How To Solve The Market Puzzle
Below you see 6 boxes on the left, and 6 boxes on the right:
The contents of the boxes to the left have something in common.
The contents of the boxes to the right also […]
The best trading teacher is not a person
Sometimes I make a good trading call, and get complimented on my trading “skill”.
It’s flattering of course, but the truth is that it isn’t so much about skill, as it is about experience.
If you get punched in the face every […]
Trader Mindsets The Market Loves To Punish
I’ve come to find that 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, […]
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 […]
The Market Decides How To Win (Not You)
Pretend-traders like to talk about all kinds of trading theories. In their heads, they develop elaborate strategies about how the market should be traded.
What they don’t realize, is that what they think is often different from what happens in reality.
Despite […]
Should you be an intuitive trader?
Intuition is a tricky subject, because there’s no way to prove or disprove that it exists.
Consider however, that there’s a strong psychological incentive for human beings to provide an explanation for coincidences: we want to feel in control.
A mother loses her […]
The Ugly Choices Behind Trading Success
I once attended a university class where each week, a well-known CEO was invited down to speak with the students.
This was one of my favorite classes, because unlike the usual lectures held by university professors, these sessions were led by […]
Trading Forex For A Living: Harsh Truths (part 2)
This post is the second of a 2-part series. You can read the first part here.
Now here’s the next harsh truth about trading for a living:
Trading Forex For A Living – Harsh Truth #3
The […]
Trading Forex For A Living: Harsh Truths (part 1)
Among the retail traders I’ve spoken to over the years, more than half say that trading Forex for a living is their eventual goal.
This isn’t surprising, given that traders can make money anywhere in the world with an internet connection.
I […]