About Kevin Loughlin
I have been interested in the stock markets and forex for about 5 years. Initially, like most traders I just dabbled, and like most traders lost money. In the past I have been like a pinball bouncing off various strategies, educational courses, indicators, the news............
Sound familar?
But desptie losing money initially I was well and truely hooked and having a stubborn personality I persisted in my quest to find a system or strategy that would give me an edge to make consistent profits.
About 2 years ago I started studying Elliott wave theory and harmonic patterns with specific fibonacci rules. I was already an avid student of Japanese candlestick pattern and classical technical analysis.
Once I started putting it all together I realised I had a system that works. That is, I had developed a strategy that gave me consistent profits over time. I had found my edge.
Haven blown a few accounts in the early days and suffered all the bad psychology that you read about in the books and of course, experience yourself, I also started to examine and study what psychology makes the successful traders successful. So, as I worked on my strategy, I also worked on my psychology. This is a very sobering process as you have to be honest with yourself in identifying your weaknesses and sorting them out.
The strategy I have developed allows me to identify high probability trade set-ups on all time frames and in any market and to calculate and limit risk in order to maximise profits. It is vital to protect your equity and control losses, your profits will come.
As you will see from my published trades, each set up is realised well in advance. Stops, targets and entry points are pre-planned and executed based on rules that are rational and premeditated, without unfounded guess work or emotional interference.
I have a written plan which I follow faithfully and I have a journal which I complete faithfully.
The only way to be a successful, consistently profitable trader is to have the following (all equally important):
Method (strategy/system giving you your edge)
Mindset (good trading psychology that is not powered by emotion)
Money management (controlling risk and nurturing profits)
I hope I can inspire you to find these facets for yourself and I am delighted and grateful that you are taking the time to read and watch my blog.
Here's to a profitable and healthy present and future,