How can you stop from cutting your winners too early? We all suffer from that anxiety of holding onto a winning trade, we’re in profit, and things start getting a little volatile, then price starts heading the other way…but you’ll be damned if you let this profit go, so you jump out of the trade, […]
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 […]
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 […]
What is my trading style? How do I find it? Your trading style has a lot to do with your life style and what makes you happy or energized. For some people that’s sitting in front of the screen all day looking for short term imbalances from candidate stocks or futures and grabbing a few […]
Everyone who knows will tell you that trading is mostly about your personal psychology, your state of mind. Some would say as much as 90 percent contributes to your success or failure. This makes sense as with any high-skill endeavor, like competitive sports or thinking games like chess, all depend upon a high level of […]
There are a lot of things you could do to make yourself into the trader you want to be. And it’s all about creating the right behaviors, the right skills, the right habits. What we’ll talk about here are habits that you need to get into to become a consistently profitable trader. This is perhaps […]
The very first thing you need under your belt before you can become a top performer, in what ever field you work, a sport or personal endeavor, is how to create good habits. Without the ability to create good habits and having good habits, you are flying blind. Top performers are there because they’ve already […]
