“You learn to distinguish the good traders from the bad, the successful techniques from the unsuccessful, and the good habits from the faulty. You also learn to distinguish the lover from the fighter, the winners from the losers, the serious from the frivolous, the cerebral from the superficial, and the friend from the foe. But […]

  The long term and intermediate term trend are both starting to become range bound here. 100 day ema hold and bounce last week was bullish short term. 50 day ema broken to the upside again was bullish. 5 day ema has almost crossed over the 21 day ema which could lead to a short

                            What is the overall direction the market is moving with in your time frame and the larger time frame? What time frame will you be trading with your next trade? What is your entry signal and what is its historical performance

                While having a great trading method is a good start and managing risk is a must for long term survival the element of a strong mental edge is a must for a winning trader. The ability to manage stress, losses, losing streaks, the ego, and even big

                          This blog post came from a suggestion from  Andre Du Preez and many ideas were added by my facebook traders group. Thanks to all that added value to this post, Simon Goodchild, Brian Chang, Scott Gibbons, Harry Lamborn, Lisa Wareham, Stephen Doubell,

                        A decision on what specific markets to trade. A developed robust trading system to trade that fits the traders personality and risk tolerance. An understanding of the expected winning percentage of trades in the system and maximum expected draw down of your trading

                  Admitting that you are wrong the moment price action tells you that you are and getting out of a bad trade. Being patient and waiting for your entry signal and the patience to let a winning trade go as far aw it wants to before you