“Blessed is he who has reached the point of no return and knows it, for he shall enjoy living” – – W. C. Bennett ! Appreciating the Moment Have you ever lost yourself in a trade? You focus intensely on your screen and wait for the ideal time to enter. You’re fully attentive as you […]
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A Fresh Start Have you ever been stuck in a rut? All you can think about is how behind you are and how hard it will be to come back: “I haven’t made enough winning trades. What am I going to do? I’ll never make it back.” It’s natural to panic a little when you’re […]
Dazed and Confused The astute trader knows how to process multiple inputs, yet remain calm and decisive. With essentially endless sources of information to consider, it’s easy to experience information overload. If you try to process and digest more information than you can handle, you’ll experience frustration and anxiety. If you aren’t careful, you may […]
Do the Ends Justify the Means? In this cutthroat world we live in, we often follow the motto, “The ends justify the means.” Blind ambition, self-sacrifice, and extreme self-control are valued. If you can work tirelessly, wait long enough, and quickly recover from endless setbacks, you’ll be one of the select few who survive and […]
Moving Beyond Mediocrity Working a typical 9-to-5 job can be monotonous. Many people just try to make it through the day. They can’t wait for their shift to end. Some work settings are viewed as especially mundane. For example, comedians are fond of making fun of the workers at the Department of Motor Vehicles, portraying […]
When You Fall Off the Horse . . . At first if you don’t succeed, try, try again. And when you fall off a horse, it’s wise to get back on. Are these sayings appropriate for trading? In some ways they are, but in some ways they aren’t. Long ago psychologists mapped out something called […]
The Intrinsic Rewards of Trading It seems so easy: Find a good setup, place a bet, close out the trade and take home the profits. Enduring trading success is easier said than done, however. Trading experts note that even those traders who achieve early success don’t maintain it. It’s easy to make a series of […]
The Courageous Trader Winning traders are courageous.They show courage when they risk their money, and face the possibility of losing it. They show courage when they follow their convictions, and possibly let their pride and ego get hurt. But courageous trading is a little more complicated than it appears at the first glance. Courageous trading […]
The Confident Trader Joe tells his friend, “I’m staying out of the markets for a few days.” “Why?” asks Tom.”I can’t trade under these conditions. I’m going to wait for the markets to change,”answers Joe.”What a lack of confidence,” Tom taunts.”Maybe, but I’d rather be safe than sorry,” Joe retorts.Does Joe actually lack confidence? Just […]
Using Your Intuition Skillful traders know how to use their intuition to make quick, conclusive decisions. There are times when going with your “gut” instinct can be shrewdly accurate. There are also times, though, where your intuition can be dead wrong, and nothing more than wishful thinking. A seasoned, profitable trader knows the difference, and […]
Building On What You Do Best A goal of every trader is to achieve enduring success. It’s hard to achieve this goal, however. The only way it can be done is through persistence and practice. Many are drawn to trading, but few can actually trade for a living. This is a discouraging fact of trading, […]
“People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth” – – Jesse Livermore Taking Risks in Stride All traders must face risk. No trader is immune. Whether you’re a novice trader with a small account or a hedge fund manager trading millions, you […]
Hello Traders, There are many characteristics and skills required to be successful trading markets. Understanding of Technical Analysis, Fundamental Analysis and the ability to spot a trend are a few common traits of winning traders. But what really sets the winners apart are two important ones, “discipline and emotional balance.” Over the years of trading […]
