Trader Mindsets The Market Loves To Punish

Whenever I start thinking in certain patterns, my trading performance plummets.

This has been such a regular occurrence that I have an acronym for it: DIED.

It stands for Desperate, Impatient, Egocentric, Daring.

The Desperate Mindset

When I’m desperate, I think:

  • “I’m in too much […]

Trading Complexity

Here’s a myth you see almost everywhere online: Successful trading is simple.

The truth is, it’s not. That’s just a marketing angle.

If trading was simple, anyone can just pick up a book, follow what it says, and become a winning trader.

But […]

Get Over Yourself

Throughout our lives, we’re constantly told to be “true to yourself”.

This is the kind of advice everyone likes to hear, because it makes us feel good. No one likes to be told to be less of ourselves.

Unfortunately, this is also […]

What’s the best indicator of a reversal?

I often receive questions along these lines:

“What’s the best way to predict a price reversal?”

“What’s the best combination of indicators?”

“What’s the best trade entry/exit signal?”

Almost everyone who comes into trading asks such questions at one time or another.

The blunt answer […]

What Experienced Traders Know (Part 1)

With so much trading information freely available online, why are the majority of retail traders still losers?

How is it that everyone has access to the same information, yet only a small fraction of the trading population are profitable?

The short answer […]