LEARN FROM THE GENERALS OF
THE MARKETS - PART 45
“Always remember this: There are traders that have ruined
entire accounts but still did not give up and were ultimately successful.” – Marko Graenitz
Toni Turner, a happy American
trader, is a trading educator and a successful author of many trading and
investment books. Some of the books are: ‘A Beginner’s Guide to Day Trading
Online,’ ‘A Beginner's Guide to Short Term Trading,’ ‘Short-Term Trading in the
New Stock Market,’ etc. These books are best-sellers and they’ve been
translated into some Asian languages. She’s in a high demand as a financial
expert at trading forums, expos, money shows and conferences throughout the US.
She regularly appears on investment programs on TV channels and other media.
Her main goal has been to show traders and investors how to become victorious
market players.
Toni’s very good at
presenting difficult subjects in easy-to-understand formats for her students
and clients. Being a great chart analyst, countless number of people have
really benefitted from her opinions on the markets. One extremely grateful
student admitted that one of Toni’s workshops has really helped them to become
better traders and make more profits. She really cares for her students and
clients. Toni is the President of TrendStar Group, Inc. Her official website
is: http://www.toniturner.com.
Lessons
To learn from Toni, you would
need to join her online webinars, attend her seminars/workshops, attend
conferences or money shows where she’s also a featured guest, or buy some of
her books. Here are a few of the lessons one can learn from Toni:
- What
do you do in an overbought or oversold market when you’re in a right
direction? When you think the market is overbought or oversold, you can
take your profits, or take a partial profit, or set your breakeven stop
and then trailing stop (if you’re a trend follower).
- There
are trading instruments that speculators can watch as leading indicators
of the broader markets. One of them is iShares Russell 2000 ETF ($IWM).
When these leading indicators go south, it may mean that bears reign. When
they go up, it may mean that bulls reign. According to Toni, when we see
higher volume on a pullback in the context of an uptrend… higher volume
than there was on the prior move up—it indicates that there are more
sellers out there on the move down than there were buyers during the move
up. When we see higher volume on a rally in the context of a downtrend…
higher volume than there was on the prior move up—it indicates that there
are more buyers out there on the move up than there were sellers during
the move down.
- It
is agreed that most lose money because they think they must be right
always. This either makes them risk too much or run their losses for as
long as possible. Whenever you open new positions, you should know where
you would want to exit, either for profit or for loss. Losses ought not to
be run.
- Toni
Turner is a happy trader. If you ‘Google’ her images or see her pictures
in most cases, you’ll see a happy trader, full of smiles. Be doing the
right things in the market, learning what it takes to be victorious in the
markets, finding you purpose as a trader, and realizing you goal, you too
can be happy. One doesn’t need to frown always; being sad or full of worry
as a result of the vagaries of the markets. You can always be a happy
trader.
Conclusion:
Many wizards who began trading many decades ago know that rock-solid discipline
and self-restraint were the most difficult things for traders to achieve. This
is not something that can be achieved with ease, since it takes some serious
determination. You trade to make money. Your gains are your reward for staking
your money in the markets. You gains are your reward for doing the right thing
on the markets, for knowing what it takes to be successful, and for your
rock-solid discipline.
This piece is ended by a
quote from Toni Turner:
“…For day traders, I think the recent volatility is a great
opportunity to earn short-term gains.”
Source: www.tallinex.com
Eye-opening trading lessons: Lessons from Expert Traders
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