Give this quote some time before reading on. “Most men die at 27, we just bury them at 72.” This quote was originally from Mark Twain. I hope that you all took some time to give this quote some thought and didn’t just assume I was trying to give you a chuckle. If you give…
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,…
Trading is a wonderful business. As each year passes more and more people are discovering this amazing industry. The freedom, flexibility and potential income can all be fantastic, IF you’re able to last! Success will not come overnight; it’s the steady, consistent trader that will succeed. There is no easier way to achieve this than…
I talk a lot about emotions in these articles. Why is that? Mainly because emotions are what is going to cause you to lose or make money on any given day. To succeed you need to trade with as neutral a frame of mind as you can muster. With everything going on in the world…
There are many things to consider before taking a trade, which, especially for newer traders can become quite overwhelming. Having successfully traded the markets for over 12 years, and having taught thousands of traders, on too many occasions I have watched traders make poor decisions usually because they missed or ignored an important step in…
Read More “Forget the Market! The Benefits of Anytime Trades” »
I’ve written before about trader burnout and the need to take time off. But I think burnout can be caused by more than working hard. Many traders have fallen into the technical traders’ trap. They are out of shape, have no business plan or trading goals. They typically trade emotionally and many jump around from…
Read More “Add Balance to Your Life and Celebrate Progress” »
Many times, when people embark on a new endeavor, they become so excited about the bigger picture that they forget about the smaller details. Trading is a very challenging and demanding business. However, many people think it simply involves waking up 30 minutes before the market opens and ends when the market closes. How nice…
One of the things we focus on the least when we begin to learn to trade is dealing with our emotions. This is a sad situation because dealing with emotions is probably the most important part of what we must do on a day-to-day basis. If you don’t have a sound emotional game, you won’t…
It has often been said that successful trading is almost entirely about mastering emotions, which is why so many people struggle to make it in this industry. While I generally agree with this statement, what most fail to understand is why they do what they do, and why they believe what they believe. You see,…
How do you view your world? Is it a fantastic place where you can become anything you want, or is it a horror movie that just won’t end? You see, our beliefs and opinions shape our world, not the other way around! People who let their environment control their outcome in life are simply giving…
