Having a positive mindset is an essential characteristic of successful traders. While trading cannot be reduced to simply having a positive attitude, having a positive mindset is an important factor in gaining long-term success and managing difficult market conditions. In the following essay, we will discuss the importance of mindset for traders and the implications…
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…
In my 20+ years as a trader and trader coach what I’ve learned is that trading is never easy. It’s hard when you’re losing, where it feels like nothing is going right. It’s also hard when you’re winning, where it starts to feel so natural you just let yourself slide a little, stop doing the…
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…
Risk: To expose (someone or something valued) to danger, harm, or loss. The other day while reading through the trade reviews I came across a post of one of our team members who pointed out how his emotions had changed once he raised his risk. He realized his focus went from being process oriented to…
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…
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…
