I'm sharing a chart to give my sentiments about listening to the news. New traders especially tend to listen to the news and website opinions about where markets are heading. I show a bit on how I approached a particular situation on the US30. A lot of news is late and people who create news items or blogs have their own biases, based on the information they...
Recently I participate in an analyst competition, and I got eliminated in the trading sections. Having an established trading system and strong mindset doesn't mean I make profit in every single trading days, as everyone would agree. That's why we need a daily risk ceiling, if hit, we don't trade anymore,which is called being "locked out". usually 6% (2% per...
Practical Exercise 1) Think of a past scenario where you acted impulsively in your trading and suffered the consequences. 2) What was the psychological issue that triggered the mistake? 3) How can you avoid future occurrences of this mistake? 4) Share in this thread.