A lot of traders just dive in. They may enter the trading world via technical analysis or heavy chart related techniques and they just jump in. They just jump in trying to find trades right away. When it can pay to be a bit more patient. Like when you are a teenager and you fall …
J.P. Morgan once that said: “Go as far as you can see, when you get there, you’ll be able to see farther.” Therefore: GO! Go further. Go further than you’ve ever gone before. In truly knowing how to trade the market. Go and try. Life and trading are worthwhile only if you try. …
“I bought Amazon stock” she tells me. At the time I knew that Amazon stock (AMZN) was trading at or near its all time highs. Inside of me I debated whether I should tell her or not. Tell her what you wonder? That she should not be buying Amazon stock at or near the all …
Every great trader has this. They search for both big and small things they can do to boost performance. They search for both the big things – the “quantum leaps” – and also the small things – the slight edges. To turn a small losing year into a winning year. To turn a small winning …
You get a trade idea. You believe the moment to strike has come and go to place a trade. Do you ever confirm your trade idea? Do you ever go through a checklist confirming that it is a good trade? The current Chess #1 – Magnus Carlsen has said something interesting about confirming his …