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, […]
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 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 […]
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 […]
prep-a-ra-tion (noun) The action or process of making ready for use or consideration. Something done to get ready for an event or undertaking. Like so many other things in life, the level of attention paid to trading preparation is not what it should be. Most people are lazy, looking for short cuts, or they simply […]
