Trading is a completely different animal entirely. I’m not condemning any approach to the markets at all. Cycles work, astrology works, Elliott Wave works, Gann methods work, trend line breaks work, technical analysis works, fundamental analysis works, moving averages work, oscillators work, chart patterns work, etc. However, no approach, no matter how good, will work… Read More »
Steve Jobs (1955–2011, 56), founder of Apple Inc, gave this amazing and inspirational speech to Stanford University graduates on June 12, 2005. I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I’ve… Read More »
What is Risk? Risk is exposure. In trading, risk refers to exposure to the price changes of a stocks/index. Often, risk makes people wary of trading stocks, commodities, or currencies. It is true that risk is an integral part of every trade. In other words, there is no such thing as a “risk free” trade.… Read More »
The little country schoolhouse was heated by an old-fashioned, pot-bellied coal stove. A little boy had the job of coming to school early each day to start the fire and warm the room before his teacher and his classmates arrived. One morning they arrived to find the schoolhouse engulfed in flames. They dragged the unconscious… Read More »
Money management is the single most neglected and overlooked key in the trading business. In my experience, money management is by far the most essential element to actually making significant money from the markets! Everyone spends such an enormous amount of effort, trying to find ways to optimize entry into the markets, or develop systems,… Read More »
We are going to Discuss a Case Study (Previous one can be read here) of one of My Student How we were able to help him to get rid of a bad Trading habit as part of Psychological and Performance Coaching, Many of readers would also be facing the same trading problems can learn from… Read More »
I’ve learned- that you cannot make someone love you. All you can do is be someone who can be loved. The rest is up to them. I’ve learned- that no matter how much I care, some people just don’t care back. I’ve learned- that it takes years to build up trust, and only seconds to… Read More »
People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes. The problem is not in being uncomfortable per se, the real problem is that our efforts… Read More »
Source Paul Tudor Jones II: “The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. … If they are going against me, then I have a game plan for getting… Read More »
When a String of bad trades erodes your trading account emotions are high and expectations get lower and lower. Most traders spend a large amount of time fighting themselves on the path to trading success, often without fully realizing what it is they are fighting against.In the end, we know that we have no one… Read More »