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Darren Winter's of Win Investing Tips on Key Strategy

The following article contains tips from Darren Winters of Win Investing on Trading, the article is full of useful tips on the subject and it’s something defiantly not to miss…

The information in the tips rage from finding a key strategy to implementing them.

Darren said “It doesn’t matter if you are a shorter term trader or a longer term investor; you still need to have clear rules for how you are going to approach your trades...”

Win Investing.

Win Investing Tip One

Find a key strategy that would work for you. These need to be developed over a period of time and tested to ensure they would work in a live environment.

Darren Also added ”The problem with any strategy is that whilst it may work a few times in the current market, it may not be so successful if the market is running strongly in a different direction and may only work well once in a blue moon. To us this makes back testing essential. -Darren”

Win Investing Tip Two

Back testing, the best way to maximise your success rate

So, what does Win Investing mean by back testing a strategy?

Darren Explains “Well personally I like to go back as far as possible and see firstly how often the set up appeared, then what happened next. I will record each occurrence on a spread sheet, measure the number of points it has moved either against me or in my direction. If on the first 10 occasions it only works once I might scrap that strategy although I have often found that as most stocks, indices, commodities and currencies may have their own character, it might work on one but not another. –Win Investing”

What do I measure? Here are Darren’s headings for a recent test; • Date of set up • Time of set up • Time taken for set up to form • Range of price (this may be two or more prices subject to strategy) • Direction of activated trade • Entry level • Target (in price and points) • Actual size of move (points and % of target) • Did the strategy work? • Priced position closed at For Win Investing.

Win Investings Tip Three

Spend the best part of 6 months practicing and perfecting the techniques you are going to use.

Darren Winters adds “Why do you have to practice for so long? Because although the strategies you are going to develop work, you will still have to master a certain set of skills to implement the strategies. –Win Investing”

Win Investings Tip Four

Once you have spent enough time perfecting your strategy you need to implement it in a small scale.

Darren added “Possibly the hardest thing for traders to do is be patient. You need to be able to sit and wait until the best setups arrive and ignore the ones that are not. –Win Investing”

Win Investings Tip Five

After using your strategy in small scales and are comfortable with it, start increasing your implementations.

Darren also added “When that setup comes along, you need to go in without hesitation, using the skill sets you have practiced, coupled with the correct money management techniques just in case it doesn’t work out. -Darren”

Darren Winters, Win Investing.

Darren Winters also explained “If you can bring all of these skill sets together, you are in a position where you can beat the market on a regular basis. Unfortunately, many new traders ignore some of these aspects and don't follow a strict set of rules, or even practice before going in with real money -Darren”

Darren Winters of Win Investing.