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:
Harsh Truth #3
The pressure to perform is a big disadvantage.
In a […]
Among the retail traders I’ve spoken to over the years, more than half say they wish to eventually trade full time from home.
This isn’t surprising, given that traders can make money anywhere in the world with a stable internet connection.
Do you have a healthy diet and exercise regularly?
Do you use a non-recognizable, 13-character unique password for each of your online accounts?
Do you floss every time you brush your teeth? And do you put on a seat belt every time […]
Bruce Lee once said,
I do not fear the man who has practiced 10,000 kicks. I fear the man who has practiced one kick, 10,000 times.”
To get good at trading, all you need is one method.
You don’t pick an indicator for […]
In the only sport that has both men and women competing with each other, Julie Krone is the most successful woman jockey in American horse racing history.
I don’t know much about the horse racing, but after reading a few articles […]
Beginner traders commonly ask, “How much can I make from trading?”
$500 per month? $2,000? $10,000 or more?
Theoretically speaking, the answer is “As much as you can handle”.
Sounds good? Well… not quite.
You see, in practice this question has little significance because […]
Recently, I received an email from a relatively new retail Forex trader. It went:
“Chris, I can’t get my trading to work… can you help me? I’ve read many books and paid through the nose for a few seminars. Also I’ve […]
Recently, a new trader asked me: “What’s the biggest mistake amateur traders make?”
I paused and thought for a moment.
While amateur traders often make mistakes, I’ve never had to consider what the BIGGEST mistake was.
“Is it poor money management?” he continued.