A stubbornness to succeed?
We all know trading as a concept is simple, (buy low, sell high) but in practice is pretty difficult. The reason it’s difficult is because it is going against our pre wired response mechanisms to…
We all know trading as a concept is simple, (buy low, sell high) but in practice is pretty difficult. The reason it’s difficult is because it is going against our pre wired response mechanisms to…
Over the years, I’ve witnessed some pretty amazing events from trading the financial markets. I’ve experienced most styles of trading too; from volume analysis, Fibonacci, market profile, Gann, price action, indicators and even lunar cycles….
Not in the literal sense… No I mean enjoying some of your profits by withdrawing actual cash from your account. Many traders I speak with are only interested in growing their account balance which of…
Many traders obsess over being right as often as possible. They want to trade with high win rate techniques and see having a low win rate as failure. By itself, having a high win rate…
One of the more popular questions asked by new aspiring traders is ‘how much can I make per month from trading?’ The answer of course is not straight forward for a multitude of reasons but…
As humans, we’re all prone to making mistakes at times. This is especially true for trading. I regularly run a ‘confessions’ session with a group of traders where they are allowed to confess to any…
One of the most difficult aspects of trading for many people is the ability to hold onto winning trades. The temptation to bank profits is always a battle and one that most traders struggle to…
I was chatting to a trader on Friday afternoon who was long the Euro dollar. At the time he called, his position was under water but it hadn’t yet hit his stop which was 100…
There are many different ways where ones patience can be tested when trading. A day trader needs to have the patience to be able to wait for a market to set up correctly before taking…
Without a doubt some traders will have made some pretty decent gains last week whilst others would have been scratching their heads asking why they didn’t take any action. I was speaking to a trader…