Solve These 5 Problems Right Now

          Doing your best to risk no more than 1% of total trading capital  per trade, should solve these five problems that traders face: If you only risk 1% of trading capital per trade, you will not experience more than a 10% draw down with 10 consecutive losses. If your trading system is robust, you are unlikely to lose more than … [Read more...]

10 Ways To Manage Trading Stress

10 Ways to Manage Trading Stress

  Stay calm. Never trade position sizes that cause you increased anxiety. Stay within your comfort zone. Keep perspective. Keep in mind that one losing trade does not a failure make. If you are risking 1% of your trading capital, it should only be one of the next 100 trades. Stay comfortable. Make sure you are physically comfortable and relaxed while trading. Good … [Read more...]

How I was Wrong but Still Made Money Today

          "Plans are plans until they aren't. Don't confuse trading ideas with prophecy. You don't know the future. Unless you cause it." -Curtis Faith This morning I went in very biased about buying Apple long, my mind was clouded with the support level of the 50 week moving average holding up perfectly yesterday and in the pre-market. Looked … [Read more...]

Ten Different Types Of Traders. Which One Are You?

          In the markets there are many different types of traders and many motivations that drive them.  Everyone has heard of  different types of traders based on their trading method: Swing Traders, Day Traders, Momentum Traders, etc. But what about different types of traders based on their psychology, their purpose And motivation?  Some trade … [Read more...]

Trading: Mistakes versus Losses. 10 BIG MISTAKES

          Lose your money,but keep your discipline. Trading is about following a method, system, or rules that give you an advantage over other market participants in the long run. There are good bets and bad bets. There are traders who follow a trading plan with discipline and others that start trading out of fear and greed after strings of losses … [Read more...]