How to be a winner

The Christmas holidays are a great time to discover the killer instinct in yourself and your loved ones.

Over the past week, more than one friendly family game of monopoly has descended into tears and tantrums (and that’s just me!)

Do you need this kind of killer instinct to succeed in the trading arena, or will it be your downfall?

Here’s a story I use to illustrate this point …

A simple weather predictor is that (more than 50% of the time) the weather tomorrow will be the same as the weather today.

We can use this knowledge to predict the weather, and we’ll be right most of the time.

I’ve explained this principle to my son, yet he can’t bear the thought that, by using this system, he’ll necessarily be wrong some of the time (the weather won’t always be the same). So he prefers to take his best guess at what the weather’ll do tomorrow in a bid to be right every time.

The thing to remember about trading is that we don’t need to be right all the time.

In fact, with some strategies, you don’t even need to be right 50% of the time!

Successful trading is about finding a method that allows us to play the probabilities. The odds don’t have to be tipped far in our favour – just enough to give us that edge.

Once we know that the probabilities are on our side, all that remains is to repeat … repeat … repeat …

We need to stop worrying about what will happen “this time”. If you’ve found your edge – it really doesn’t matter if you win or lose “this” trade or “that” trade.

As traders, most of us strive to learn as much about the process as we can. But the more we delve into the process of finding successful trading signals, the easier it is to lose track of long-term probabilities.

Long-term probabilities are all that matter in your trading. Provided they are in your favour, and you can keep on repeating with a dogged perseverance – you’ll always be ahead of the game.

And if you’re still looking for that strategy that’ll give you an edge on the market, I’d urge you to check out the reviews on this website. Over the past year we’ve uncovered some excellent systems, which have consistently brought in good returns.

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The best way to predict tomorrow’s markets How to run a successful casino from home