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.
When I’m desperate, I think:
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 […]
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 […]
In trading, success is never due to one thing, but failure often is.
Have too large a stop loss? You end up losing more capital than you gain.
Have too small a stop loss? You end up with too many losing trades.
Have […]
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.
In every complex environment there are written rules and there are unwritten rules.
Written rules are the ones everyone knows about. They are the platitudes commonly found in textbooks and on posters adorning the walls of corporate […]
(This is Part 3 of a post series. Read Part 1 here)
Many people begin Forex trading with the hope of making enough money to quit their day jobs. Understandably then, their focus in trading is centered around making as […]
(This is Part 2 of a post series. Read Part 1 here)
So… how else do experienced traders think differently?
Let’s take a look.
Many people get into Forex trading for some extra […]
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 […]
Intraday trading (also called day trading) refers to the opening and closing of trades within the same day. It’s a blanket term that encompasses all trading styles that meet this criteria.
So it doesn’t matter what type of trader you are: […]