Eric Barker has a new article (link here) on how to win every argument. The article had a point which made me think whether the same situation happens in trading. So it quoted an experiment by psychologist Drew Westen, which showed to supporters, footage of their favorite candidates completely contradicting himself. The experiment found that as… 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 »
One of the most frustrating things a trader can experience is being dead on right about a trade, taking it, BUT.. still losing money! How can this be? This can happen in five different ways, each of the first four contain a lesson for better planning the fifth way to lose money in this list… Read More »
The foundation of trading is interconnected As most traders know, trading is finding the correct equilibrium of proper risk management, good analysis and trade strategies, efficient money management, and a balanced (trading) psychology. A trader cannot be successful if one of the elements is not sufficiently developed. Similar to a building, if one of the… Read More »
1. Don’t try making sense out of it. You’re in an insane asylum – things are not going to make sense, people will do things that don’t make sense, that they cannot adequately explain. People don’t know what makes them tick, only that they tick. 2. Happiness, of course…is all in your head. If you… Read More »
Trading seems so easy: Find a good setup, place a bet, close out the trade and take home the profits. Enduring trading success is easier said than done, however. Trading experts note that even those traders who achieve early success don’t maintain it. It’s easy to make a series of profitable trades early in one’s… 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 »
Trading isn’t easy, especially if you’re trading for a living. No matter how simple, powerful, and proven a great trading system is, there are always going to be times when your fortitude is tested. There are always going to be times when the market chews you up and spits you out. At such times, you… Read More »
• In life, if you risk everything enough times you will eventually lose everything. Instead, just move in the direction of your goals every day, so even with setbacks, in the long run you will get to where you are going. • Before making any decision in life, the question: “What do I have to… Read More »
Fear, hope and greed are probably the three most common emotions traders deal with. Holding on to losers, exiting too early, or jumping in before confirmation are just a few examples of the things we do when emotion manages our trades for us. Trading without well-defined boundaries can be tempting, especially when things like intuition… Read More »