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Welcome to the SP Strategies Blog.

Our Trading Philosophy

Barriers To Successful Trading

Refusing to take a loss is one of the more prominent reasons for failure in the trading game. It usually starts with the lack of a defined exit point when a trade is executed. Ask yourself: “Where and when do I get out if I am wrong?”. (we have pre-defined profit and loss targets, so this helps auto-pilot it for you)

Why are you trading? Do you fully understand what your goals are as a trader? Trading is somewhat like golf. There are a vast number of golfers that enjoy the activity but they will never make a living at it. They incur the cost of club memberships, cart rentals, equipment, reading literature, private and group instruction, and so on. I would venture to say that most of these golfers have no intention of making money playing the game and they know that. They know why they participate. And for the few that go on to make a living at the game, they work their “tails” off day after day. They are willing to pay the price of success….more

THERE IS RISK OF LOSS IN ALL TRADING

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance is they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can adversely affect actual trading results. There are numerous other factors related to the specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

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