“We learned just to go with the chart. Why work when Mr. Market can do it for you?” – Paul Tudor Jones Only price pays. In trading, emotions and egos are expensive collaborators. Our goal as traders is to capture price moves inside our time frame, while limiting our drawdowns in capital. The longer […]
10 Great Technical Trading Rules Read More »
Over trading Most new traders think that they must always be long or short the market. They lose a lot of money during certain market stages like corrections, high volatility, or bear markets. Sometimes the best position is cash. Sometimes the best trade is no trade. Sometimes their is no signal just chaos. Profitable
5 Mistakes Almost All New Traders Make Read More »
This is a Guest Post from Rolf @Tradeciety (He has some of the best content and trading graphics on twitter). “You only learn from your mistakes” is a very dangerous and misleading statement. And at the same time, it is totally wrong. In fact, there is so much you can only learn from your winning
What Your Trading Results Can Teach You. Read More »
You have power over your mind – not outside events. Realize this, and you will find strength.” – Marcus Aurelius The weakest part of any trading system is the trader themselves. To be a successful trader, you must manage yourself. The ability to manage your own physical, emotional, mental, and spiritual health will go
10 Ways A Trader Can Diversify Their Life Read More »
“You don’t trade the markets; you only trade your beliefs about the markets.” – Van Tharp Just like there is no ‘Holy Grail’ trading system that never loses, there is also not one ‘best’ trading method. All trading methods have good points and bad points with advantages and disadvantages. Many traders make the mistake
What Is The Best Trading Method? Read More »
Performance anxiety for traders is the fear, or persistent phobia which may arise in a trader by the requirement to take a real trade, in real time, with real money whether actually or potentially. There are many causes of this anxiety which many times leave a new trader with too much fear to really
Performance Anxiety For Traders Read More »
As we all reflect on 2014, it is important to ask ourselves what we learned from the choices that we made while trading. The best way to do this, is to choose your most successful trade and your worst trade of the year. By dissecting the specific actions you took during your trades,
2014 Trading Recap Read More »
When I asked my Facebook trading group what was the cause of their biggest trading losses, no one had any trouble remembering those painful and valuable lessons. These top 30 insightful answers will benefit new traders and provide a nice reminder for those with more experience. “What was the cause of the biggest draw downs
35 Top Destroyers of Trading Capital Read More »
There is nothing simple or painless about trading for a living. You have to compete in a rivalrous arena, defeat other gladiators, and not get yourself killed in the process. Here are a few ways to become a better trader and overcome your opponents. Face reality- Spend time analyzing what you do and
Two Traders Enter, One Trader Leaves Read More »
Do all the needed homework and research about your trading style before you ever trade any real money. Never trade without a detailed trading plan. You have to know exactly what you will do in response to the price action before the market opens each day. Learn how to maximize winning trades with trailing stops
How To Get In The Top 10% of Traders Read More »
This is a GUEST POST from Rolf @Tradeciety. I am a huge fan of his work. What You Know Versus What You Think You Know About Being a Trader 1. What Is Trading? Your first stage of being a trader is when you have no clue what trading is but you really like
New Traders Need To Know This: Read More »
Guest Post by JB Marwood @MarwoodJB on Twitter. It was 10:30 AM and I’d already been through so many round trips I could probably claim back a flight to Las Vegas. We’d previously been told not to look at our P&L’s, but I just couldn’t help myself. Every 20 seconds I’d bring the window back
3 Simple Ways To Regain Your Trading Discipline Read More »
Unfortunately, the retail trading world is full of false promises. No other industry has as many snake oil salesmen, promising to make traders rich for a fee. The more a newsletter writer or trading system seller tells you how easy trading is, the more cautious you should be. Consistently profitable trading requires a
Trading Expectations: Keep It Real Read More »
This is a guest post by Brian C. @TraderVancouver on Twitter and Stock Twits. Brian blogs at www.TraderVancouver.com “Victorious warriors win first and then go to war, while defeated warriors go to war and then seek to win.” ~Sun Tzu Newer traders like to focus on the trade set-up, the entry point. They’re
The Unstoppable Trader Read More »
I first read the original version of this book over eight years ago, and it was the book that finally gave me the overall structure I needed to understand all the dynamics of trading. I have read hundreds of trading books, and this one still stands head and shoulders above the rest. It explains how
The New Trading for a Living: Review Read More »
Blessed are the humble traders, for they will cut their losses. Blessed are those who hate to lose capital, for they will be not become too greedy. Blessed are the disciplined traders, for they will be profitable. Blessed are those who hunger and thirst for trading knowledge, for they will learn what really
The Beatitudes For Traders Read More »
As traders, we try to do constructive things that build faith in ourselves, and confidence in our trading systems. We want to stay on the right path and not wander into the wilderness of destruction. Here are the seven things that we must be cautious of for the sake of profitability. Blaming outside
7 Habits Of Highly Destructive Traders Read More »
“A triathlon is a multiple-stage competition involving the completion of three, continuous, and sequential endurance disciplines. While many variations of the sport exist, triathlon, in its most popular form, involves swimming, cycling, and running in immediate succession over various distances.” – Wikipedia Trading is a three-dimensional competition that requires the management of three continuous, simultaneous,
Why Trading is Like a Triathlon Read More »
“Stay in the center of the circle, and let all things take their course.” – Lao Tzu For long term profitability a trader must develop an edge over other traders, and then leverage that edge using discipline. Money comes from a trader’s ability to develop a system of robust entries and exits, and trade
10 Ways to be in the Circle of Profitability Read More »
Money and investment capital are very picky things. They are constantly flowing from those who know how to manage it, to those who do not. Money is not static, it is in constant flux. This is why a person that starts out poor in America can end up wealthy, and also why generational wealth can
The Flow Of Money Explained Read More »