When success starts knocking at your door, what do you do? Do you embrace it with open arms, relish it in the moment, and use it as a stepping stone to reach greater heights? Or do you let fear and doubt creep in, sabotaging your own progress and hindering your potential for growth? Let’s face…
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,”…
Feeling inspired is a great way to start any endeavor. It gives you the motivation to take the first step towards your goal. However, if you’re aiming for something significant, inspiration alone won’t cut it. If it were that easy, everyone would achieve their New Year’s resolutions, and trading wouldn’t be affected by Murphy’s Law….
A trading plan is a roadmap for traders that helps them stay on track when investing in different instruments in financial markets, such as stocks, or options. It outlines the goals, strategies, and risk management procedures to be followed to achieve profitable results in trading. The success of any trading plan depends not only on…
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…
Do You Have the Discipline to Trade for a Living? That’s the question for the ages isn’t it! To succeed in this business, you are going to have toget an education. You are going to have to develop a trading plan that includes strategies andmanagement techniques that you will have learned during your education. You…
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