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 …
You’ve read all the books. You know the theory behind great trading psychology. You have dozens of insights and techniques. And yet you struggle. Feeling like the markets are personally out to get you. Feeling like a victim. Feeling like it’s too hard. I have one sentence for you. It’s supposed to be hard. Read … Read More …
In Part 1 of this series, I talked about a surprising thing that the top performers in any field do differently than the rest. In this part I’ll be sharing the strategy that builds on this knowledge, and which has helped me accelerate my own learning curve and increase my largest profit days. By the end of … Read More …
In this video, we’re going to discuss an issue that’s costing a lot of traders many missed opportunities. How many times have you taken 2 or 3 losing trades in a row and then decided to skip the next setup? And THAT’S the one that really worked out as you had anticipated. Watch today’s video … Read More …
There’s a hidden enemy hurting your trading results. It’s not a lack of discipline, or falling prey to your emotions, or using bad strategies. All those things do hurt, but they’re usually visible and can always be fixed. What I’m talking about is more dangerous. It’s more dangerous because it’s not readily apparent. And also … Read More …
We’ve all seen them. The clutch performers. The athletes who seem to thrive when the stakes are highest. While others break under the pressure, they make big play after big play to win games. But what’s their secret? And more importantly, how can you use it to become a better trader? Other than the big … Read More …
