I see too many people beating themselves up for not being perfect traders. That’s really sad because being a great trader and achieving the gains you desire isn’t about trading perfectly. In fact, expecting perfection often delays progress for years. When I talk to the most successful traders I know, they call their trading a […]
Trading Psychology
If Trading Stresses You Out, Change Your Perception
I see it all the time, income traders battling a trade at any cost. Sitting there hour after hour, day after day completely stressed out; using too many resources and taking on way too much risk just so they can win. It’s as if their life depends on winning the trade. This usually happens because […]
Your Beliefs Are Your Reality, Choose Them Wisely
I was answering some questions at a trading seminar a while back and a trader stood up and said, “It’s impossible to average more than 12% per year on a portfolio”. I said “OK” and went on to the next person. After all it wasn’t a question so what else was I to say. Apparently, […]
What statement are you making with your trading?
I talk to traders all over the world and it surprises me how many “high probability” or “market neutral” traders don’t realize that they are making a statement with their position. By making a statement I mean whenever you enter a position, you are defining the conditions under which you will win and which you […]
The Winds of Change
“WHEN THE WINDS OF CHANGE BLOW, SOME PEOPLE BUILD WALLS, OTHER PEOPLE BUILD WINDMILLS” – Chinese Proverb If you’ve been watching the weekly market and trade updates, we’ve been talking about how the market conditions are changing. For more than a year we have been in an extremely bullish market, so bullish that there was […]
Why Can’t I Follow My Trading Plan?
I’ve created yet another perfect trading plan. I’ve back tested it and fine tuned it. I’m ready to trade! I made a commitment to follow my trading plan, this time. And yes, I know I’ve said this before but this time it’s different. This time I am going to follow my plan. I put on […]