Discover how to manage your positions objectively -- plus control your emotions -- so you make the most of each high-confidence trade set-up.
You've heard the common trading advice: "Successful traders know how to control their emotions, instead of being controlled by their emotions." I bet you're thinking easier said than done, huh? As a trader, you're bombarded with countless possibilities that can make decisive action a stressful high wire act. It's no wonder your emotions can get in the way.
That's why it's so important to incorporate the Elliott Wave Principle into your trading. The Wave Principle has helped thousands of traders learn to manage their positions objectively, remove emotion and spot high-confidence trade setups.
Taken from Volume 2 of the Trader's Classroom Collection eBook series, Veteran trader Jeffrey Kennedy explains 5 ways the Wave Principle can improve your trading, complete with easy-to-understand charts. Jeffrey has even included a free bonus lesson, "How to Use the Wave Principle to Set Protective Stops." It's a critical lesson in forming your trading exit strategies.
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Jeffrey Kennedy, MSTA, CFTe, CMT, CEWA-M, is Chief Commodity Analyst at Elliott Wave International (EWI), with 25-plus years of experience as an analyst, trader and teacher. He writes Commodity Junctures, EWI's premier commodity forecasting package that focuses on Elliott wave analysis of the commodity markets. He also produces Trader's Classroom, an educational service that shows how to spot trading opportunities with wave analysis and supporting technical methods. In 2014, he achieved the title of a Chartered Market Technician, certifying his proficiency in multiple technical analysis tools. Subscribers and students always tell us how committed he is to empowering them to achieve trading success.