The 3Dimensional Trading Breakthrough
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Brian Schad<br />
“Only those who dare to fail greatly can ever achieve greatly.”<br />
- RFK<br />
Most importantly, know the trading instruments that are available<br />
to you.<br />
Not knowing all of the trading instruments and how they function once you buy<br />
them, or sell them “short,” will be the most detrimental part of trading for most<br />
of us traders in the future. Most traders that I start working with all tell me they<br />
don’t know, understand, or care about the options, so they just prefer to stay away<br />
or not make a concerted effort to understand their purpose in trading.<br />
<strong>The</strong> secret to managing your risk is involving ALL instruments of trading at just<br />
the right time to allow yourself to reduce risk when necessary, and be able to<br />
reevaluate the market while still holding a “hedged” position. If positions are<br />
pulled prematurely, and the markets continue in your favored direction, this can<br />
be just as demoralizing as taking large, unnecessary losses as most novice traders<br />
do! Each instrument available to us traders has a purpose and we must use these<br />
instruments to their fullest potential.<br />
“Education is the most powerful weapon<br />
which you can use to change the world.”<br />
- Nelson Mandela<br />
You must have the discipline to make decisions and STICK WITH YOUR<br />
PLAN!<br />
I have outlined a complete blueprint for traders from which to learn and grow. By<br />
tracking the markets I am involved with each day, I will almost never let a market<br />
get away from me! Keep in mind, not all trades will be winners. I must learn to<br />
keep the losers at a minimum. <strong>The</strong> only way this can be accomplished is to be<br />
involved with the market and let the day-session open be your guide!<br />
As time will pass, each trader that practices this information will develop their own<br />
style of trading. Make sure that the foundation is not “uprooted” and a means<br />
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