This is a Guest Post from Rolf @Tradeciety (He has some of the best content and trading graphics on twitter). “You only learn from your mistakes” is a very dangerous and misleading statement. And at the same time, it is totally wrong. In fact, there is so much you can only learn from your winning […]
What Your Trading Results Can Teach You. Read More »
Today I would like to explore three concepts in trading that many traders have never thought about. Fragility, robustness, and anti-fragility are concepts that describe a trader’s psychology, risk management, and method. Here are some general definitions: Fragility is a word used to describe something that is easily broken, shattered, or damaged. It means
Traders Must Bend But Not Break Read More »
There is a big difference between a trader and a gambler. Many people think they are traders when they are really just gamblers that could get better odds in Las Vegas betting on the roulette wheel than what they get in the financial markets. The difference between a trader and a gambler is similar to
10 Keys to Being A Trader, Not A Gambler Read More »
Many new traders entering the trading game can’t get the right answers because they aren’t asking themselves the right questions. Much of the success traders experience is attributable to how well they know themselves. This insight for you will come from the quality of the questions you ask, and how honest you are willing
A New Trader’s 10 Questions Before Trading Read More »
Many new traders entering the trading game can’t get the right answers because they aren’t asking themselves the right questions. Much of the success traders experience is attributable to how well they know themselves. This insight for you will come from the quality of the questions you ask, and how honest you are willing to
10 Things A New Trader Should Know From the Start Read More »
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros Looking at the below chart you will see that the bigger your wins are versus your losses the lower your winning percentage can be and you
Why Big Wins & Small Losses = Profitability Read More »
As we all reflect on 2014, it is important to ask ourselves what we learned from the choices that we made while trading. The best way to do this, is to choose your most successful trade and your worst trade of the year. By dissecting the specific actions you took during your trades,
2014 Trading Recap Read More »
When I asked my Facebook trading group what was the cause of their biggest trading losses, no one had any trouble remembering those painful and valuable lessons. These top 30 insightful answers will benefit new traders and provide a nice reminder for those with more experience. “What was the cause of the biggest draw downs
35 Top Destroyers of Trading Capital Read More »
This guest post is from: Christopher Ebert @OptionScientist There are two VERY DIFFERENT terms to consider when it comes to trading: 1) Prediction and 2) expectation (or confidence) surrounding the prediction. Placing a trade involves making a prediction. It is not possible to place a trade without making a prediction, and that is
Trading: Predictions vs. Expectations Read More »
Subjective: Based on or influenced by personal feelings, tastes, or opinions. Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders are intertwined with their trades. They generally enter out of greed and exit based on fear. They believe in their opinions more than the actual price action. They
10 Things Traders Must Quantify Read More »