As professional traders most of the hard work is done when the market is closed. We go over our trades, review them in detail and find the spots where we can improve,or where we might have gone wrong. Goal is to improve on your strengths and cut our mistakes. Over time as you eliminate your…
We get a lot of emails every week on the topic of “ leverage “ with that being said we decided we would go into a little bit of detail on how you can use leverage and how professional traders do. Retail traders starting off should learn more about leverage before they start using it….
Many fledgling day traders come to me and they’re shaking in their boots. They hear horror stories about traders that fail — these traders had totally crashed and burned, losing all of their money and ended up completely broke. I tell them two things: One: Some traders do fail and that’s simply a fact of…
Read More “Four Important Lessons to Learn as a Newbie Day Trader” »
As is the case in any business, there are many things to consider and oversee so that your business will flourish. It’s the goal of all businesses to be efficient and ultimately make as much money as possible. Nowhere is this truer than in the trading industry. Even though the cost of entry into the…
There are various opinions about the trading business. Many of which are not exactly positive. So, what’s the real deal…Why are people so negative towards it and why is it that so many traders don’t make it? Is the business really impossibly rigged against us? The simple answer is NO. In fact, trading is the…
Many clients find Live Traders and are amazed at home simple learning to trade can be. Is there a lot of information to digest? Does it take a lot of effort and commitment? The answer to both of those questions is a very serious “yes.” However, starting down your path to becoming a true trader…
You can ask any stock trader and they’ll tell you that sometimes they wish they could see the future. Not just a prediction of the future — no, they want the true power of future sight, whether through a crystal ball or mental visions of what the future holds.Unfortunately, such things are impossible. Stock traders…
Read More “Understanding the Difference Between Fundamental and Technical Analysis” »
We’ve all been there. Trade 1 stops out, trade 2 stops out and maybe even trade 3 stops out. Not exactly the way you had envisioned the day going before the market opened. But the truth is, down days are part of the business. Don’t ever let someone tell you they ‘never’ lose or ‘never’…
In the world of trading, you have to have strong mental acuity to succeed. Many new traders don’t realize that stock trading is a very mentally challenging task. Aspects like trading psychology require an understanding of your own mind and the minds of others. It’s not all facts, figures and a pinch of luck —…
Read More “5 Key Factors to Building a Strong Mindset for Trading (and Overall) Success” »
You don’t have to be a supporter of Modern Western psychology to understand the power of attraction, i.e., the power of our subconscious beliefs and their manifestations in real time. Everything we do and live is grounded on what we indeed think, feel and believe about ourselves, the world and everything else in between. Our…
Read More “3 Steps to Understanding Why Limiting Beliefs Are Holding You Back” »
