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 »
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 »
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 »
Step 3 – The Eureka Moment Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that it is actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right. You… Read More »
Trading has been a heck of a journey for me. I came in for the money at first and now after all these years I’m still in but my motives have changed, I’m in for the game. Trading has been a long journey of self discovery for me, something I never even thought I would… Read More »
Only six percent of the people who attempt to become professional traders actually succeed. Why do most fail? Lack of passion When people come into the world of trading many think that they only need to learn a strategy and follow the rules of that strategy. And, there are some people who actually do this… Read More »
During our training sessions with students we are very specific to make them understand you have lost money not because of market but the main reason is Your brain doesn’t like to lose.Its all there in your subconscious mind which is responsible for profit and loss for a trader. Brain remembers everything. How you trade… Read More »
“A trader is the weakest link of any trading system” (Alexander Elder) During one of my trading Seminar a student asked the following “After 4 years of winning and losing hundreds of trades and blowing out several accounts both demo and live, trying different systems, experimenting with many strategies, I am still unable to achieve… Read More »
In Continuation with Previous Article Internal confidence, on the other hand, is not based on the outcome of your trading results. Internal confidence is process based. It comes from three things you have complete control over: 1. Knowledge you acquire, 2. Skills you develop, 3. Ability to apply your knowledge and skills in the market.… Read More »