“Trend following is a form of technical analysis. However, it is not predictive technical analysis, but rather it is reactive technical analysis. This is key to understand.” – Michael Covel All that matters for a trader is what they are doing right now in the current moment. Their potential entry set ups, their stop losses, […]
Trading in the Now Read More »
The top 10 causes of big losses in trading: Too stubborn to exit when proven wrong: You just refuse to take a loss, you think a loss is not real as long as you do not exit a trade. Too much ego to take a loss: You are on the wrong side of the market
Top 10 Causes of Big Trading Losses Read More »
“If trading (or any other job or endeavor) is a source of anxiety, fear, frustration, depression, or anger, something is wrong—even if you are successful in a conventional sense.” – Jack D. Schwager Anger is an emotion that is a great tool for protecting our boundaries and safety. Anger is the internal bodyguard that allows
Angry Trader, Broke Trader Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. Be proud of your losing trades…it shows everyone that you became aware of your mistakes and took decisive action to not repeat them. Then you can be proud of your winners. #ForexTrader #daytrading — Tino@tradersreality (@Tradersreality)
How To Take Responsibility For Trading Read More »
This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. I used to a run 10K every day when I was studying at the University. Since then, I have reduced a lot of my running habits due to a past injury, but I still
Running and Trading Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. This post is dedicated the those who experience changes in their life that can affect their day to day behavior. Specifically speaking, many may already have dependents or like me, awaiting the arrival of our first
How To Adapt To Surprises: When Trading Read More »
A profitable stock trader’s success is not based on picking the right stock at the right time. There are dynamics that determine success other than entries and picks. Millionaires aren’t created because they have a magic system for trading through all market environments. There are a couple of things that influence profitable trading, and they
Principles of Profitable Trading Read More »
We can’t trade in the past or in the future all we have is the ever present now and our signals. We have to trade in the now because the past is gone and the future is unknowable. To really be a great trader we have to get comfortable with being uncomfortable. We have to
Managing The Uncertainty in Trading Read More »
“If you think education is expensive-try ignorance.” – Derek Bok In Buddhism, there are two types of enlightenment, known as Satori and Kensho. These forms of insight happen in different ways, largely based on the time spent achieving awakening. Satori occurs almost instantaneously, creating an immediate shift in perception of a personal reality. When someone becomes
The Hard Way or the Easy Way Read More »
There’s a lot.. but one the worst things is have too much success too early and get overconfident. — Drew Marshall (@DrewDoesBiz) October 31, 2017 Believe the macro bear is making the same trades he’s preaching. — Graydon Britton (@graydonbritton) October 31, 2017 Buy DRYS — Rjwalz (@Rjwalz666) October 31, 2017 Sell naked call options.
The 10 Scariest Things a Trader Can Do Read More »