4 ways Neely River Trading is different
NEoWave, Inc.
Founded by Glenn Neely, NEoWave, Inc. is dedicated to advancing trading strategies and Wave forecasting.
I sincerely believe my approach to trading is unique. Unlike trading techniques that focus on market predictions,?Neely River Trading?focuses on trading markets more profitably. Neely River helps you keep your top-level goal front and center: When it comes to trading, the goal is to make money.
Here are 4 ways my trading strategy is different from virtually every other trading strategy out there.
1.?Recognize that trading is like a river.
If you’re in a boat on a river, you don’t predict where the ocean is. You just observe. The river is going to take you downstream to the ocean. Your job in that boat is to survive until you finally get to the ocean. You’re going to get there as long as you don’t go over a waterfall, run aground on a sandbar, or smash into rocks and get a hole in your boat. You just have to manage your environment in the here-and-now, and eventually you’ll get to the ocean.
Neely River Trading technology is about how to manage, maneuver, and survive in a real-world trading environment. Instead of basing your actions on the assumption that you know where the market is going (forecasting), you closely look at the current market activity to understand what to do until it gets where it’s going. This is a completely opposite approach to the way most people deal with markets. It’s less stressful – and more profitable!
2.?Neely River is based on observation (not forecasting).
It’s incredibly important to learn how to navigate market reality instead of trying to predict the future with precise market forecasts. Neely River Trading is based on observing the current market behavior. It’s a logical and scientific approach to trading.
With Neely River you’re not trying to predict what’s going to happen in the market. Your trading decisions are focused on the here-and-now. You deal with the evidence you have and decide how to maneuver and position yourself. You move stocks or options based on concepts that are observational rather than anticipatory (forecasting).
Remember, the goal of trading is to make money, not forecast where the markets will go.
3.?A focus on protecting your capital.
Capital protection and risk management strategies are fundamental to Neely River Trading technology. For bottom-line trading results, you must always stay focused on protecting your capital and reducing risk to zero as quickly as possible.
To control capital exposure and limit losses, I advise traders to never risk more than 1-3% of capital on any given trade, because it’s extremely difficult to make up for large losses. If you’re relatively new to trading, I recommend you keep your risk at 1%.
Think of it this way: If you risk 10% of your capital ten times in a row and have a streak of bad luck, you will wipe out your account!
On the other hand, if you stay focused on managing risk and protecting your capital, you will be much better off. You’ll survive in the game much longer. And you’ll have more time – and more opportunities – to catch good trends. This “secret” to successful trading is often overlooked – to the detriment of many traders.
4.?Adjust your trading style according to who’s in control.
A lot of traders think they need to select one trading style, and then stick with it day in and day out. With Neely River, you learn how to observe the market to see which type of trader is in control. Once you determine who is in control of the market, then you need to adjust the way you trade to fit the current market environment. If you always use one trading style, then your trades will not make money 2/3 of the time!
What are the three types of traders?
Neely River uses a logical process to identify which type is currently in control of the market. Then, it’s absolutely critical to adjust your trading style based on who’s controlling the market. Be flexible! Sticking to one trading style for every market condition is not a winning strategy.
Remember, you don’t want to use an inflexible trading approach that is based on opinion, guesses, or emotion. You want a flexible approach to trading that is based on observable facts. This includes: Who is in control of the market.
Written By Glenn Neely
Glenn Neely is the author of Mastering Elliott Wave. Founder of NEoWave. Trading Advisor & Market Forecaster.
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