
Jenni was a novice eight months ago
But two gems of advice she got from a top trader, turned her into a sharp and successful trader herself.
Now she consistently makes $4,000 to $6,000 every month. And being only 26 she really has the world at her feet.
Jenni started out with some fairly conservative startegies like Renting Shares, but as her experience grew, she grew into
trading Options and Futures. Not long ago this was all alien to her, but not anymore.
So what were those two pearls of wisdom Jenni got from those top traders? Find out below.
Jenni's Pearls of Wisdom
The two bits of advice Jenni got from those Top Traders were these. The first was to track everything about your trades because your trading history is your most valuable asset. It's your history that teaches you what works and what doesn't. Don't let someone else tell you what works, track everything and find out what really works for you.
And the second was to test, test and retest your strategies. All successful trader test before they jump in. And they keep testing because nothing in the market stays static.
Sound advice, but how did Jenni actually do this? She did it with traderIQ from Seagreen Investments.
Why Tiger Woods would make a great Trader
Ask any Pro Golfer out there and they'll tell you that it's the way they practice that makes them win. Tiger Woods practices his golf almost like it's a life an death situation. Then, placed in the same situation in a tournament, he KNOWS he can make the shot. Not thinks he can, but knows he can.
And it's the same with trading. If you know your trading plan works, you know it works. Then, when coughing up real money for a trade, fear and nervousness just don't come into play.
The Money is in your Mind
Practice Makes Perfect
It's an old saying but it holds very true for today's Traders. Practice really does make Perfect. It gives traders the mindset of knowing their trading plan will work. They know not every trade will be a winner, but they also know that over 10 trades how many will win.
Jenni's pick for best practice software is traderIQ's smartSIM.
smartSIM is a trading simulator that lets new and experienced traders practice just like in real life, but without risking real money. If you're just starting out, or you've got a new options or CFD startegy you need to test, smartSIM gives you the means to build experience and confidence in safety.
Does History Really Repeat?
You bet it does. People make the same mistakes over and over again. And in trading this can cost a fortune. But successful traders know the way to stop making the same mistakes is to track everything. The trade details, screenshots, emotions everything.
Here's where Jenni recommends traderIQ's smartView. smartView captures the raw trade data, including trade screenshots, and turn this data into powerful graphs and reports. So you can instantly see where things are going well, and where they're not.
It releases the trader from mundane activities and frees their mind to concentrate on the important stuff... Profits.
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