Where do our greatest trading mistakes come from while we are trading the financial markets? They arise primarily from within. It is not the price action that causes our missteps and mistakes but our response to the price action. Your ego will cause you to allow a small loss to grow into a big loss […]
Where Do Our Greatest Trading Mistakes Come From? Read More »
The key to learning and growing as a trader is to learn from mistakes that you make and not repeat them. The first time you commit an error that costs you money is just a mistake the second time is stubbornness, the third time you make a mistake is foolishness. You can be active in
10 Important Trading Lessons & Tips Read More »
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. Drawdowns are very difficult. Peter Brandt understands this. He’s had some very large, extended ones… and he’s a market
Emotional Management for Drawdowns Read More »
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. There’s many different ways to make money in the market. But whatever method you’re using, it comes down to 3 types of
Three Different Trading Edges Read More »
We’ve mentioned how trading is very similar to poker before on New Trader U. Today, let’s delve into these similarities and the key takeaways that traders can apply to their everyday profession. From the get-go, you can already notice that it’s all about mindset. Here’s what traders can learn from this popular card game: 1.
5 Lessons Poker Can Teach Traders Read More »
We often hear of trading with an edge, but how do we know for sure we have an edge in our trading? How do we know that the odds are in our favor and that the more we trade, the more our accounts will grow? An edge is a definable advantage over your competition. If I
Top Ten Edges a Trader Can Have Read More »
This is a Guest Post by Akil Stokes There’s an old saying in the trading industry that goes “90% of traders will lose 90% of their money within the first 90 days of trading.” Whether these numbers are accurate is debatable, but something that we can all agree on is that the failure rate of prospective
Trade Like a Heavyweight Champion Read More »
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. Stitch Fix (SFIX) is undervalued here. Our team is looking at potentially opening a position in the company. The video
Amazon Can’t Kill Stitch Fix Read More »
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. Are you investing or gambling? That’s the question you need to ask yourself. In this video I’ll use the example from the
Are You Gambling Or Investing? Read More »
The magic of successful trading is not in someone giving you a trade. It is not in forecasting, predicting, a hot stock tip, or any one big trade. Successful trading does not come from gurus predictions or financial. Trading is a profession whether part time or full time it is about you, your risk tolerance,
Trading: Where the Magic Happens Read More »