Trading Game: 1 - Follow the steps...

Important!

It's important to be committed. But not obsessed!

Obsession comes from the Latin word obsessus, or besieged. When you're obsessed, your mind has been besieged by uncontrollable thoughts. You're possessed...

The goal of this material is to attempt to impart on you who arrived here how to trade as effortlessly as possible. That is why it's important you don't skip straight to the strategies section. Read through everything, including strategies from start to finish to get an overview and then START with a deeper understanding. The steps I wish I had been taught upon starting out on this journey. Would have saved a lot of pain! Putting this info in a Blog form because learning is lifelong, and a Blog is adaptable and easy to update and change - which I'm sure there will be as we iron out relevant material. That's why the once off request of payment and not an ongoing subscription... The idea is that as a trader we mature to the point where we don't need a 'Guru' and can read price action for ourselves and trade as effortlessly as possible. I will attempt to put up a quick snapshot of market conditions a few times a week as I see price action developing and for example of things to consider - Time dependent... I don't have a crystal ball and also make mistakes, including landing on the wrong side of price action with an oversized position from time to time. So, know about conducting the odd salvage operation...

When we're possessed - something I know a bit about re why if you land here get access to the Transcendence Blog as well... Demons are real. Times may be modern and new, but the demons we face have been around a very long time. In the book of Exodus 32 The story of The Golden Calf is about the worship of Baal. Worship Baal if you want thriving affluence, success and a lavish lifestyle. There's a lot of that in this modern me first selfish world. There's a symbol of Baal right outside the New York Stock Exchange. If the people change, but the things they worship don't, then the spirit working through them is the same...

Be careful what you worship! Especially if that is yourself or money.

We're not God, we're only human and our time here is short so it's important to believe in something bigger than ourselves. It's humbling. If we don't let God fill our hearts and minds - something else will.

This is where we strip ourselves of ego. If not, the markets, especially futures, will strip it for you - and it will be painful!

Basically, if you're obsessed, you won't trade effortlessly. Stay humble & committed, not obsessed.

1. Understand Your Risk Profile:

Before you start your market trading campaign, it's crucial to have a deep understanding of your risk profile. This also changes depending upon your particular circumstances.

For Example: Before my second child was born, I cleared out my trading account mostly, as felt it would be good to take a breather. It opened another psychological rabbit hole I won't go down here... As the primary carer of my children didn't want screens in my life for a while. I wasn't working so when I started trading again the small amount needed to be preserved. Trading carefully. Slow going. When the baby was about 2.5 years old, I got a job. Not a high paying one, just an average to low income one. But it changed my risk profile. The funds in my account were now more discretionary. It was liberating. I no longer had to worry nearly as much because I had a paycheck coming in every other week.

Don't quote me on this but the 2% risk of account on every one trade rule of thumb that most trading educators teach sounds fine and well but is not practical on smaller accounts. This is a game of pattern recognition and following price action according to the probability of what is going to still happen based upon the patterns that have been.

Trading goals were adjusted accordingly. Instead of scalping for titbits I could now focus on building that oversized position on the right side of price action that allows one to double their account size every few months. My new goal went from trying to make so much per week to doubling the account twice by the end of that year. That was the conservative goal...

Obviously as your account grows you adjust your targets to be more conservative accordingly.

Most of us, especially if you've been burned a few times by the market are risk averse... BUT we cannot bring a low risk tolerance profile to a high-risk profile game.

There's a saying that you will fail at this game to the same extent that you fear it.

2. Using Probability:

There's not a market that isn't in some way or other manipulated.

3. Develop Compelling and Consistent Messaging:

Your marketing campaign should have a consistent and compelling message that aligns with your brand's values and resonates with your target audience. Craft a unique selling proposition (USP) that sets you apart from your competitors and highlights the benefits of your product or service. Use this messaging consistently across all marketing channels to create a strong brand identity.

4. Leverage the Power of Social Media:

Social media platforms have become essential marketing tools in today's digital landscape. Identify the social media channels where your target audience is most active and create engaging content that captures their attention. Utilize features like live videos, stories, and influencer partnerships to amplify your reach and build a loyal community around your brand.

5. Embrace Personalization:

Personalization is key to creating impactful marketing campaigns. Use customer data to personalize your messages, offers, and recommendations. Address your customers by their names, segment your email lists, and create tailored content that speaks directly to their needs and interests. Personalized campaigns make customers feel valued and increase the chances of conversion.

6. Utilize Video Marketing:

Video marketing has emerged as a powerful tool for capturing attention and delivering your brand's message effectively. Create engaging and informative videos that showcase your products or services, share customer testimonials, or provide valuable insights. Leverage platforms like YouTube, Instagram Reels, and TikTok to reach a wider audience and drive engagement.

7. Collaborate with Influencers:

Influencer marketing continues to be a popular strategy for reaching new audiences and building trust. Identify influencers in your industry who align with your brand values and have a genuine connection with your target audience. Collaborate with them to create sponsored content, reviews, or giveaways that promote your brand and drive sales.

8. Use Data Analytics to Optimize:

Collect and analyze data throughout your marketing campaign to gain insights into what's working and what's not. Use tools like Google Analytics, social media analytics, and email marketing platforms to track key metrics such as click-through rates, conversion rates, and engagement levels. Use this data to optimize your campaign in real-time and make data-driven decisions.

9. Offer Exclusive Deals and Incentives:

Create a sense of urgency and exclusivity by offering limited-time deals, discounts, or incentives. This not only encourages immediate action but also cultivates a loyal customer base. Use targeted email marketing, social media promotions, and retargeting ads to reach out to potential customers with these exclusive offers.

10. Continuously Test and Iterate:

Marketing is an ever-evolving field, and what works today may not work tomorrow. Continuously test different strategies, messaging, and channels to identify what resonates best with your audience. A/B test your campaigns, analyze the results, and iterate based on the data. Stay agile and adapt your marketing approach to stay ahead of the competition.

Conclusion:

Creating marketing campaigns that skyrocket sales and strengthen your brand requires careful planning, understanding your audience, and utilizing the latest marketing trends. By implementing these 10 tips, you'll be well on your way to creating impactful campaigns that drive results and position your brand for success in 2024 and beyond.