An Abstract View
Adam Smith in The Money Game said it best – "If you don’t know who you are, the market is an expensive place to find out." The "Who you are" is the focal point of TradingWheels, as the majority of other trading tools center on peripheral items to aid you that may not have anything to do with what is ultimately making your trading decision — you. Its no surprise then that so many traders fail when they continue to add yet another indicator, or believe that finding an automated system is the cure all.
TradingWheels, allows you to use whatever trading tools you like while addressing your trading psychology at the same time. The TradingWheels program hides your live and paper trade account number behind a mask which you will see as "TWMASK" in the statements. This is so you are purposefully unaware whether you are trading in your live or paper account until you are flat in all open positions and working orders. The benefit of this minor change cannot be understated as it is intended to trick your mind and force you to treat each trade and each position as if you have live funds on the table at all times. We know of no better educational trading product that correctly addresses your trading psychology (self) like TradingWheels can.
TradingWheels is not for those looking for short cuts. It’s designed to address your ego which you will fully understand the first time you try it. In return, TradingWheels will help you understand your emotional intelligence when trading and highlight what really drives your trading decisions while other traders continue focusing on anything but themselves. We have provided further details on how TradingWheels works in our Technical View for those looking for even further specifics.
