INTRODUCTION TO THE TRADING SUCCESS MASTERCLASS BY RAY BARROS:

We know that over 90% of retail traders lose money. The essential question is, “why”?

To answer the question, we need to be aware that trading success is a function of the 3Ms:

Method x Money x Mind

Many retail traders don’t have a written method. The reason for this is the way that Method is traditionally taught.

We are told that we ought to be either mechanical or discretionary ruled-based traders. The method we choose depends upon our personality.

For the retail trader, this approach amounts to ensuring failure. Let’s see why:

 

#1 A mechanical system's strength is its simple execution rules

Its weakness is the tendency to have prolonged drawdowns because the assumptions on which it is based are invalid.

For example, a trending system defines an uptrend when a short-term moving average is above the longer-term.

As long as this condition holds true, the system will make money. But, in a sideways market, the system will lose money until the uptrend resumes.

#2 A discretionary ruled-based system’s strength lies in accurately identifying the trend.

In this way, it reduces drawdowns.

Its weakness: discretionary ruled-based systems rely on a theoretical explanation of market action.

It is not easy to convert the theory into a set of execution rules.

Most retail traders create such a complex set of rules that they find it impossible to execute.

The 4-Phase Framework has proved to be such a boon to retail traders? Because we have adopted the maximum “Discretionary AND Mechanical” rather than the traditional “discretionary or mechanical.”

Benefits Of Equity Trade Journal:

*Receive this as a special bonus gift when you register before 8th May 2023

 Ascertain Each Setup’s Viability

 Assist You to Work on Your Weaknesses

 Gather Instrument-Specific Data

 Helps You Set up Incremental Goals

 Great For Monitoring Your Growth

 Holds You Accountable

 Manage Risk More Efficiently

 Helps With The Psychology of Trading

 Brings Consistency

No fluff. No boring academic complexity. 

Just solid, practical knowledge that traders can put to use in the market every single day!

Masterclass Materials:

 Recorded Video of Masterclass

 Slides from all presentations