We've all done it.
At some point in your trading journeys bad habits set in.
Here is my four trading habits you've got to kick in order to stay profitable.
1. Overtrading
We all been there with this one.
We think we have to be in the market all the time.
We don't and its okay to be flat at times.
No strategy should have excessive trade volume.
More time...
The stats for retail traders are not pretty.
It's no secret around 80% of all retails traders lose money.
The reason most fail is the four fears not being overcome.
Fear of being wrong!
We are emotional creatures and lets be honest none of us like being wrong.
This trait shows in some more than others but there is no place in trading for this trait.
It's...
Let's end the week on a thoughtful note.
On the chart is a visual I see the other day that I feel relates to trading massively.
It's called the comfort zone map.
This can be applied to many situations in a person's life as a generic visual map.
But I really do think it represents the journey every trader must take in order to become successful.
COMFORT...
Hey Guys!
When a trader takes a loss, it can be quite hard. It can strip you of your motivation to trade. Or perhaps even sway your quality of life. But that doesn't have to be the case. Do you ever wonder why experienced traders don't have a fit after a loss, whilst beginner traders can go into a chatic godzilla-like tantrum? No, it's not because they're...
Yep you heard me right you need trade like a casino 🎰
Key bit here is trade like the casino operates their business model.
Don't trade like the clients that frequent the casinos.
Why should you trade like a casino?
Profitable traders understand how casinos are successful.
Casinos are profitable and make money because they have an edge which they let play...
Fact;
- The top 3 Hedge Fund managers, in excess of +11,000% net lifetime earnings, have no more than 3 trades, total, constituting >85% of their total, life-time earnings.
- Every last one of the top life-time earners ("Trading Legends") - in excess of +11 000% (eleven thousand percent net return(!!) - have made their fortunes in
Commodities and FX. (Soros,...
Hello, dear friends. 💋I feel amazing publishing EDU posts.💥🚀
And now I wanna share with you an useful post. 💪🏻It's very important now. 🔥 Because the market situation is still ambiguous!
Enjoy it.🧡
Optimism - It all starts with a positive outlook on the market situation, which leads the trader to open a deal. Trade in anticipation of future success.
...
Welcome, guys! 😊Today I wanna talk with you about our feelings and emotions💋💋💋
💥 Fear of falling prices provokes a sell , and the opportunity to lose chance to make monney leads to an unreasonable buy .💥
⚡Such pernicious emotion like greed is a manifestation of the trader’s arrogance and his thirst for a good income as soon as possible,...
You must read the prior articles first.
If this was a video game you would probably be trying to skip the conversation boxes at this point. Don't try to speedrun this, you'll die at the boss.
---------------------------------------
I'm sure you're tired of all the poetry and want to get straight to the money. Money, after all, is the best form of...
In this screencast, I review my ideas on luck, chance and risk.
I do not depend on luck, hope or targets in my trading. This has appeared rather strange to some I've been in contact with recently.
I say that sensible trading for consistent profitability cannot depend on luck. Yes - it involves taking carefully risk-assessed chances and controlling loss.
I...
What are Psychological levels?
Psychological levels are price levels which tend to draw big market attention and typically witness a reaction by price when tested. These levels are the main round numbers (whole numbers), referred to as “Double Zeros such as .9800, .990.
Plotting support and resistance levels is often a challenging and subjective task. It is...
