Take a moment to think about your favorite car. There are all sorts of different types and models out there, from the Ford to the Ferrari to the BMW to the Dodge. There seems to be a type for everyone, which is why you can never really objectively say which car is the best car. You can only say which is the best for a certain individual.
FEW PARAMETERS TO CONSIDER
The same thing goes for trading systems. There is no single answer as to what’s the best trading system. There’s only the answer of what’s the best one for each individual. And to answer this question for yourself, consider some of the following questions first. How often do you want to trade? Which markets do you prefer? Do you want to take profits quickly or let them run? How much do you want to risk? How much do you want to win?
The importance of the last question cannot be overstated. If your answer was “All the time”, I’d say you’re definitely ambitious enough and competitive enough to survive in this market. The thing is that you can’t usually win all the time in the markets. There are certain arbitrage strategies that allow you to win consistently. However, they are hard to find and operate very occasionally, which also makes the time costs prohibitive.
THE BEST TRADING SYSTEM FOR YOU
What would be the best trading system for you, then? How about one that operates on a 90% success rate? Sounds promising, doesn’t it? One thing you would need to consider, however, in taking on this system is the next to last question. How much are you willing to risk? Why is this question so important? Well, it’s necessary in any trading system that doesn’t offer you a 0% loss rate; in other words, winning all the time. You’re going to have to consider the relationship between the risk that you’re taking on and the reward that you’re hoping to receive. This relationship is what characterizes the results of your system.
Therefore, the best trading system for you might be taking on lots of risks for very small rewards.
These rewards will end up consistently building into a nice income for you. However, risk control is a crucial element of the process. Take one client of mine, who was trading the S & P in a big-risk-for-very-small-rewards fashion. He ended up taking out almost $200 a day. However, I warned him about not using risk control and he proceeded to not listen to me. As a result, his luck took a turn one day and he ended up being down $5500, without a clue of how it exactly happened or what to do next. Needless to say, you don’t want to end up in this position.
So, that’s why our gap trading systems are constructed through a careful consideration of risk control. Again, we can’t say what the best trading system is. But, we can say that the gap trading system might be the best for you, offering a hit rate of up to 80%. And from personal experience, we can tell you that this system is the best trading system that we’ve come across and we definitely think it’d be worth your while to check it out.
MAKING THE DECISION
How can you make this decision for yourself? You can give this system a test drive, just as you’d give that BMW you’re about to buy a test drive before buying it and taking it off the lot. However, that test drive only lasts about an hour or so, which is usually being very generous. How long can you test drive our gap trading system, then? For however many hours are in a full month. That’s how long we will let you try out what is probably the best trading system in the world.
Yet, there is a primary difference between a trade system and a car. You can control a car. You can allow it to go forward by pressing the gas pedal, tell it what direction to go in, and make it stop by putting your foot on the brake. But, there is no brake in the trade market. It’s pretty much a field of organized chaos in which you don’t exercise much control, except for the system that you choose and the decisions that you eventually make off of that system. But, everything else about the market is random and unpredictable.
This is an important thing to remember at any stage in your trade career. Sometimes, as a trader, the brake allows the car to stop and, sometimes, the brake turns into the gas pedal. But, trade success means being able to handle anything that the market throws your way and to ride its ups and downs. The ride might not be as smooth as a Jaguar’s but it can be managed and endured to success with the right game plan.