The most famous last words for the average trader: “I’ve got it figured out.” The moment you believe this, you create the conditions for a long and difficult downswing. It’s not superstition. It’s about the way you carry yourself. What you need to know is that when you believe you’ve got everything figured out and…
In this article, we’ll be diving into the art of drawing trendlines. They are powerful tools that can help you identify patterns, predict future price movements, and make smarter trading decisions. They also help identify and validate price trends, enabling you to anticipate potential reversals or continuations. This article serves as a comprehensive guide to…
Bottoming and topping tails are my favorite pattern enhancers. They can even be used as patterns on their own as discussed in the article. However, that should only be done with experience. In the article I talk about bottoming tails, but everything discussed can be applied for topping tails, in reverse as well. As you…
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Are you constantly trying to improve your trading or at anything really? If you are, are you having success? If not, you might be going about it all wrong. I’ve watched many break-even traders for a long time and what I notice is that they are good at a few things. Unfortunately, those few things…
Being present in the moment is crucial for success in any endeavor, and trading is no exception. In the fast-paced and unpredictable world of financial markets, maintaining a state of presence can make all the difference between profitable decisions and costly mistakes. Presence in trading refers to the ability to fully engage with the present…
When success starts knocking at your door, what do you do? Do you embrace it with open arms, relish it in the moment, and use it as a stepping stone to reach greater heights? Or do you let fear and doubt creep in, sabotaging your own progress and hindering your potential for growth? Let’s face…
Feeling inspired is a great way to start any endeavor. It gives you the motivation to take the first step towards your goal. However, if you’re aiming for something significant, inspiration alone won’t cut it. If it were that easy, everyone would achieve their New Year’s resolutions, and trading wouldn’t be affected by Murphy’s Law….
A trading plan is a roadmap for traders that helps them stay on track when investing in different instruments in financial markets, such as stocks, or options. It outlines the goals, strategies, and risk management procedures to be followed to achieve profitable results in trading. The success of any trading plan depends not only on…
Do You Have the Discipline to Trade for a Living? That’s the question for the ages isn’t it! To succeed in this business, you are going to have toget an education. You are going to have to develop a trading plan that includes strategies andmanagement techniques that you will have learned during your education. You…
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Creating a sound trading plan is essential for any trader who wants to be successful. Establishing and adhering to such a plan will pay long-term dividends, as it will help traders define their goals, minimize risk, and manage their emotions while trading. A successful trading plan should be highly detailed and should include risk management…
