Concentration – The absence of irrelevant thought

Concentration is the true edge in our times. You fool yourself thinking you have an edge in technology because everybody has high tech gear. Trying to trade successful from small hand held device assuming you have an edge is about the worst choice you can make. You are also not smarter than groups of the brightest minds assembled by well funded hedge funds in think tanks. Assuming the newest algorithm offered by a vendor will get you to wild riches does also not make much sense. Why would someone sell this marvelous piece of code? You are looking at the same charts and have the same technical analysis tools available than most. BUT, you hardly find people in a frazzled multitasking world anymore who truly can eliminate noise and concentrate. Concentration – the absence of irrelevant thought.

Let us have a look at our last weeks published trade setup
BTC-USDT, Daily Chart, This was our last weeks chartbook long entry:

BTC-USDT, daily chart as of July 6th, 2020

Especially at entries it requires immense focus to not stray away from your pre-planned execution. If emotional influenced the likelihood of execution errors is a certainty. Trading small position sizes and having in place a rehearsed execution protocol assures a higher likelihood of consistent results.

BTC-USDT, Daily Chart, Three days later “Ka-ching”:

BTC-USDT, daily chart as of July 14th, 2020

Shortly after the publication of the entry, prices advanced in favor to the trade. After three days the first target was met, meaning we took some money off the table. Why is this important? Again concentration comes into play. With our quad exit strategy, we took half of the position size off. The psychological effect of this exit strategy is mind blowing. While the typical trader is in endless agony within a trade trying to figure out when to take a single “All -Out” exit, that doesn’t allow for any concentration effort, we at this point are made to feel like a winner. The biggest issue of “was I right”, is already satisfied. Consequently, the mind is free to concentrate again! This is the most important aspect for solid trading execution. The fear of losing money has been dissipated. This psychological and emotional freedom allows an easy trade management to meet the other two target exits. Ease, meaning the possibility of concentration.

DASH-USDT, Daily Chart, Last Weeks Setup For DASH, And The Winner Is:

DASH-USDT, daily chart as of July 14th, 2020

The picture for our second published setup last week is even more enticing. With an entry at US$67.91, a profit of 7.45%s was achieved for the first segment of the trade at an exit price level US$72.97. Five days later the second target at US$75.37 was reached as well. We again lightened up the trade. This time with a profit of 10.99%. The final part of the position size, what we call the runner, is still in play. The stop of the trade is at break even entry levels.

BTC-USDT, Daily Chart, A bright Future:

BTC-USDT, daily chart as of July 14th, 2020 b

The daily chart above shows where Bitcoin is most likely heading in the upcoming weeks. Nearing the apex of a congestion triangle, there is a higher likelihood for a breakout to the upside than the downside.

Concentration – the absence of irrelevant thought

We hope to have illustrated that the rules to a successful outcome in playing the game of market speculation isn’t to check your trade on your phone in real time fifty times a day. It is fools gold to buy into app and gadget sales of advertised trading devises that are nothing but distractions. When looking back at your trading history you will find there most likely isn’t a problem with your system approach. Execution problems with your system on the other hands could very well be a finding when honestly self reflecting on the past.

In a world proud of speed, technology, immense data volumes and instant accessibility, it isn’t likely that you as an individual can carve out an edge through multitasking. If you take on the other hand the contrarian approach by managing to quiet the mind and razor sharp focus on complex execution mechanisms by blending out irrelevant data, you might end up on the winner podium.

Join our free Telegram Group :https://t.me/joinchat/HGe22hDDEEl0LvFGAgEZ9g

All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.

Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.

Important Trading Risks and Earnings Disclaimers - Terms of Use

RISK DISCLAIMER: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose.

NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.

EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED. EXAMPLES PRESENTED ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All information presented or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This presentation is neither a solicitation nor an offer to Buy/Sell options, futures stocks or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.

Terms of Use: Your use of this educational website indicates your acceptance of these disclaimers. In addition, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of the information. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk.

Recent Posts

Stay Up-To-Date with New Posts

Search By Tags

join my free

telegram Group

Mentorship

packages

download my

free book