A Recipe for Trading Success – The Slow Chef

A recipe for success or a recipe for marriage disaster?

A few years ago I decided to make a concerted effort to do a little more cooking. Well, maybe start doing some cooking is more like it.

We’re talking about a bloke who lived at home until he got married. I could handle a barbecue, although that’s really about it (I did go on a muffin making foray once, but that story is way too embarrassing to share at the moment. I’ll work up to it).

Trish was obviously very supportive, perhaps a tad too much. So keen she started a blog called The Slow Chef with the aim “..to follow the journey of Nick from Noosa as he learns how to cook.”

The Slow Chef? What the…

Trish will tell you it’s because I was just slow taking up the whole cooking thing.

But it could also mean that I’m also a little slow upstairs.

Or that I’m slow at doing the actual cooking gig itself.

Which could be closer to the truth.

Let’s face it, there is a lot to think about. Writing an ingredients list, navigating the supermarket aisles in search of said ingredients, trying to find things in the kitchen, prep work, the actual cooking, refining the taste and then serving.

This little brain operates in batches. Like most men it functions nicely when handling one thing at a time. I’m not about to try step-4 ahead if step-3 to speed up the process.

One misstep and we go from Duck Ragu to some weird tasting stomach turning chowder concoction that tastes like spam mixed with jellied spaghetti.

Which is why I respectfully follow the proven recipe.

Write your own recipe for trading success.

Here are some ingredients for a proven trading recipe:

4x Moving Averages; 10, 20, 50 and 100.
4x Bollinger Bands; 1.0, 1.2, 1.4 and 1.6.
1x ATR set to 10.
Lookback set to 10.
15 positions.
10% risk per position.
Sprinkle of time.

Combine ingredients and stir.

By using these ingredients and following a proven recipe for success I got what I consider to be the best trading strategy I have developed in my 35-years of trading.

A good recipe is the same as a proven trading plan. It needs to be followed every step of the way.

Join the New Trader’s Blueprint to learn how to build your own trading plan.