How To Trade It: Trader Insight from Profitable Traders
Business:Investing
Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine. He is an entrepreneur, a leader in his local church, and is a successful business owner and trader. Casey is dedicated to helping people fulfill their financial dreams, while also achieving financial freedom. In this episode of How To Trade It, Casey shares the phenomenal success of Siphon X, his newly upgraded trading robot. You don’t want to miss it!
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You’ll want to hear this episode, if you are interested in…
What is Automated Trading?
Automated trading is when a computer program that you download onto your charts that will take trades “automatically” for you. It's also called: Algo-trading, Algorithmic trading, EAs or Expert Advisors-in relation to Forex, or Robots. It’s not 100% automated, as you often have input or need to occasionally tweak settings, and it's not as effective as a skilled trader can be. Still, it’s a great option, especially for those who don’t have a lot of time to devote to their trading endeavors.
The System works best when…
What we discovered was that Siphon X works beautifully when we apply it during certain market conditions, and works poorly in others. We looked at it on stocks, crypto, and currency pairs, and we determined that it works really well in a trending market. That is great news for us because we love to trade the trend. So, after heavily back-testing on trending markets, the results have been through the roof! The USD/JYP, for example, has been trading at a 90% win rate using our EA.
Benefits & drawbacks
Auto trading is a great choice for beginning traders. Using an EA allows you to speed up the learning experience. You only need to make adjustments that take a few minutes each week. Time is one of our most valuable resources, so saving time for other activities is a huge win in our book. It’s nearly impossible to replicate decades of knowledge and hands-on experience in a simple computer program. And, even though your EA returns may not yield as large of a profit as that of a live person, getting consistent, steady growth in your account is still a great way to go.
Resources & People Mentioned
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Connect with Casey:
Beyond the bull market, long term wealth creation with Nathan Tucci
Blindness; an obstacle but not an impossible for trading success with Alfredo Holguin
Translating lessons from fatherhood to business skill with Casey Stubbs
What is Shibarium? Everything you need to know about and why you should care
My Top Five Ways to Become Successful in Trading
High Performance Trading Coach with Steve Goldstein.
Mastering the Markets: Deepening Success with Strategic Mentorship and Consistent Trading Practices
Mastering the Markets: The Power of Mentorship and Consistency in Trading
Evolution of Trading Technology with Tony Saliba
My Complete Trading System for 2024
Conversation with Apex Futures Trader Funding Darrell Martin
Risk Management Trading Strategy with Robb Reinhold
Your Trading Persona: Crafting Personalized Trading Strategies for Success
Optimizing Success: A Dive into Adaptive Trading Strategies
How to Trade Bitcoin For Beginners: 3 ways to Fast Profit
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Reuben Mattinson: Pioneering Profitable Algorithmic Trading
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