“For every style of trading there will be a “perfect” market environment. When the market is aligned to the strategy that you are trading, every trade will work itself out smoothly, losses will be far and few between, and you will feel on top of the world as you watch your profits accumulate! ……Sooner or… Read More »
1. Have a regular trading review Make it a habit to review your trading. It’s important to be completely honest with yourself when assessing your performance. Ask yourself questions such as: What are my trading strengths? What are my trading weaknesses? Was I able to stick to my trading plan? Have I achieved my past… Read More »
Self-awareness Self-awareness is a character trait that is important for being successful, not only as a trader, but in life in general. Self-awareness means that you are aware of yourself. This can include your strengths and weaknesses or your current state of mind and your emotional status. Daily self-awareness and the ability to assess your… Read More »
One of the most difficult things to get traders to understand is that no matter how much they research apply n number of indicator, they will probably do better if they did less and follow a single strategy. We as Human beings are wired to accumulate and analyzed lot of information ,This is certainly counter-intuitive, when… Read More »
Trading successfully is not an easy game. Many people may think it is a difficult venture due to the fact that it is a complicated process and the markets move much too fast. There may be a little bit of truth to that, but in reality the downfall of most traders lies in the fact… Read More »
If you want to be a winner trading in the long run there are THREE elements of trading that you must have in place. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader. These… Read More »
Everyone makes some sort of New Year’s resolution. And, 90% of them fails at following them for very long. The problem with such resolutions is, they are made because you already have trouble sticking to them, so one more promise is not going to change things for very long. But if this year was different,… Read More »
As the finale of 2015 approaches, we are each presented with an opportunity to reflect back while looking towards the future. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution. What are our top trading resolutions for… Read More »
In my decade-plus of working with both markets and traders, I’ve seen many things change and just as many things remain the same. Markets continually change, traders never do. Or at least we should say, human behavior expressed by traders never does. One of the most important things we can do for ourselves (which no… Read More »
Trading losses can end a career in a matter of a day, an hour, or in extreme circumstances even a few minutes. Here I outline some of the ways I have dealt with losses in the past and how I got over the hump. 1. Stop Trading Immediately – Pull your hands off the… Read More »