It is often said that death and taxes are the only two things that are certain in life, but it is fair to say that failure should be added into the mix. There is not a single person in the world who has the ability or the foresight to go through life without ever taking…
Day trading is not for everyone. Day trading attracts people because it presents the potential for a considerable amount of profits. For those who choose to go into day trading, they are lured in not just by the promise of financial success but by the thrill as often described by experienced traders. Mastering day trading…
There was once a Chinese emperor who assembled a few of his most trusted ministers and issued this command: “Travel throughout the world, gather all the wisdom you can find, and assemble it in one place here in the royal city.” The ministers set off, north, south, east and west, accompanied by soldiers, servants, carriages…
If you’re new to the investing world, your experience is probably limited or non-existent. Perhaps you’ve decided to become a trader because you have a friend who is one who talks about how exciting the stock market is and of course, the gains. Or maybe, you saw stock market trading in a movie and it…
Traders feel equipped as they familiarize themselves the inner workings of stocks and market fundamentals. They may understand the benefits and limitations of technical analysis and can dissect patterns, trading volume and make sense of price movements but it is not enough to become a successful trader. Traders find themselves in high-intensity situations, darting in…
Read More “Trading Psychology: 5 Core Traits of Successful Traders” »
Despite our best efforts to avoid it, there is no denying that there is an emotional rollercoaster that traders ride thanks to the market cycles. Traders want to maximize gains and minimize losses. However, it is easier said than done especially when factors like emotions come to play. And because lifeless robots do not run…
Trading Excellenceis mundane. Superlative performance is really a confluence of dozens of small skills or activities, each one learned or stumbled upon, which have been carefully drilled into habit and then fitted together in a synthesized whole. There is nothing extraordinary or superhuman in any one of those single actions; only the fact that they are done consistently, correctly,…
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” »
