“It’s not the daily increase but daily decrease. Hack away at the unessential.” -Bruce Lee Quitting is not always the wrong thing to do. There is a time when you have to decide what you want and go get it, you do not stop until you reach your journey to your destination, this is when […]
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When I asked “What kind of psychological edge do you have in your trading?” in my Facebook trading group I had a lot of great answers. Here are a compilation of many of their great answers. Here are the 20 mental trading edges that a trader can use in their battle for profitability in the
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“The game taught me the game. And it didn’t spare the rod while teaching.” -Jesse Livermore Trading Losses: There are two types of losses, one loss is caused by the market simply not being conducive to the profitability of your system. The other type of loss is caused by a lack of discipline, causing you not
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Reading Nicholas Taleb’s book Anti-Fragile really got me thinking about how traders are broken. (This may actually be my favorite book out of over a thousand I have read in my life.) Traders can become fragile and be broken in several ways: They can quit because they believe that trading successfully is impossible. They can
Fragile Trader, Anti-Fragile Trader Read More »
I truly believe the hardest thing about real trading has not been the math, the method, or picking the right stock, currency, commodity, or futures contract. The most difficult thing about trading is dealing with the emotions that arise with trading itself. From the stress of actually entering a trade or the fear of loss as a trade
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If you’re too proud of your trade idea it may be a bad one. If you can’t trade with controlled emotion the position size is probably too big. If the trade is going to stress you out and mess up the quality of your life it is probably not a good trade. If you don’t know why your
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This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. Just a quick blog post today, the sole purpose of this post is to try and save you some time if you’re currently pursuing a trading career and struggling with it, in an effort to get you to
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This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. Some Key Realizations that Foster Profitability In Trading I lost money for about a year straight once I committed to day trading as a full time profession about 3 years ago. Literally a year straight. About 14 months
Profitable Trading Habits Read More »
This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. This post today is for anyone who trades on a daily basis. Perfectionism & how it relates to a day trader. I got this idea from one of my traders last week. It was from a guy whom
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I had a recent poll online where I asked traders: “What is the most important element for profitability in your trading?” They had four options. Was it entries? No, entries are not were money is made, it is in the exit with profits (13% votes). So exits are the most crucial? No, size of wins
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