Category Archives: Trading Loss

Trading as a Profession

By | May 25, 2019

Trading is a profession and nothing less. Most professions such as medical, legal, psychological,pharmaceutical, technical, mechanical, engineering, etc., require several years of education, study and effort. Not to mention the money required for learning the necessary skills. Then it takes many more years of actual practice to develop the skills and gain the experience to… Read More »

SUCCESSFUL TRADING

By | May 18, 2019

Trading is a completely different animal entirely. I’m not condemning any approach to the markets at all. Cycles work, astrology works, Elliott Wave works, Gann methods work, trend line breaks work, technical analysis works, fundamental analysis works, moving averages work, oscillators work, chart patterns work, etc. However, no approach, no matter how good, will work… Read More »

THE MOST NEGLECTED TRADING DISCIPLINE

By | May 9, 2019

Money management is the single most neglected and overlooked key in the trading business. In my experience, money management is by far the most essential element to actually making significant money from the markets! Everyone spends such an enormous amount of effort, trying to find ways to optimize entry into the markets, or develop systems,… Read More »

How Comfortable you are with your trading ?

By | May 2, 2019

People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes. The problem is not in being uncomfortable per se, the real problem is that our efforts… Read More »

Build Good Trading Habits

By | April 22, 2019

You should keep a trading journal of every trade you make! Backtest every system for at least 1,000 trades! Brush your teeth before bed! All of this is sound advice. However, how many traders actually follow this advice? Do you? I would bet that less then a third of you reading this article keep a… Read More »