In the fast-paced world of trading, where every tick of the clock can mean profit or loss, mastering the art requires more than just luck or intuition. Whether you're a seasoned veteran or just dipping your toes into the market waters, understanding some fundamental principles can make all the difference.
Adaptability is Paramount: In the ever-evolving...
Have you ever been in the following situation?
You pick a trading strategy, you make nice profits and then, for some unknown reasons, you start losing. You take one trade after another and the strategy stops working.
That is a very common thing that happens will every trader. I am trading for more than 9 years, and you know what, this year I got a trading...
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Traits of the best traders .
The best ones are very independent. I haven't met anyone who relies on the opinions of others in making decisions, especially opinions published on forums on the Internet or in the press.
There's a saying that Wall Street is the kind of place where people come in Rolls-Royce cars to listen to...
Let's start today with an excerpt from an interview in which we cover the important topic "It is the trader who is profitable, not the system". You'll see with examples how results depend on what's going on in a trader's head, so you'll look at your own results from a distance and see that they may in your case depend on deeper things than you've so far thought,...
As a day trader, I understand the allure of making your mark trading financial instruments. The idea of making quick profits and essentially being your boss can be incredibly enticing. However, the reality is that day trading is more challenging than it may seem. The statistics are alarming - the majority of day traders lose money. But why is that? Today, I will...
Traders,
The market is designed to confuse retail traders, the reason for that is they know 95% of you enter these markets with no plan. You’re not aware of the levels, you’re not charting the pairs you trade, and you lack the basic skills to manage your money and your risk. You need to have a plan before you enter a trade, you need to have a strict set of rules,...
Virtually all experts agree that discipline is the most important trait of a trader. All of them, except for me
A closer look at this popular opinion has shown that it is wrong. One trait is much more important than discipline, and it is evident in the best traders.
At first glance, it seems clear that discipline is the most important in trading because there...
This is a story about how a good friend of mine lost over 700.000,- in 9 hours. And about the importance of the role of YOUR psyche in trading.
Some time ago, a fellow trader phoned me. Let's call him Tom. He traded occasionally, and by day was the CEO of a small company. We arranged to meet. It supposed to be an ordinary friendly conversation. There was no...
"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor."
- JESSE LIVERMORE
Consider a trader named Jon, who began Forex trading with high hopes of significant profits. Jon had a solid...
We have two channels with which we perceive the world. The first (customarily attributed to the left hemisphere) is the analytical channel - the stream of thought, we usually think is rational. The second (customarily attributed to the right hemisphere of the brain) is the emotional channel. We perceive what is happening around us emotionally.
We can better...
The trader's decision-making process is one of the most important concepts in trading for me. Why? Results depend on a good process.
So what is a trader's decision-making process?
Generally speaking, these are all the thought processes, analytical processes and decisions you make from the initial analysis ("idea") to the closing and analysis of a position. The...
This article is hugely important, especially for traders outside the funds. The basis is to observe the best traders, specific behavior when they are successful. Interestingly, the same behavior is observed in the most outstanding athletes, businessmen, members of elite special units.
The best of the best, when they are successful - they want to be even better. ...
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Have you ever wondered what it takes to be a good and profitable trader? Have you wondered how long it will take before...
Challenge: Inner Strength - Uncertainty.
Uncertainty is also a weakness that must be eliminated. It is the negation of "inner strength." An investor or trader who is uncertain about himself, his skills or his system is an investor who suffers systematic losses. Remember, however, that both overconfidence and overconfidence lead to losses. Mature traders are in...
The best traders think in scenarios of market events. They know from experience that the market can do "anything," so it is better to be prepared for any eventuality. This approach is part of mental flexibility. It can take several forms.
Flexibility in approaching the market reduces stress
Flexibility in our approach to the market reduces stress - if we are...
In whatever way you define your success - satisfying money, a good job, a happy relationship, financial security, the freedom to do what you feel like doing, we will always mention inner strength and discipline as factors that contribute to "someone succeeding."
What is mental toughness in trading? We will define it by listing several situations and qualities...
The glass ceiling is the level of cash at which the stress level suddenly and unexpectedly increases. Thinking of a specific sum that "causes" this effect in the psyche will indicate the size of the position exposed to risk.
It also happens that traders talk about the "glass ceiling" when specifying the size of the account they have with a broker, but even so,...
Why does trading discipline weaken or disappear altogether, and it happens that in retrospect we see that we did a lot of stupid things?
Let's start with some clarification. When talking about discipline we will have two things in mind.
The first is discipline as a single act - an act of willpower. The second is discipline as the ability to repeatedly apply...
