It’s funny when you start talking to people about their beliefs around trading. On one extreme you’ve got those who think they’re going to buy some trading system or advisory service and instantly get rich trading with virtually no experience. And on the other extreme you’ve got those who think that 95% of traders lose […]
Trading Psychology
Do You Know Your Greeks?
Anyone who’s looked at my trading style can clearly see I’m always short volatility. This often brings up the question, “Aren’t you scared that a rise in volatility is going to cause a loss?” Scared? Not at all, but I am concerned. It’s true, at any moment something could happen that causes a huge volatility […]
Trading Lessons from a Pick Pocket
I had the pleasure of meeting Apollo Robbins last week in Boston. For those of you who don’t know him he is the deception specialist on the TV show “Brain Games” and heralded as the world’s greatest pick pocket. Not only can he steal your wallet and keys but he can literally remove your neck […]
The Two Biggest Obstacles to Becoming a Successful Trader
If you want to be happy, gain self confidence and trade successfully long term then there are two things you must avoid at all costs. These two things are perhaps the biggest enemies of success and happiness in any part of life. What are they? Well, as one of my coaches Brian Tracy puts it […]
Learn To Trade Before You NEED To
Whenever market conditions are similar for an extended period of time it’s not that difficult to come up with a trading methodology that works remarkably well. When this happens I’ll see two things. First is a bunch people selling advisories and set ups. And second are traders who think they’ve found the Holy Grail and […]
Are You Getting What You Want?
What do you want? Is it money, fame, love, freedom? Well if you really want those things and you’re not getting them there is a good reason and it’s got to do with how you communicate with yourself. If you’ve ever read any modern book on self improvement, you’ve likely heard that you should think […]