Trading, especially order flow trading requires accurate thinking. You can be cynical of many others things in life, but for trading you need order flow accurate thinking. There are thousands of traders out their least interested in accurate thinking. They would rather study their technical indicators, chart patterns, etc that they believe will generate …
Hardly anyone studies at all, let alone implement the process described in this article. Most people don’t read anything. They are looking for the easy button. There are some people who have not opened up a book since they finished school. Others can get repulsed at the thought of opening up a trading book …
Many aspiring traders spend endless amounts of time being spectators in the market instead of actually trading it. They watch the charts, analyze the market, tweak their indicators, place some lines on their charts, and do so for weeks or months straight, only problem is they never end up placing a trade. They constantly remain …
I hear a lot of people complaining about suffering from information overload nowadays. They may have a point – it depends on what type of information are you getting overloaded on? Are you overloading your charts with ten different technical indicators, that each of which by themselves, or taken together, will never generate enough …
In many business categories, less than 5% of the people experience extraordinary success, consistency, income and wealth. The other 95% fall into the mediocre majority and usually fail and are frustrated for life. There are stark differences between people who are in the 95% mediocre majority category and those who are in the 5% high-achieving …
You hear the term thrown around a lot, that knowledge is power. That is definitely not true in all cases. There are some very smart people that I have met, many well educated, with impeccable academic credentials in various fields including economics, finance, that have failed miserably in trading, and continue to do so …