“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 loss is due to your lack of discipline, causing your system to […]
5 Things That Educate Traders Read More »
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
20 Mental Trading Edges Read More »
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
My Take On Trading Read More »
This is a guest post by Francois Normandeau This is a fictional story. Tom’s diary. Year 1: I decided to become a trader. I want to get rich quickly and easily and retire next year. I always liked catamarans and maybe I can date models. Year 2: Since I decided to become a trader, I
A Traders Diary: Guest Post Read More »
Regardless of how we make money there are specific reasons why people get paid. Understanding why we get paid is crucial to understanding how to be prosperous. Most shopping mall sales clerks get paid for their time. Their job is primarily to be there and ready to take care of customers if needed. Managers get paid
“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will
The Anatomy of a Good Trade Read More »
Here are the best answers from my Facebook trading group when I posted the following question: What is one of your bad trading habits that causes you to lose money? Underestimating the possibility of volatility expansion at times and taking too big a position size. Overly optimistic that the market will trend well… only to reverse.
22 Bad Trading Habits Read More »