Introduction: Day trading, often misunderstood and plagued by misconceptions, is a serious business that holds immense potential for financial growth. As a seasoned trader with over 18 years of experience, I’m here to debunk common myths, shed light on the true essence of day trading, and offer guidance on how to embark on this journey…
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Trading, often glamorized for its potential profits, is equally known for its challenging nature, particularly when it comes to dealing with losses and losing streaks. The emotional roller coaster that follows a significant loss can be overwhelming and can lead traders down a path of impulsive decisions. However, recognizing that losses are a natural part…
Trading is often portrayed as an avenue to financial freedom and success, but it’s important to recognize that it’s not a path without obstacles. Engaging in trading, whether it’s stocks, forex, or cryptocurrencies, presents a myriad of challenges that can make it an incredibly demanding and complex endeavor. Here’s a closer look at some of…
Introduction In the dynamic world of financial markets, trading is an art that demands continuous learning and adaptation. While there are numerous resources available – from books to online forums – nothing compares to the immersive and transformative experience offered by the Live Traders Trading Mentorship. This annual event brings together aspiring and seasoned traders…
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Are you interested in becoming a master at trading? If so, there are a few things you need to keep in mind. First and foremost, it’s important to look at your charts in a new light. Instead of just seeing the green and red people on the charts, try to see them as the people…
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Share sizing is an essential aspect of trading that every trader should master to achieve success in the stock market. However, beginners often make the mistake of jumping into large share sizes without a proper understanding of the patterns or sufficient experience behind the chair. As Malcolm Gladwell said in his book, “The Tipping Point,”…
In this last installment of the Money Management series, we’ll discuss some of the policies in regards to the management of profits which you need to include in your management system. If risk management is paramount to a successful trader, profit management is no less so. After all, you can be very disciplined with your…
Proper money management is one of the key pillars of any successful trader. It’s said that even the best technical trading system, without the help of a sound management scheme for both positions and money won’t take you very far. Some even say that a mediocre technical system coupled with a good money management scheme…
Technical patterns are created by the constant interaction between supply and demand and reflect points in time and price where one group (Buyers or sellers) is likely to take control of prices. Therefore, technical patterns suggest a potential move in a certain direction. The more people that can recognize a certain pattern, the greater the…
Overtrading has become the number one demon for many traders. The reason is not hard to understand. A trader is overwhelmed by the ability to buy and sell large shares of stocks in just a fraction of a second. They have without doubt done some trades where they made large sums of money, perhaps a…
