Stop Worrying, Just Take the Right Action, Do the Right Thing Stop worrying about how much % you can make, or how much money you can make, etc. There is some level of this that needs to be worked out when placing a trade to get a decent feel of the reward risk ratio. …
Here are some random thoughts that I wanted to write about and share with you. Guilt, Hate, Shame, Fear A large portion of the general population and of aspiring traders are stuck in the phase of feeling that they are the victim of some nefarious plot by central bankers, other big predatory traders, …
Now you know the Seven Steps to Transform Yourself. You know How to Ask for Trading Advice. What is the next step? The next step you can take to lay the foundations of ever increasing trading performance and profits is to write down all your current beliefs that you have about the market. …
You’ve solved one trading problem and another crops up. You thought you were over one hurdle, but you run straight into another obstacle. You feel you are stuck in some part of the trading journey and you just don’t know where the answer lies. You look for help and have found someone to ask for …
A big question many people both in and outside the world of trading and financial markets love to ask and wonder about are whether traders and successful speculators add value to the world. The people in the news media can claim that speculators do not add any value and are evil and corrupt people out to …
The billionaire hedge fund manager, Paul Tudor Jones, gives a speech to ninth graders about failures and talks about examples from his own life. Failure was a key element is his life’s journey. He went from getting fired at one of his jobs to becoming a highly successful trader! Read the speech to find out …
As I look back at my journey to become a trader It eventually occurred to me that a good portion of it was about being prepared to make the necessary sacrifices. The most successful traders have sacrificed a lot of time in their early years so that they can have more money than their neighbors …
A large part and critically component of a successful trader is building up enough conviction and flexibility in ones trading signals. You have to have a system or systems for generating your own trading signals for a variety of reasons. Then you need to have the conviction to actually place the trade when the variables …
Eventually there comes a time when you have gathered up all the information. You have read all the books. You have watched all the videos. You have read all the articles. But in order to take the next leap in your development as a trader you need to actually apply what you have learned. …
Some people are scared to trade live. You can never make the big money, and not even begin to comprehend how to make the big money or even the small money unless you get out there and trade live, even with a small size and small percent risk per trade. Jim Rogers used to …