The 3Dimensional Trading Breakthrough

Brian Schad
After we are familiar with the instruments we will be using for effective 3-
dimensional trading, we will research the execution of trades and every possible
trading scenario we may encounter. No market will ever take us by surprise. Our
pre-calculated risk is always limited to an amount we deem tolerable. This is
accomplished by studying price and price structure exclusively. We are not reliant
upon “indicators.” We are not reliant upon fundamentals. We are not reliant
upon newsletters, hotlines, or any other outside source/opinions.
I will teach you proper order placement with your broker in order to:
1) Minimize time spent on the phone;
2) Avoid costly errors;
3) Execute your trade in a timely manner.
This information alone – on order placement – plays a critical part in determining
your commission rate. The less time we spend on the phone with our broker
translates into more time the broker has to accommodate as many other clients
as possible. They prefer spending the least amount of time possible on the phone
with an individual client. The broker’s goal is to acquire as many new accounts and
order placements as possible. This is in their best interest. Remember, they have
to make a living too.
As the market gyrates in its natural cycles, you will be consistently working with
the momentum to maximize profit potential and reduce risk. Many traders
tend to hold on to positions, with a protective stop working for them, in order
to catch the “home run.” Experienced, or seasoned traders, know how to work
with short-term market swings to their full advantage in order to acquire profits.
This is “working with” the market, by taking advantage of natural market cycles
versus the “bull-headed” approach of holding on until a certain profit is realized
- or bust. Of course, the latter approach contributes to why most traders fall into
the 90 th percentile of losing money. We want to work with the market to be in the
remaining 10 percent of traders who consistently make money. We will do this by
adopting a methodical style of trading.
Overall, you will have a plan every day for your trading. You will not trade the
markets until you have a set plan which is good for you. We are not swayed
into others “beliefs in the market” such as: the market “experts” on television,
news articles, radio commentaries, etc. We are not concerned with following any
fundamental reports because price will eventually reflect true value. We will trade
according solely to our own beliefs. The outside factors do not know what is best
for us, or our business.
- -