The key to success in trading and investing is to be ready to change your bias as the market shows you the way. I learned a long time ago that I could not MAKE the market do what I wanted. Rather I had to learn to read the market charts properly and adjust accordingly. Knowing how…
Many of you who are in your first year of trading have probably found some facts to be true. The market is not conquered by discovering a magical technical indicator. It is also not easily conquered just because you are willing to work at it 20 hours a day. It is also pretty frustrating to…
One basic need human beings have is certainty. We’re always looking to provide a measure of certainty to our lives. It provides for us a ‘warm fuzzy’ feeling to know that we can live day to day and sure that our necessities for survival are met. However, in the markets, there is NEVER 100% certainty…
Trading psychology is an important yet often overlooked aspect of trading. It is a field of study that focuses on how traders think, act, and react in the markets. It is a combination of cognitive science, psychology, and economics. Trading psychology seeks to understand why traders make the decisions they do, and how this knowledge…
I’m going to share something with all of you but first, I want to ask you a question. How do you feel about uncertainty? How does it make you feel inside? When you think about uncertainty, what is the trigger inside you? For 23 years, I was a high profile dating coach. I had a…
In trading a lot of people will tell you that trade management, along with mastering emotions are the most important factors to success. While I agree they are very important to success…they are entirely MEANINGLESS without proper, solid money management. Sadly, this is where far too many traders destroy their trading hopes and dreams…namely in…
You know what’s interesting? Trust. How many times have you back tested strategies and during the back testing, you realized that this strategy actually works! When I was a well known dating coach, I knew a cool guy that used to come and help out at the boot camps. He was great at talking to…
As with most new traders, they have lofty goals, and high expectations, usually in short periods of time. So, your goal of completely quitting or leaving your job in 6 months is definitely possible, but it will be VERY challenging. This is not an easy business. I want to put that on the table right…
Live Traders has helped many novice and experienced traders realize their dream of mastering the markets for both income and wealth. However, despite Livetraders.net comprehensive educational offerings being among the best in the industry, a large number of traders still fail to realize their goals and eventually quit. With such knowledgeable and experienced instructors, how…
Having trouble adhering to your stops lately? Well, for some traders this is a difficult psychological demon to overcome. One that if not corrected quickly will lead to your demise as a trader. Sounds pretty serious, doesn’t it? It is! For those of you who have this nagging problem, you already know the costs. So,…
