Trading in financial markets is a challenging endeavor that requires more than just technical knowledge or access to the right tools. The difference between traders who consistently succeed and those who struggle often comes down to daily habits and behaviors. While strategies and market conditions may vary, successful traders share standard practices that form the […]
10 Habits Of All Successful Traders Read More »
Trading success isn’t about finding a secret strategy or following hot tips. It’s about understanding the mathematics behind every decision you make. While no formula guarantees profits, these ten mathematical concepts form the foundation of sustainable trading performance. Mastering them can mean the difference between consistent growth and watching your account slowly drain away. 1.
The 10 Formulas for Profitable Trading Read More »
10 Key Trading Skills To Become A Successful Trader Technical Analysis Trade Management Risk/Reward Ratio Risk Management Trading Psychology Backtesting Historical Chart Studies Sentiment Analysis Trend Analysis Trading System Development 1. Technical Analysis Technical analysis is the art and science of reading charts to quantify the trend or trading range the price action is in,
10 Topics to Master To Become a Profitable Trader Read More »
Trading can be a very expensive educational process for professionals from other fields that feel like they are smart enough to beat the markets with no experience. In trading, we are competing against professionals and people that do it for a living have an edge. The only way to make money is to have an
How To Win The Game Of Trading: 6 Lessons Learned After 30 Years Of Trial And Error Read More »
I got very lucky when I started out trading in the early 1990s as tech stocks stayed in uptrends and continually made new highs in price after each dip. Buying the dip and holding worked repeatedly much like it did in last few years in both stocks and crypto. However, after the dotcom bust of
I Became a Profitable Trader After Doing These 5 Things Read More »
Here are the big primary five keys to becoming and staying a great trader. These are the most important principles I have learned over 30 years in the financial markets and the 30-year veterans I have studied also almost all touch on these five keys in some way. 1. Consistency of execution. After you have
5 Keys To Being a Great Trader. Rules of a 30 year Veteran. Read More »
According to many studies by brokers I have seen 90% of traders lose money over the long-term, some brokers say it is higher or lower but the range is typically in that area. There is a popular saying in the trading world that “90% of traders lose 90% of their money in the first 90
90% of traders lose money… So how to be in the top 10%? Read More »
Here are five of the most important lessons I learned early on in trading that could help others just getting started or traders that are frustrated not being able to achieve profitability. 1. Trade small when you are starting out. When you are starting out as a new trader: “Trade small because that’s when you are
5 Things I Wish I Had Known When I Started Trading Read More »
This is a guest post by Cory Mitchell, CMT of tradethatswing.com. Most traders DO lose money. Social media makes it look easier than it is because so many people are posting their winning trades. Availability bias is believing information you see most. Seeing it most doesn’t make it true. Losers just tend to be less public
Why Most Traders Lose Money Read More »
Most studies show that 90% of traders and investors don’t make money over the long-term. The majority of traders, even if they get lucky and profitable early just give back those gains over time. Even buy and hold investors can become shaken out of their long-term plans to not sell when a vicious bear market
How To Win The Game Of Trading: 6 Lessons Learned During 30 Years Of Trial And Error Read More »
By Scott Redler What is your goal as a trader? To make $1,000 a month? $1 million a year? No matter how big your goals are, you have to start by not losing. You have to start by avoiding common mistakes that can take away your money, your confidence, and your pride. So let’s go
13 Reasons Why Traders Fail Read More »
Here are some great trading statistics researched by Rolf of Tradeciety and Austin Silver. Here are 40 statistics and data on traders that you may have never heard about.[1] 80% of all day traders quit within the first two years. Among all day traders, nearly 40% day trade for only one month. Within three years,
Why New Traders Lose So Much Money: 40 Statistics Read More »
Is forex trading profitable? Is day trading profitable? Are commonly asked questions by new traders but the answer can be yes or no depending on how someone trades. Yes, trading is profitable if you have a positive expectancy model where the average win is bigger than the average loss over a series of trades. Profitability is
How to be a Profitable Trader in 7 Steps Read More »
This is a guest post by PattensWizard on Twitter. “No one can predict the market consistently. It is all about odds, statistics, probabilities, and avoiding the risk of ruin.” – Henri Simoes I believe this popular quote from Henri Simoes sums up trading in the best possible way. In life, trading and everything else, if
Trading is a Game of Odds Read More »
What traits separate the minority of profitable traders from the the majority of unprofitable traders in the markets? Here are the 12 key traits I have seen and studied over the past three decades in the financial markets that separate successful traders from the unsuccessful ones that don’t make it. From the start the traders
The Anatomy Of A Successful Trader: 12 Key Traits Read More »
First principles thinking inverts complex problems to look at each step in a process or system. It seeks to find errors as places for improvements by looking at the most basic principles that lead to success or failure. You must remove opinions, beliefs, assumptions, traditions, and predictions to see the essential core principles of a model
First Principles Thinking Read More »
Profitable trading is simply making more money on your winning trades than you lose on your unprofitable trades. Profitable trading is not about being perfect and making money on every trade. It is not about predicting the future, making a great call, or any one big trade, it is all about the math. Here is
Profitable Trading Step by Step Read More »
A good trader should improve with every trade. The focus for any trader should just be to make the next trade a good trade. Profitable trading comes from stringing together a lot of good trades in a row. A good trade is one that has a good risk/reward ratio on entry when you consider the
Improve With Every Trade Read More »
Most new traders never make it through the learning curve and traders that are successful early on at making money only discover that they were lucky and did not have the skill they thought they did. Traders go through many stages in their development and they can’t skip a step, they must learn the lessons
Stages of a Trader Read More »
The profit factor for a trader or trading system is determined by taking the gross profit of winning trades and dividing it by the gross losses from the trades that lost money for a chosen sample size. This formula considers the cost of slippage, fees, and any commissions paid. The profit factor can be defined
What is a Profit Factor in Trading? Read More »