. He says that most years, he will “incur eight or more losing trades in a row.” He also says his trading career has seen “losing weeks, losing months, and even losing years.”
So why should you listen to someone who has lost so often?
Recently, an independent accounting audit of Brandt’s annual
IRS tax statements across 18 years of trading verified an average
annual return of +41.6%. This period included
the dot-com bubble and the financial crisis of 2007-2009.
When you trade with the Elliott Wave Principle, you must understand
that recognizing a chart pattern is only part of the
process. According to Peter:
Whether you’re a full-time trader or an active investor, the
most important elements of your success are education and self-discipline
— in a word, experience.
Learn from Brandt — a veteran trader and one of a select few
contributors to Bob Prechter’s Elliott Wave Theorist
— in this exclusive FREE report:
Foundations of Successful Trading: Insights on Becoming
a Consistently Successful Trader from Peter Brandt.
Whether you are an average investor, a novice trader, or
an industry professional, you stand to benefit from what
Peter Brandt has to say. You can learn more about Brandt
and gain insights on his consistently successful approach
to market speculation in this free 16-page excerpt from
Part I of his book, “Foundations of Successful Trading.”
Download your free report and learn what leads to a lifetime of trading success >>
>>
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