How many strategies do you need to succeed at trading? There are hundreds, perhaps even thousands of strategies you could readily find with a simple Google search. If you were to take these, along with the hundreds of indicators that exist, market inflections, economic reports, seasonal events…on and on, the combinations of possible strategies is […]
What is a mental model? It’s a way of thinking and acting that helps us work through problems, situations and opportunities. We use mental models so that we can simplify and make sense of the complexities in the world around us. The persona who has at their disposal a large number of these models, with […]
Trading is an adventure for the individual. Sure, you can learn a methodology, go to a school and learn their Turtle Trade, it may work and it might not. The truth of the matter is that over time you’ll find things that work for you, and other things you wish you could have avoided. All […]
What is a good trade as opposed to a bad trade? A good trade is one that you got in to for all the right reasons, you followed your plan and you executed the strategy. Your ultimate goal, your primary objective, your path to becoming consistently profitable, is to make one good trade after another, […]
Adhere to fundamentals, Innovate, Transcend. -The Master Trader If you are going to take this course on, then you need to be straight with yourself, and realize which stage of development your are in. And without knowing you, it’s hard to make a judgement…obviously. However, in my experience, I have rarely met a trader, even […]
“Genius is eternal patience.” – Michelangelo The first rule of patience in trading is that waiting is trading, and that no position is a position. There are times when the most profitable thing you can do is to wait for your trade to setup, and to pass on a trade that does not setup. The […]
There’s a way to becoming a consistently profitable trader. Here are 7 tips that encapsulate much of what we talk about in our Master Trader Class.
