Try, Try, again. It is important in trading to never get overly discouraged with consecutive losses or draw downs in equity, this is a normal part of the business. I once had a 50% draw down early in my trading career when I did not respect risk, but came back and quadrupled my capital over […]
When at first you don’t succeed…. Read More »
Decisions, Decisions, Discretionary Trader vs. Systematic Trader Discretionary Traders trade information flow, while Systematic Traders trade price flow. While discretionary traders are busy trying to digest what fundamental news and information mean, systematic traders are taking the signals they are getting from actual price movement in the market. Systematic traders are not thinking and predicting
Your Opinions or A Proven System? Read More »
Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible. -Ed Seykota Traders can make psychological mistakes that can quickly endanger their career. Here are a few examples: They take on more risk than they can deal with. When stress takes over, traders start making bad
You Are Not Your Trade Read More »
Trading is an evolution of self and system. -Jonathan Keag Contrary to popular belief, the key to success in trading is not: a huge ego hot stock picks knowledge of the fundamental drivers of markets or even how to read a chart following a guru taking big risks What I have discovered in my twelve
Build-a-Trader Workshop Read More »
Interview where I discuss my humble beginnings in stock trading and how I learned some hard lessons as a new trader. I also discuss my book ‘New Trader, Rich Trader’.
New Trader, Rich Trader Interview Read More »