“A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.” – Ed Seykota
A trader friend of mine brought up the topic of “ identity ” recently.
Firstly, a warning. This article is not for everyone . Quite possibly a lot of resistance is going...
Good trading is a curious mix between taking profits when the market makes them available, and letting profits run to capture big wins.
The problem is that, more often than not, this decision is dictated by emotion rather than reason.
Instead of trusting the statistics behind our edge, we focus on trying to be right on our current position.
Trading is a...
Most traders overtrade, for one reason or another. Overtrading is perhaps one of the quickest ways to decimate your account and especially as a retail trader with limited risk capital, the best thing is to only trade when the market is active and offering A+ trades. Efficiency is possible by working smarter, not harder.
The question becomes: how can you identify...
