How successful traders find consistency

It’s earnings season, baby! 

That means traders are eagerly awaiting to hear the latest quarterly updates from heavy hitters like Alphabet Inc. (NASDAQ: GOOGL) and Microsoft Corporation (NASDAQ: MSFT) after the close…

But despite all the hype leading up to earnings…placing a bet before the announcement is just that…A GAMBLE.

• Will the company beat analysts’ expectations? 
• Will the stocks go up and lift the entire market? 
• Or will earnings be dismal and bring the markets down with them?  

Why stress yourself out when you don’t have to? 

There is a better way to trade earnings season…which I’ll share with you in a little bit. 

But first, the major indexes got crushed yesterday morning(and later bounced hard), traders in the SteadyTrade Team were watching so many big gainers that it was tough to pick the best one.

On days like that, you need to rely on your experience and have confidence in your trading plans. 

Struggling with your confidence? 

Read on to find out what most traders tell me was key to finding their trading consistency and confidence…

How to Build Trading Confidence

Trading confidence comes with consistency. 

When you know you can consistently make money in the markets, it’s easier to cut losses when you’re in a crappy trade. 

Because you know you can move on to another trade and make back your losses. 

In other words, you’re confident in your abilities.

But if you’re not consistently profitable, how can you be confident? 

Sounds like a Catch-22, right?

Well, believe it or not, there is a way to build confidence…

I’ve been teaching traders how to trade for years. And one thing I hear from successful SteadyTrade Team members over and over again is… 

They finally found consistency when they built enough discipline to wait until midday or late day to trade. 

I know, it sounds counterintuitive… 

Most people think the best trading opportunities are in the morning. 

But if you’re a new or intermediate trader, or if you’re struggling — waiting until after 9:45 a.m. is a great policy. And it’s a great way to wait for the right setup after earnings. Here’s why… 

You Don’t Have to Trade at The Open

Many new traders want to catch big morning spikes, bank some profits, and go about their day…

But what happens most of the time is that traders chase morning spikes, get a bad entry, then get shaken out in volatile price swings, or when the stock fails. 

That’s a quick way to question your sanity and wonder whether you’ll ever get trading right… 

Don’t be so hard on yourself. 

You’re trying to build confidence in the beginning, so start small…

Let the chart play out. Use trading tech to help you develop solid trading plans. Then focus on consistently sticking to your pattern and plans —  not making money. 

After all, if you can’t make $30 a month, then how can you ever make $300 or $3,000 a month? 

Once you build confidence and consistency in a less volatile setup that works for you, then you can prepare to tackle volatile morning trading.

I’m here to help you develop your trading plans twice daily…

Join my webinars NOW!

See you back here tomorrow.

Tim Bohen

Lead Trainer, StocksToTrade