It is a constant and exhilarating journey knowing each day I will be put to a test, a subtle, almost intangible challenge of calm and control, focus and consistency, awareness and optimism. Each day I continue to commit myself to learning more about these skills of concentration, attitude, managing pressure, staying motivated, monitoring energy levels, … Read More …
More success in trading. We all want it, and we’re often willing to try anything to achieve it. But sometimes the simplest things are what will make the biggest difference. And there is no more simplicity than what can be found in universal truths. So here is one universal truth that can bring you more … Read More …
Sometimes it takes a tragedy to wake us up. We pause for a second and become aware of our mortality. What if we’re not around tomorrow? Have we really fulfilled our potential? Have we made the most of the time we have? As Hurricane Sandy inflicts damage on the East Coast and lives are lost, … Read More …
So many traders talk about wanting to make it. But how many really do what it takes? How many have relentless work ethic? How many study the markets and their results endlessly until they build the required skills? Sadly, most just talk the talk. They like the IDEA of trading, but they don’t like what … Read More …
In our most recent post I discussed how to use your thinking to stop struggling. A very perceptive blog reader by the name of Ryan commented on that post and had these valuable insights: I’m going to be a bit of a contrarian and challenge your premises that the complete removal of ‘struggle’ from the equation … Read More …
This is a strange one. And it goes against conventional wisdom. But whoever said conventional wisdom was actually wise? Your trading career, like mine, may end up coming down to going against the crowd and doing the ‘unconventional thing’. So what is the unconventional thing that strangely helped my trading career the most? It’s… quitting. … Read More …
There’s a certain type of thought that can lead to fatal trading mistakes. It’s not obvious, and it’s often disguised as something positive. But your mind is a master trickster. Its powers of self-deception are limitless. And it’ll sabotage you by rationalizing this trading mistake as a prudent risk measure. So what is this hidden … Read More …
Last week we discussed the secret to surviving as a trader. At the end of that post, however, I posed a question: what happens when market conditions change so much that your trading strategy and style become obsolete altogether? This post is going to take a look at what you can do to protect yourself. … Read More …
Is there really a secret? A secret to surviving and making it in trading? I’m not talking about a holy grail methodology. Of course first you’re going to need good old fashioned tireless effort and dedication to learn correct market principles and to form strategies that have a real edge in the markets. But once … Read More …
In response to my previous series on improving trading performance (check out part 1 and part 2 of that series), a trader and blog reader emailed me a great trading question. Trading Question I have been grinding out small profits lately by telling myself that I am willing to not take any trades on a given day. … Read More …
