This post is republished with permission from Nikhil Dogra from his site: Mourinho’s simple seven-point plan for winning big games (Applied to trading) Mourinho laid out a simple seven-point plan for winning big games (which can be applied in trading) Football’s 7 point plan can be […]
Football/Soccer 7 Point Plan that can be Applied to Trading Read More »
This is a GUEST POST by Steve LeMoine @Turtle_Follower One of the biggest steps I took in becoming a more robust trader was learning how to deal with uncertainty. I wrote a post about something I call the Uncertainty Principle which I urge you to check out…after reading this post of course. In a nutshell
Take the Guesswork out of Trading with this Technique Read More »
Create asymmetry in your trading by using stop losses. Profitable trading only happens by making more money than you lose. Big losses are the main cause of not being profitable. Eliminate big losses by cutting your loss when proven wrong. Have a great risk/reward ratio on entry. Give yourself the potential to make two
10 Habits of Highly Profitable Traders Read More »
Here are the ten steps that show you have moved from a newbie trader to trading more like a professional: You take you stop losses with little stress or emotional turmoil. This is a sign you are trading with the right position size and accepted losses as part of doing business. You have stopped taking
A Traders 10 Steps from Amateur to Pro Read More »
There is a big difference between trading up trending markets versus range bound markets. Different signals are profitable in different markets. In up trending markets you can buy high and sell higher profitably, in range bound markets you are rewarded for buying weakness near support and selling near resistance. In up trends a price gap
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There are many trading books that discuss the principles and philosophy of trading, and I have read hundreds of them. Here are five books that discuss actual systematic ways to trade price action. Here you will find specific trading models with potential buy and sell signals. These are great places to start on your path
5 Books That Give Specific Trading Systems Read More »
Once we have a proven system, our system’s profitability is not based on our personal ability to trade it. The market environment of trending, range bound, or volatile is what makes our method make money or lose money. Sometimes, we have a perfectly good system and lose money because our method is not viable. A
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The right mindset Your have to be able to manage your emotions. You have to have faith in your ability to trade your plan with discipline. You have to do enough homework that you will have faith in your system and your prospects of being profitable. You must manage your stress so you don’t make
The 12 Requirements for Profitable Trading Read More »
1. A winning trading system must either be designed to have a large winning percentage of trades or big wins and small losses. 2. Your trading system must be built on quantifiable facts not opinions. 3. Start with the weekly price chart to establish the long term trend, and then work down through the daily
10 of the Worlds Most Powerful Trading Rules Read More »
Every Spring, it rains in Nashville. A lot. This Spring is no different, with torrential rains flooding our neighborhood. It’s annoying when it happens, and sometimes, even dangerous. But ultimately, it brings us necessary rain, and almost always gives us something very special: a rainbow. A rainbow is a sign of new beginnings, and
What Rainbows Can Teach Us About Trading Read More »