Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
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:
1. 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).
2. 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.
3. 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.
4. 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: Tallinex.com
Eye-opening trading lessons: Lessons from Expert Traders
