Trading Simple TREND LINE Strategy Made Her $100K A Year!

Introduction

In a recent episode of the Humble Traders podcast, Tori, a trader known for her focused trend line strategies, shared her insights into trading, the journey of becoming a successful trader, and the evolution of her trading strategy that has helped her earn over $ 100K per year.

The Journey Begins

Tori's path into trading started unexpectedly. After dropping out of beauty school, her uncle introduced her to trading stocks, which marked the beginning of her trading journey. Initially, she found herself exiting trades prematurely, fixated on closing profits as they reached $ 30K, $ 40K, etc.

She candidly reflected, "If I had the mindset knowing that this is going to take me a few years, I would have enjoyed the whole process." Over the years, she honed her strategies, learned from her losses, and developed a deeper understanding of the market.

Growth and Strategy Development

Trading for nine years, Tori transitioned from day trading stocks to focusing on swing trades in the futures market. Initially guided by her uncle's methods, which involved higher time frames and price actions based on bouncing off trend lines, she strategically refined her techniques over time.

"I trade a fairly simple strategy; it is essentially trend lines," she explained. Tori waits for specific setups characterized by three touch points on a trend line before deciding to execute a trade. This strategic approach requires patience, allowing her to trade about once a month, which is radically different from the high volume of day trades she used to undertake.

Despite negative feedback on her simple strategy, Tori emphasized the importance of a structured approach: “There's actually a lot of criteria involved… it’s not simply throwing lines on a chart. It’s waiting for setups to come.”

Risks and Lessons Learned

Trading inevitably comes with its fair share of losses. Tori discussed several pivotal moments that shaped her trading discipline. One notable loss involved a $ 6,000 trade where her strategy didn’t play out as expected, but she felt proud because she executed everything according to her plan.

"Anytime I'm in the money, I stop second-guessing myself," she stated. It’s about trusting the process. Conversely, Tori shared her experience with a risky Ethereum trade where her ego played an enormous role in her decision-making. Despite almost losing $ 30,000, she was fortunate enough to exit with just a minimal loss of $ 48.

Tori's presence on social media has multiplied her influence as a trader. However, it has also accentuated the challenges that come with public scrutiny. Her responses to criticism have evolved, fueled by books and lessons that emphasize individual responsibility and resilience.

“Reading comments less and taking things less personally” has become her mantra as she navigates through the complexities associated with self-image and external perception in the trading community. She advises others in the trading space to breathe through the noise and maintain focus on their own journeys and achievements.

Conclusion

In summary, Tori’s approach emphasizes simplicity and the importance of strategy consistency. “Just because it's simple doesn't mean it's wrong," she reassured fellow traders. For beginners seeking to understand successful trading, Tori recommends three actionable tips:

Understand that trading is a long-term journey.
Avoid 'strategy hopping' to prevent inconsistency.
Keep a trading journal to analyze both wins and losses effectively.

As Tori's experience illustrates, trading can be an enriching venture when paired with a well-defined strategy, patience, and the willingness to learn from both wins and setbacks.

Keywords

Tori
Trend Line Strategy
Trading Journey
Swing Trading
Futures Market
Losses
Social Media Presence
Simple Strategy
Trading Discipline

FAQ

1. What is Tori's main trading strategy?
Tori primarily uses a simple trend line strategy, focusing on three touch points before executing trades.

2. How long has Tori been trading?
Tori has been trading for nine years, transitioning from day trading stocks to swing trading in the futures market.

3. What are some key elements of Tori's trading approach?
Tori emphasizes simplicity, well-structured strategies, patience, and consistency in executing trades.

4. How does Tori handle losses in trading?
She views losses as learning opportunities and maintains a disciplined approach by adhering to her strategy.

5. What advice does Tori give to new traders?
She advises new traders to understand that trading is a journey, avoid constantly switching strategies, and to keep a detailed trading journal.