Hubert Senters here.
Let’s take a look at CTRB. So a couple of the main things are concepts or theories that you need to embrace when you’re a trader or if you’re doing any type of speculation of all in life. Make sure you’re on the right side of a trend and that’s going to be helpful.
And number two you better know what your risk is because if you can handle the risk once the kitchen gets hot if it gets too hot and you fold real quick it’s not going to end well for you so.
Let’s take a look here first. We’re going to give you. I’m going to walk you through an example. This is a massive down trend. This thing has been getting smoked even before the market fell out of bed. It’s just getting smoked even more now. So obviously we want to short this thing.
So then let’s talk about risk reward ratios. For me, I’m not some trader that boasted like I have 82 percent accurate or I’m 98 percent accurate. I never have been and I never will be. This is not something that I’m good at. What I’m good at is being risk averse taking trades that suit my risk profile and holding onto winners longer. That’s what I’m good at and that’s kind of what this program kind of does for you.
It kind of replicate that type of things so here’s a plus 1X so plus one winner, minus one loser, minus one loser, minus one loser, minus one loser. At this point you’re going man, you really suck so if you go one, two, three, four. That’s a one so I’m down at three on this example and then over here you get a plus four point seven minus one, minus one.
And now this is going to be another runner here. Oh, look at there. Now, we’re talking. This is how I really trade. This is the philosophy that I do day in and day out, little itty bitty losers. And then I’m looking for mid-sized gainers or big gainers right there. And then once again if I take another risk trade minus one and now another big runner so if you haven’t tried this I recommend that you do try it.
I think it’s an easier way to trade. You do have to have the ability to take little itty bitty losses and not let it affect you much but it beats the pants off of taking massive losses and messing up. You dig a nice little small loss into a greater size account killer that you can’t recover from.
And then you have a problem with capital generation and then you also have your mental capital is destroyed because you take massive losses so I think it’s a healthier better way to trade. So we’re going to be doing webinar on this very subject tomorrow at 12PM EST.
Both me and Mark Helweg are going to be doing the webinar ‘’How to Trade Minnow Risk to Target Whale Profits.’’ Click CLAIM MY SPOT NOW and register for the webinar. It’ll be tomorrow at 12PM EST. I will see you there.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
