In ancient times, a king had a boulder placed on a roadway. Then he hid himself and watched to see if anyone would remove the huge rock. Some of the king’s wealthiest merchants and courtiers came by and simply walked around it. Many loudly blamed the king for not keeping the roads clear, but none… Read More »
Trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, you also have to be able to execute your trade as per your rules and trading plan. Market will always test you and any trade your become overconfident market will give… Read More »
So how much can other people affect your trading? \ There is one characteristic that seems to separate the great traders from the average ones. The great ones realize what kind of problems that a lack of confidence can present, so they don’t even risk a shattered ego. How? They keep their trading activities to… Read More »
About ten years ago, a young and very successful executive named Josh was traveling down a Chicago neighborhood street. He was going a bit too fast in his sleek, black, 12 cylinder Jaguar XKE, which was only two months old. He was watching for kids darting out from between parked cars and slowed down when… Read More »
Elite performers in all competitive fields study the past to help improve their ability in the future. The same goes for elite traders. Today we will disucss 3 reasons why you should keep a trading journal. You’ve most likely heard it before that journaling can be used to improve your trading, but for whatever reason… Read More »
Think back to a time when you had a losing trade, or made an error with your trade execution, or had a bad trading day. Who was responsible for the result that you got? The market? The Trading Guru You Follow? Your Friend whose analysis went wrong The trading platform you were using? The room… Read More »
Source: Korean fable Once upon a time, a young wife named Yun Ok was at her wit’s end. Her husband had always been a tender and loving soulmate before he had left for the wars but, ever since he returned home, he was cross, angry, and unpredictable. She was almost afraid to live with her… Read More »
The goal of trading is to make money by forecasting future price movements.This is inherently difficult because, as human beings, we cannot tell the future. Surely many new traders analyze data announcements, or economic reports with the goal of buying cheaply before prices may run up, or selling ‘expensive’ before prices move lower; but those… Read More »
Source Looking at Mirror One day all the employees reached the office and they saw a big advice on the door on which it was written: “Yesterday the person who has been hindering your growth in this company passed away. We invite you to join the funeral in the room that has been prepared in… Read More »
If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can’t… Read More »