3 Things That Will Make A Better Trader According to Rockwell Trading Experts

Mark Hodge, head coach at Rockwell Trading, presents his special strategy on the 3 things that make a better trader on Rockwell Trading’s new live series Coffee with Markus.

Learning is a never ending process and this rule strongly applies to traders. Traders are always learning and discovering new things that allow them to continue on the path of success. In the latest show, Mark Hodge, head coach at Rockwell Trading, highlighted three major things that permit traders to make more winning trades.

Mark and Markus Heitkoetter, the CEO and founder of Rockwell Trading, suggests to starting the day by inspecting major indices, including crude oil and S&P 500 to make and adjust business strategies according to the market trends. After closely looking at major indices, they look at the economic calendar, as economic reports always have a huge impact on markets.

Along with presenting business strategies, he also briefly answered audience questions. Most of the questions were related to Rockwell Trading PowerX Analyzer software and the three-day seminar that is likely to start next month.

Coming back to the topic, Mark shared three things that will make anyone a better trader.

1) Always have an exit plan

· Profit Target

· Stop Loss

· Technical Exit/Time Stop

Mark believes traders should always have an exit plan in their mind before they initiate any position. Then he pointed out towards PowerX Analyzer which offers investors an opportunity to achieve their profit targets, while the software also offers stop loss strategy. Mark gives so much importance to the exit plans as an investment without an exit plan could result in massive losses.

2) Screen time

Mark thinks the screen time is very vital in day trading which several traders overlook. Screen time is reinforcing once strategy, allowing traders practicing their trades, when to get in and when to get out.

3) Trade Opportunities not Hunches

This means that traders should "Trade what you see not what you think." At the end of the show, he again answered few questions amid his ambition to teach others to become a successful trader.

Those who are can get these insights on the market for themselves live at rockwelltrading.com/prcoffee.