This topic is so important, that´s why I wanted to share it with you and hope I can reach as much people as possible. Hope it will help some :)
I saw in the last years many who crashed their accounts very hard, they lost a lot of money and for some it was very dreadful!
It is hard to watch this people how they burn money and bring even his own family in...
Overtrading
Overtrading often occurs when a trader feels compelled to be constantly active in the market, mistakenly equating frequency with profitability. It's an emotional reaction, driven by factors like the thrill of making trades, a desire to recoup losses quickly, or the erroneous belief that high trading volume automatically equates to increased profits....
Hello Traders,
We thought that we'd make a little guide to those of you who are looking at scalping as a possible trading strategy. This educational idea will give you a few things to consider and we hope that it will inform you of what you can expect from being a scalper.
Our Take:
Personally for us scalping isn’t our style and we wouldn’t recommend it to...
I have long been an opponent of signals services and many other services that claim to be providing educational content - I have to declare.
To avoid any issue that might breach the 'house rules', I have not named the company in question or any individuals. The Financial Conduct Authority is a legal regulatory entity (nothing to do with actual trading). The...
I hear many traders talking about gut feeling, especially when referring to very good traders. I hear them saying that you will, at some point, feel what the market will do next. Many explain it as a sixth sense or cannot it explain it at all. I say to them the explanation behind is a much simpler one.
Gut feeling in trading, most of the cases, is nothing else...
This is what I have discovered over the last 4 years. It is not advice for anybody. If you identify with some of it, fine. If not, leave it alone. Share your own lessons learned.
1. If I'm on the right side of the trend, it is my friend - else it is my foe.
2. Stalk and plan ahead 90% of the time but trade 10%.
3. Do not chase.
4. Appreciate the power of...
In this screencast I present results of a scientific study carried out on day trading, in the Taiwan Stock exchange. I explore some volatile instruments that some day traders may get stung by.
The results of the Taiwan study are shocking. Disbelief leads people to argue that 'that's in Taiwan - so what?'. However the results are informative of cognitive and...
This is about psychology - that 'no-go' area. In this video I explore negative emotions from different aspects. I look at how emotions are connected to risk and risk management.
Avoidance is connected both to risk and emotions.
I say that the biggest part of trading is about separating emotions from the objective assessment of risk
In this video I explain how I look at some price action. I hope it is of some use to new traders especially. I'll say no more in words here.
Best wishes to all new traders.
Whilst I am on a roll, I'm pushing out loads of questions and thoughts that have occupied me for the last two years. All this is well ' Beyond Technical Analysis '!
In too many trading/training videos out there, I've heard the words 'discipline' and 'self-discipline'. These are so commonly used words that many take their meaning for granted, or as something very...
Top 5 Risk Management Rules:
1. Only Trade with Risk Capital
-Risk Capital is the amount of money you are willing to lose and do not include your living capital into your trading account!
2. 2% Risk Management
-The 2% Rule prohibits you from risking more than 2% of your account equity on each trade you are entering.
3. 6% Risk Management
-The 6% Rule prohibits...
Top 10 Trading Psychology Rules:
1. Plan the Trade & Trade the Plan
-Plan all the potential trades beforehand, and trade accordingly with your plans
2. Always be Disciplined
-Do not create excuses to break your own trading rules
3. Expect Losses
-Do not take a trade unless you are willing to accept the risk
4. Emotion Management
-Always analyze your trade...
