In trading focus is crucial. You have to know who you are as a trader and exactly what your method and trading plan is, and you must follow it. In trading discipline makes money, focus makes money, stocks in up trends make money, while risk management allows you to keep the money that you have made. You […]
Picky Trader, Good Trader Read More »
After every World Series and Super Bowl game the winners and losers of these games have different levels of energy. It is the same for traders during winning streaks versus losing streaks. Losing money hurts more than making money feels good. Missing trneds hurt, exiting a trade with a small win only to see a
Maintaining Your Energy as a Trader Read More »
In the beginning you have your trading system and your plan and you are excited about trading. Energy flows freely to the new trader that has a mental blank slate. Only the potential of future profits are in the new trader’s psyche. As a new trader tests the waters of the markets with real money the blank slate
Caffeine For a Traders Soul Read More »
I firmly believe that what truly separates the 10% of winning traders from the 90% that lose is their mindset. The vast majority of traders think they want to trade until the have a drawdown and they can’t handle it and end up quitting entirely when the delusion of what they thought trading would be
How Traders Keeping Going Read More »
We know we have to manage our trading system. Our entries and our exits and our mind. But how much pain can you manage as a trader? Traders just like entrepreneurs have to manage the pain of losses, set backs, and battle to remain confident in themselves and their ideas even when their is little
10 Trading Questions to Help You Survive Read More »
Here are ten mistakes traders make that are eventually their undoing. I have made almost all of these mistakes with zeroes on the end at times. It takes years to learn these lessons and they are usually learned only the hard way through the financial pain of losses and the mental pain of being wrong.
7 Mistakes Traders Make Read More »
The weakest part of any trading method is the trader themselves. There are many, many, robust trading systems and methods that do make money in the long term. The problem is the trader having the discipline and mental toughness to trade one of them consistently. The vast majority of time it is not a system
The Weakest Part of any Trading System… Read More »
In most professions working more is what makes you more money. If you are paid for your time the more you work the more money you make. This does not transfer into trading. Over trading can be expensive in trading losses, losing in the bid/ask spread, and commission cost. The best trades come when you are
10 Things To Do Instead of Overtrading Read More »
Trading is not really all about stock picking, predictions, and opinions. It is not even just about a winning system. Yes, first you have to understand how to trade and put the odds in your favor of winning, but that is not enough. You must also add in risk management so when you lose several times
3 Dimensional Trading Read More »