Do you have the mental “flexibility” required for successful day trading?Do you ever feel like you get “locked in” to a trading concept and can’t shake it? If so, you might find this video helpful. In it, I go bar-by-bar through a potential trade example from this morning. We discussed it in real-time during our […]
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Context First. Then (and only then) Trade Setup. Think about how you first started to learn trading. You were probably taught, or tried to figure out, the ‘perfect’ trade setup. Heck, you might be years into this and you’re STILL trying to find the perfect trade setup. What if there was a better way? I’m not saying […]
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Not As Successful As You’d Like Yet? This Graph And These Tips Might Help…A friend recently showed me a graph about making any kind of change in life. It made a lot of sense, and I could relate to it. And, of course, I immediately saw how it applied to a trader’s career.In this video, […]
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One Reason It Can Be Hard To Keep Our New Year’s ResolutionsI recently read an interesting article. It was about why people generally have a hard time following through after setting a plan or a goal and then what we can do about it. It’s not trading-specific, but it can certainly be applied to our […]
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Do You Make This Mistake On Slow Trading Days?Today is a very slow trading day (at least in the ES and at least as of the time I’m writing this). But, I thought it would be a good time to write about a mistake we see over and over again.In fact, I would say this […]
Continue...Do You Have A “Pre-Shot Routine” For Your Trading?A couple things happened today that made me think about the concept of a “pre-shot routine” in trading.First, I received a question about the post I sent out yesterday about resilience being one of the most important traits a trader can possess.The writer of the question basically […]
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Is this the most important trait you need as a trader?I just wanted to write a quick post today…nothing about strategy or tactics or chart examples.I was thinking about all of the character traits you need to be a successful trader. There are certainly a lot, and this business has a way of testing all […]
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A losing trade. As a trader, just the thought probably sends shivers down your spine. Right?In fact, think about the last loss you took. Or think about the last bad day you had. How did it affect you? How did you make sense of it?From a rational, no-skin-in-the-game perspective, we all know that losses are just […]
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In this video I share a trade I made this morning. In hindsight, it looks simple. And, in hindsight, I “should” have made more than I did.However, that’s with the benefit of hindsight. I real-time, with your money on the line, it’s not always so simple.So, the questions are: – Do you have a reliable method […]
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The really brief audio clip here is taken from a Q&A session with members. It’s in response to a comment about a particular person’s progress since using this methodology. The key, however, is that we discuss the number one mistake just about every trader makes (especially newer traders) and how if you don’t “break” this […]
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