If you have been reading this blog for a while you know that THE CROSSHAIRS TRADER promotes simplicity.  Am I alone in thinking this way?  I do not believe so!  I would hazard to guess that most all, if not all, professional traders believe that successful trading boils down to having and following a very simple set of rules. 

Here is a very short list of comments from very reliable sources—successful professional traders.

 

John F. Carter:  “It is important to remember that there is no need to spend wasted years looking for complicated setups or the next Holy Grail.  There are very simple setups out there to use.  Some of the best traders I know

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How about this for a trading term?  BEER MATH.  Ever heard of that one? You probably have if you are a military enthusiast or a sniper.  If you haven’t figured it out yet my writings focus on trading as a battle, so I find myself reading quite a bit of military literature and right now the main focus is on sniper training (it is a theme of a book I am writing). 

 

I recently purchased a book entitled Trigger Men: Shadow Team, Spider-Man, The Magnificent Bastards, and The American Combat Sniper, by Hans Halberstadt. He includes a glossary and, you guessed it, one of the entries is BEER MATH. Here is his description:

 

Sniping involves a great deal of mathematics (almost as much as the art of artillery) but the problems must typically be solved under

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This is the latest entry in THE CROSSHAIRS TRADER DICTIONARY. COORDINATED ATTACK:  A carefully planned and executed options trade in which the various weapons in THE CROSSHAIRS TRADER arsenal are employed in such a manner as to utilize their powers to the greatest advantage as a whole.  In other words, the utilization of the trader’s weapons in such a manner that the probability of success is stacked in the trader’s favor. THE CROSSHAIRS TRADER bases trading decisions on a checklist of weapons.  This checklist determines the probability of an options trade working based on historical evidence and the current market conditions. The checklist contains the following and is in the form of questions: 1.  What is the current BATTLEFIELD TERRAIN? According to the CROSSHAIRS TRADER DICTIONARY the choices are: ACCESSIBLE, PRECIPITIOUS ...