CUAN Trading Strategy
The purpose of every trader is to make profit from the market. That's why you need trading strategy. Entering the market without trading strategy is like gambling. You'll end up losing your money, slowly or fast. Too bad, there is no trading strategy that proven 100% always succesful to make you win in each and every trading. The truth is that any trading strategy only able to increase your chance to win. But, it's better than having no strategy at all. In this section I will explain a lot about trading strategy. This strategy can be applied to any trading, such as stock, forex, commodities, or else.
After I read, experienced, and learned a lot, I conclude that my trading strategy relies heavily on 4 basic topics. My trading strategy is:
C U A N
CUAN is a short for CONTROL, UNBIASED, ANALYZE, and NIMBLE.
Let's learn more about them:
(C) CONTROL
Trading is a risky business. That's why you have to control how you play in the game. (1) You should manage your money, how you spend your money, how much you will have to invest. (2) You also have to manage your risk. Not everyone can bear the same risk. You must determine how much risk you can take. (3) Also you have to consider your trading style. Not everyone is able to trade. You have to choose between being an investor or a trader. Imagine you are going to enter a martial art competition. What weapon you are going to choose is depend on your body. Small fighter can't hold big weapon for example. It also applied to trading. You have to choose your own trading style.
(U) UNBIASED
Trading is not only about how much monyy you have, or how smart you analyze the situation. There's more than that. Trading more related to emotion. You have to manage your emotion. They are fear, greed, anger, patience, and so on.
(A) ANALYZE
Business and financial world is not easy to understand, especially for you who doesn't have economic background. You need to keep learning and analyze how the market behave to get the most benefit from trading. Don't worry, you don't need genius mind, just a simple analyzes can help you win.
(N) NIMBLE
Business and financial world is very dinamyc. It's always changing. You have to keep your eyes open. Market can change dramatically at anytime. Losing or wining in trading is affected by market timing. Good money and emotion management doesn't mean anything if you take a wrong decision by entering the market too early or too late. You have to know when to invest, or to leave the market. Do the right thing at the right moment.
