The surest and fastest way to trading success? It is to avoid the mistakes, the pitfalls, and to focus on what really works. While I can’t presume to know everything about trading, in my decade plus of trading and research and conversations with traders, here are the some of the common trading mistakes. Why …
One currency pair? Five currency pairs? One stock? A dozen stocks? How many financial instruments can your trading mind hold? How many markets can your mind participate in? These are the questions we will explore in today’s lesson. Let’s begin first with an example from the Chess Grandmaster – Magnus Carlsen Plays 10 …
The ability to tell. The ability to distinguish. One of the most critical skills as a trader, or even anyone living in the 21st century is that of being able to distinguish between reality vs delusion. To distinguish between trading truth vs falsehood. The trading truth leads to profitable trades and thus trading success. The …
One trading secret lies in plain sight. It seems invisible to most traders. What is it? Enthusiasm There is the grand importance of injecting not just a small amount, but a giant amount of enthusiasm in your trading. Let’s go over all the reasons why this is so: Enthusiastic Traders Lead Better Lives …
Motivation. The endless mystery. It is an endless mystery for some people. Why are some people motivated to do something and others are not? Why are some motivated to learn and grow and others are not? Today we shall tackle this mystery and bring some much needed clarity. In my life there have been …
Once upon a time, about 100 years ago, there was a fire that demolished a factory, taking with it years of progress and records. The owner displayed immense calm in the face of this setback using the words: “It’s all right. We’ve just got rid of a lot of rubbish.” “There is great value in …
Could it be possible that you are just three feet, three inches away from trading gold? Read on to find out… In trading, when you are going through the rigors of the process, there are typically many moments of enlightenment and revelations, these “aha” moments along the way. These tend to challenge previously held beliefs …
Do you ever remember any of your trading dreams? Or any of your regular dreams? What typically happens to me is that I may have a dream, and when I wake up, the memory of the dream starts fading rapidly. If I don’t remind myself of the details or write it down, it is gone …
In Competition With Only Yourself There was a time in my life where I thought I was in competition with various other friends and acquaintances in my community who also wanted to be traders. Even after I got past that stage, I still thought I was in competition with various other traders and money …
Umm… Ever wonder how there can be such a great progress in technology, health, etc, yet there are still people struggling in the world? Still so many people in poverty even in developed countries. Still so many people overweight. All these computers, mathematical algorithms, iPads, smartphones, free charts, etc, but yet people still struggle …