First, a definition: Good judgement refers to the ability to make superior decisions based on more relevant insights.
For example:
Your car breaks down in the middle of a desert highway, and you don’t have access to a […]
Trading is not for the naive.
I often get emails from people who are struggling with their trading, and don’t understand why they keep losing.
The thing is that for many retail traders, the reason for their struggle boils down to one […]
Success with trading isn’t complicated.
It’s simple.
Not easy, but simple.
Too often though, the Shiny Object Syndrome leads us to chase distractions that lead us further away from what we want.
The thrill of something new encourages us to abandon clear thinking and […]
As individuals living in society, most of us have similar instincts and desires.
Thus, in any given situation, we tend to act and react like most other people. Our behavior typically mirrors that of everyone else.
And for the average person who […]
In most iterated competitive systems, leverage and efficiency tend to go up over time.
The result is a growing disparity between winners and losers, where the winners get allocated increasing amounts of resources to keep growing at the expense of the […]
In the past 8 years, I’ve used a variety of different trading systems… often at the same time.
Why? Because situations are changing all the time… and if my trading doesn’t adapt accordingly, I’ll get left behind.
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 […]
George Soros is one of the richest traders in the world… which is why many years ago, I tried to read his book The Alchemy of Finance.
I said I tried because as a young trader I could barely understand it. […]
In trading, as in life, the keys to success are rarely obvious.
But pay close attention and sooner or later you’ll notice patterns that over time, start to make sense.
Now I won’t pretend to have all the answers, but after almost […]
Everybody wants to win.
Nobody goes fishing, not wanting to catch a fish.
Nobody takes a test looking to fail.
The desire to win has become such a big part of our lives that not a day goes by without us thinking about […]