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Money is the By-Product of Trading 2 Jun 2013 | 01:26 am
Traders deal with profit and loss on a daily basis. And it’s instant. You take a winning trade your account grows, you take a losing trade, and your account shrinks. With that instant pain or instant ...
Trading Support and Resistance 18 May 2013 | 12:36 am
When it comes to trading support and resistance is the name of the game and support and resistance comes right off the chart. Name any indicator you can imagine, any concept of data crunching you thin...
Trading as a business 2 May 2013 | 04:01 am
Very few traders treat trading like the serious business it is. Most approach it like a hobby. While trading is a lot of fun, it’s still a business and if you don’t frame it, meaning approach it with ...
Defining Trading Success 27 Apr 2013 | 10:20 pm
We all want to be successful in whatever we do, but success means different things to different people. For traders most of us define success as profits. If we win, we are successful. If we lose, we a...
Hindsight in trading 13 Apr 2013 | 03:36 am
One of the games with play when we are trading is based on what happens in hindsight. We all do it. We take a trade, take a point or 2, then when the market goes another 2 or 3 points farther, we wish...
Criteria for Trading 10 Apr 2013 | 01:18 am
When I set out to develop my trading method and trading plan there were criteria I set that had to be met for me to trade. Those criteria are below: 1) It had to be fun. I know this might not seem tha...
Mastery of Trading 7 Apr 2013 | 04:57 am
I get the question from time to time “How do you master your trading”. I think most of us know that mastery of anything, be it trading, a musical instrument, a sport, etc. all take time and it’s an on...
What are you waiting for? 12 Mar 2013 | 02:33 am
Patience and discipline are the buzzwords in trading. I define patience as the ability to wait for the market to meet your conditions to trade. I define discipline as the ability to sit on the sidelin...
The Inner Game of Trading 2 Feb 2013 | 08:02 pm
Working on the Mental Game It’s well known in trading the your trading psychology, your mindset plays a big role in your trading success. I heard this over and over again when I got in to trading. The...
Struggling to Profit 30 Jan 2013 | 10:17 pm
There’s really no need to struggle to make a few points a day. What is necessary is to change your perception of what real professional trading is. You don’t have to take 10 trades a day or make 20 po...