The Systematic TraderDeveloping your full potential as a professional trader

and things to take note of

Market Capitalisation

Nano / Micro Caps (< $50M - $250M)

Small Caps (< $2B)

Mid Caps ($2B - $10B)

Large Caps / Mega Caps (> $10B)

Employ common-sense, there will always be an exception to every rule

Earnings/XD

If you are trading the local markets, be aware of XD dates

If trading the US markets, keep an eye out for Earnings Releases

What the market expects of youRequires dedication

Your job is to improve everyday (conc. on skill development)

Find your performance niche quickly• An activity that is in sync with your talents and interests • Lionel Messi has a niche in soccer not basketball • Michael Jordan has a niche in basketball not baseball • Discovering your niche is one of the MOST important things

you can do to determine the success of your trading career

Your Role as a Trader

VS

Tom is emotionally balanced, taking time away from the trading screen after setbacks and losses. He took his losses without fail and didn’t get emotionally irritated at losses. He also constantly expressed optimism

over his development and love for trading.

Harry was unbalanced, he pounded the table, raised his voice to express frustration at his losses, and periodically violated his risk

management guidelines and could not take a break from the markets until he had rehashed all his mistakes and fumed over each.

Common wisdom about trading success isn’t necessarily right!

“Good Losers Usually Lose.”Vince Lombardi

Your Role as a TraderTo systematically review your own performance and make constant adjustments.

Use your losses to review your trading, mistakes, what could have been done better. Harry, though unbalanced, reviewed his performance and made constant adjustments.

Tom was more relaxed and put in little work to detect and correct his errors.

Harry became a learning machine, also known as deliberate practice - the hallmark of expert performers.

Competence precedes confidence: Winning mind-sets result from mastery, not the reverse. (Gaming analogy)

Practice is the cornerstone of expertise because it multiplies experience. In gaming, it means watching replays, analysing moves and mistakes, what could be done better,

absorb new strategies and plays.

Risk/Reward

Trading is a game of probabilities and essentially is pretty random. The correct way to view trading is to focus on risk/reward. It is one of the key cornerstones to good and

consistent trading.

Great traders focus much more on their risk, than their profit. Of course imagination of your profit and where the trade is likely to go is important, but the main thing is how

much you can lose on a particular trade

Identify high-quality trade setups that gives you an edge in risk/reward

If executed properly you will be making consistent money over a period of time.

The only Principle that matters

Exchange IdeasShare ideas!

Talk to your fellow traders, most humans are social beings

Connect to a community (FB Secret Group etc)

The more ideas the better

The $6k idea that was not from me

Work AreaAs trading is a discipline sport, keep your desk clean

Free your trading session of distractions (mobile phones etc)

If trading at home, make sure you have a private working area (no bed, TV etc)

Minimise usage of will-power / Built Good Habits

Record Keeping