I firmly believe that what truly separates the 10% of winning traders from the 90% that lose is the trader’s mindset. The vast majority of traders think they want to trade until the losses hit them and they can’t handle it and end up quitting entirely. I believe these ten principles separate the quitters from […]
How Winning Traders Rebound, make a Come Back, and Never Quit Read More »
One thing that trips up new traders is that they are surprised at the emotions that flood into them when they begin the process of trading with real money. Their ego engages and they do not want to be wrong and they sure don’t want to lose money. The negative downward emotional spiral takes down
The 7 Key Emotions of the Winning Trader Read More »
Ever have that day when you were a new trader and you were 100% sure about a trade. You just could not lose, the stock was a real buy it had already fallen a great deal and it could not possibly fall any farther. So you waited and then plunged in, you couldn’t
The Most Dangerous Trade Read More »
Two of the biggest obstacles in trading is managing risk and using a winning method. However, even if you control your risk on every trade and have a methodology that is a winner in the long term you can still
The Mental Game of Trading Read More »
In trading while we have zero control over the long term moves in the markets we have 100% control over our own actions. It is not the market movements that will ultimately decide whether we win or lose but our own decisions. It is not a matter of what the
Trading is All About Control Read More »
Do you know what the biggest secret is for the rich trader? The big secret is that they were not born a brilliant trader. They did not just trade and become instantly profitable. No, they are just like any one else. Except for one thing… they never quit. When they blew out their first account
Some of the Biggest Secrets of the Rich Traders Read More »
Time and again I heard him say, “Well, this is a bull market, you know!” as though he were giving to you a priceless talisman wrapped up in a million-dollar accident-insurance policy. And, of course, I did not get his meaning. (Mr. Partridge from Reminiscences of a Stock Operator) “They say there are two sides
Trading: How to Win Half the Battle Read More »
The pain of losing is something that many traders can not bear. When you get into 10 or 15 straight losses then the lack of risk management will knock a trader out of the game. Even if you have risk management in place many times the mental pain and anguish
A Traders 10 Point Checklist for a Losing Trade Read More »
What trips up the vast majorities of traders so they never quite make the transition from new trader to good trader? Not being able to deal with the stress of trading: this is caused primarily from a lack of faith in themselves and or their method. They lack the ability
Trading: The Key to Everything Read More »
What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book. The following is an summarized excerpt from Jack D Schwager’s book,
The 42 Keys to Market Wizardom Read More »
There are times with charts and markets that it is best to be out of them. With the current risk and volatility I have been trading smaller and smaller and less and less until finally I am only in a few positions for the first time all year. One of the keys to me holding
10 Things Traders Can Do Instead of Losing Money Read More »
It is difficult for most traders to trade with headline risk hanging overhead. It simply causes chaos in the markets. Here are five things that are caused by the risk of market moving news coming out at any moment. Headline risk disturbs the normal flow of the markets,
The Top 10 Problems with Trading with Headline Risk Read More »
If you want to be a winner trading in the long run there are THREE things that you must do. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader.
The Trifecta of Trading Read More »
The only place luck has in trading is that you will hopefully be on the right side of unexpected moves due to surprises. In trading you should trade in such a way that good luck will benefit you and bad luck will not destroy you. In my trading luck has
How To Make Your Own Luck in Trading Read More »
The Power of the 1% Bet One of the most powerful principles that makes me a successful trader is not stock picking, a specific indicator, or a trading holy grail. What allows me to win and stay in the game is that my top priority is to only risk 1% of
The Secret Sauce of Trading Success Read More »
With real money on the line, a new trader will discover that live trading is not the same as books or simulated trading. One of the top three things that will determine the success of a trader is the trader’s psychology. The weakest part of any trading plan is the trader himself. Stress can knock a
Managing Trader Stress Read More »
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 very purpose?
10 Types of Stock Traders Based on Their Psychology. Which Are You? Read More »
After 200+ trading books and 13 years of trading that has accumulated some nice 6 figure profits I have many things that I have decided on in my trading. I am a discretionary rule based trend follower. I have found that I have a knack for seeing the big picture
How I Trade Stocks Read More »
Trading is really not as much of a numbers game as it is a mind game. Winning or losing in the long term will come down to whether you quit or keep going on your trading journey. Trading is not for everyone, there is no easy money in the markets. You will fight for
Trading with No Regrets Read More »
In trading fear can be good or bad, if you let fear control you it is bad if you control fear it can cause you to have positive behaviors. Here are the proper uses of fear in trading. GOOD FEAR Be afraid of losing more than 1% of your
What To Fear & Not to Fear in Trading Read More »