This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Today we’re going to answer the question, should you trust your instinct when trading? And we’re going to use Wendy Rhoades […]
Trust Your Intuition? – Billions Trading Lessons 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. If You Had to Stop Trading Tomorrow How Much Would You Miss It? How easy will it be to replace it? What else would you do? Will you try to replace it with another
How Much Would You Miss Trading? Read More »
Here are ten trading truths you have to come to terms with and overcome to trade profitably long term. The markets change, all signals do not work in all markets. What worked in a trending market may not work in a range bound market. Bear markets and corrections will try to take back a lot
Here are the seven sins that traders commit that put them in the unprofitable purgatory of the markets. Sloth: The belief that trading is easy money new traders to be lazy and not put in the work at first to develop their own trading system and plan before trading. Work is required to learn how
The 7 Deadly Trading Sins Read More »
There are two kinds of traders: 1. Those who are humble. 2. Those who are going to be humbled. In the markets competence must come before confidence or the market will give you an expensive education. No one can predict the future prices of markets the stronger the belief that you can then the harder
Why Arrogance is Expensive in the Markets Read More »
“I’ve found that the big money was never made in the buying or the selling, was made in the waiting.”– Jesse Livermore You have to wait until you have a profitable backtested system and signals before you start to trade. You have to trade price action with a historical edge or your trades are just
5 Things a Trader Has To Wait For Read More »
10 Ways To Reduce Stress: Don’t respond to negative people: You do not have to answer to people that do not understand what you are trying to do with your life. The odds are that your critics and naysayers have no idea how it will be possible for you to achieve your goals. Get exercise:
10 Ways To Reduce Stress Read More »
Stop hoping and stop wishing you had magically known what to do in the past and start following your trading plan 100% in the present. The clarity of a past historical chart is 20/20 but that has nothing to do with the real time chart that abruptly stops giving you information on the far right
How To Stop Trading With Regret & Hindsight Read More »
This is a guest post from Tino @tradersreality the article originally appeared on tradersreality.com and is reposted here with permission. Make no mistake, the truth is that every new and old trader has experienced the battle of when to close a trade that was bleeding their capital. In my opinion, the difficulty in letting go of
The Battle To Close A Losing Trade… Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. As with any new aspiring trader looking into the chaotic world of Forex, they will browse the internet on “How to Trade Forex”, find a system, purchase it, use it, then probably give up on it
Focus On Your Execution, Not the Market Read More »