One of the hardest lessons to learn is to cut trading losses quickly. We’ve all been tempted, novice or experienced trader, to override our systems. We have the desire to avoid a loss. It’s a bad move though. Sooner rather than later the market will whack you hard. A loss that may even end your trading […]
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10 Mantras for Trading Success In my view trading success is all about ‘Mind Over Matter’. In simple terms applying your mind to what matters most, then leaving the rest of the noise behind. We can have the best strategy on the planet. Yet if your mind and personal psychology are not robust, then you’ll […]
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When asked about the meaning of WEALTH, most responses centre around money. Sure, money gives us options. Yet keeping a narrow view of money can lead to a poorer outlook in other aspects of your life. A common theme with successful traders is they rarely focus on the money. Not because they shun monetary wealth. […]
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After the 2017 Roger Federer victory at Wimbledon, Jim Courier made the comment… “He doesn’t bleed. He’s not human.” It was said in reference to his psychological fortitude, his superior emotional strength. Even though the stress was immense, Federer relied on his years of training. He followed his game plan and allowed the cards to […]
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What is successful trading? It’s interesting to hear how people define success and failure when it comes to trading. What constitutes a well thought out disciplined trade? An ill conceived one? What someone perceives as being a good trade. What someone perceives as being a bad one. Here are some guidelines that may help you […]
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High intelligence has nothing to do with trading success. There are more important characteristics and behaviours that go towards the foundations of successful trading. Some are obvious, others not so obvious as on the surface they appear unrelated. In today’s newsletter we could outline the ‘Dirty Dozen’ factors that have contributed to wiping out the […]
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Before you start trading it’s good time to review your beliefs about trading, the markets, what you feel is possible, what you believe to be probable and what you think is false. Once you’ve thought these through, review your objectives. What exactly are you wanting to achieve? What are you good at? What skills or […]
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Do you need to stop, revive, survive? Previously we’ve discussed how being passionate about what you do is an important ingredient towards success and longevity. We emphasised how exercise should be an essential part of everyone’s weekly trading strategy to maintain physical and psychological well being. However, beware the paradox that can come into play […]
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What is the biggest business in the world? No, it’s not Apple Inc (AAPL), Amazon.com (AMZN) or Alphabet (GOOGL). Every day billions of dollars change hands across stock, futures and currency markets around the world. As traders and investors, participating in these markets means taking part in the biggest business on the planet. Major businesses […]
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So is it possible to improve your results to be a successful trader by giving up? We’ve spoken before about the qualities required to be a successful trader. There are a million and one books about it, some better than others. Yet what about the ingrained traits that we should be GIVING UP to take […]
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