As a beginner trader, I spent over $20,000 on trading seminars, videos, books and courses. On top of that, I would also spend hours each day scouring though a variety of trading websites and discussion forums.
Despite all this however, I […]
It is meaningless to talk about trading profits without also mentioning the drawdown incurred along the way.
A 20% annual return might seem admirable on the surface, but experienced traders know there’s a big difference between achieving it with a 30% […]
A performance-driven game centers around increasing power, efficiency and control.
The goal is to get the best score you can get.
Examples: Swimming, archery, golf.
While these games are often played in the context of a tournament, there’s actually no need for the […]
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 […]
How do you know if you’re trading or gambling?
To find out the answer, ask yourself a simple question:
How soon do you judge the results of your trading?
If you judge your performance after anything less than a year, you’re […]
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 […]
Every time you take a trade, you are picking a fight with someone.
When you buy, you are in conflict with the other side who’s selling. You’re saying he’s wrong, and he’s saying you’re wrong… and the market will ultimately decide […]
I don’t care for expensive cars or $5,000 suits.
I don’t want to live in a big house that takes another person to clean.
I have no interest in titles, status, or high ranking positions.
Those are things that subtract from life.
To me, […]