As a trader, it is important to stay ahead of trends to get a headstart on the competition. Lance Ippolito is a successful trader, marketing expert and an aussie online casino player. Below, he shares how he stays ahead of trends as a top trader.
What Can You Do Differently To Be Successful As A Trader?
Lance Ippolito: To have a successful financial career in trading, your routine will differ from an average trader or a non-trader. Some things you’ll do differently from the trend may include; differentiating between being busy and productive.
The first step to being a successful trader is to differentiate between merely doing activities that make you seem busy such as wasted screen time, trying new indicators, trying new strategies, watching financial news, and scrolling through social media.
Productive activities include writing a trading plan, checking your trading checklist, creating a watch list, journaling your past trades, reviewing your past performance data, and documenting detailed trading data. While these are not entirely useless, they shouldn’t take up most of your time.
In addition, you need to be ready to take responsibility for your profit and failures. You have to be ready to take responsibility for any actions or lack thereof. Blaming the system, brokers, insider trading, high-frequency trading, etc., might be shared among many traders, but it is not for responsible traders.
In all, you have to remain realistic with yourself. You need to settle down to identify what you’re doing wrong and otherwise. Making losses is also a part of your trading journey, and you have to learn to acknowledge it as such.
Lance Ippolito, how Do You Stay Ahead Of Trends?
Lance Ippolito: I usually engage in 4 steps to remain ahead of market trends. These include; Reading and Researching, studying the market, picturing things outside the box, and having a long-term goal.
Reading and researching an essential part of a trader’s everyday life. I’m always learning new things every day. Reading and researching new techniques helps me not only stay ahead but ahead of myself as I constantly improve by the day.
To stay ahead, you must first be aware of the trends. I am constantly up-to-date on market activities and trends through adequate market study. Next, to stay ahead of trends, you sometimes have to reach and think outside the box.
You must also remember that the market is not entirely stable. There will always be fluctuations, so you must picture the long-term effects of your actions.
Is It Important To Stay Ahead Of Trends?
Lance Ippolito: Yes! Staying ahead of trends is very important for any trader. It allows you to know what to trade, when, and how.
How Do You Keep Track Of The Trends?
Lance: You can determine the direction of the casino games trend by setting up a long-term simple moving average and a shorter-term exponential moving average on a daily and weekly chart.
How Does The Shadow Blitz Help Traders To Stay Ahead Of Trends?
Lance: I use the Shadow Blitz to gain short-term information to buy stocks before the prices blow up. Any trader that subscribes to the Shadow Blitz will also receive such information. This results in thousands of dollars in profit.