20/08/2012 – The Commodity Markets Take No Prisoners
August 21, 2012 2:19 pmVideo
Latest News
- Forecast for EUR/USD on April 12, 2024 April 12, 2024
- Forecast for GBP/USD on April 12, 2024 April 12, 2024
- Forecast for AUD/USD on April 12, 2024 April 12, 2024
- Outlook for GBP/USD on April 12. The pound once again failed to leave the same range April 12, 2024
- Outlook for EUR/USD on April 12. New ECB meeting April 12, 2024
- The market is disappointed and softening expectations for the FOMC rate April 12, 2024
- Christine Lagarde: inflation is easing April 12, 2024
- ECB threw a lifeline to the euro April 11, 2024
- Technical Analysis – ETHUSD finds support at 50-day SMA April 11, 2024
- Trading Signals for GOLD (XAU/USD) for April 11-15, 2024: buy above $2,345 (6/8 Murray – symmetrical triangle) April 11, 2024
- EUR/USD: trading scenarios on April 11, 2024 April 11, 2024
- Analysis and trading tips for USD/JPY on April 11 (US session) April 11, 2024
- Analysis and trading tips for GBP/USD on April 11 (US session) April 11, 2024
- Analysis and trading tips for EUR/USD on April 11 (US session) April 11, 2024
- Technical Analysis – USDCAD surges to new almost 5-month high April 11, 2024
- Technical Analysis – EURGBP’s double bottom still waits for confirmation April 11, 2024
- Technical Analysis – US 30 index slides below 50-day SMA April 11, 2024
- Video market update for April 11, 2024 April 11, 2024
- EUR/USD. April 11th. Fed minutes: inflation concerns persist April 11, 2024
- GBP/USD. April 11th. The US inflation report shocked the bulls April 11, 2024
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 >>
>>
Related Posts: