Wieland Arlt

In trading everything is possible… When planning a trade, traders usually care for the entry, stop loss, and take profit. Fair enough, as these are the main elements of a proper strategy. But what happens DURING the trade? Most traders are unprepared for all the moves within the trade. They are unprepared for losses turning into profits and vice versa. And while watching their accounts grow and decrease within a second the subconscious mind kicks in and brings all the fear and doubt with it. As a result, traders tend to make severe mistakes in trade management, which leads to unplanned losses instead of the desired profits. 

If you think that making money is about the perfect strategy, you better think twice. Because even the best strategy is worthless if you don´t find the perfect situation for it. This brings us to the most important tool in trading and investing: The screener. Of course, you can go through your list day by day and use hours for this. But why should you do this, if you can do the same within a second?Wieland Arlt, CFTe and president of the International Federation of Technical Analysts shows you not only how to trade his preferred strategy but also, how you can find countless stocks giving you promising opportunities daily.