Thursday, February 16, 2012

How to trade fixed odd like a sniper

In the battlefield snipers don't shoot sporadically like machine guns. Snipers wait patiently for their targets and once they spot the target, they shoot.

Machine guns shoot sporadically and aimlessly while snipers aim at their target before shooting. Snipers are more effective because just one shot will bring down the target.

If you want to make money continuously in fixed odd trading, you must be and act like a sniper – wait patiently for the right setup and conditions before placing any trade.

The problem with a lot of most fixed odd traders (both new and old) is that they place bets more often. They spot a rising market, they place a bet and when they spot a falling market, they also place a bet – they don't even care to know the reason why the market was rising or falling.


If you want to trade like a sniper, you must follow the three points listed below; they have been proven to be effective and profitable:

1. Have a valid trading setup and conditions that must be met before any trade is placed. Also before any trade is taken, check to make sure that the trade corresponds with your conditions.

2. Have a good money management system. A sniper naturally kills most of his targets. So don't chase any loss. Don't use any sophisticated or doubling system. Just place simple straight bets; placing the same amount of money until your bank doubles.

3. Be patient. Patience is a virtue which many traders lack and if you must win in fixed odd trading, you must be patient or try to develop the virtue of patience. It takes patience to wait for the right setup. Please if you lack this virtue, I advise you stop trading right now and build your patience level before you continue trading.

All snipers are naturally patient; so you need to develop it because it is already in you…but it needs to be built up to function.

Add these 3 points to the fixed odd trading system/ strategy you are using and you will be a better and profitable fixed odd trader in a very short time.

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