Many people say that patience is a virtue and that is defiantly true in trading! Although the very best traders understand the importance of patience, it is still one of the most difficult skills to learn and apply as a trader. Most unsuccessful traders trade with little or no patience and it is therefore critical…
6 Considerations For Improving Trading Results
As we are nearing the end of February 2014 already, this is an opportune time to ensure our plans are now in place for improving trading results this year. Below is a brief summary of some critical items to consider for improving trading results: 1) Goals: Document both short & long-term goals for your trading…
Inevitable Trading Losses – The Elephant In The Room
I came by a book published around 80 years ago by R.W. Schabacker. It is amazing that even without the HFT systems, chart patterns and business channels devoted to trading and investing that the core concepts remain. Loses are inevitable. It is how we deal with them that is key. No trader can ever expect…
Resolve one of the most common barriers to trading success
What are your barriers to trading success ? Many new traders can easily get caught in the trap of focusing more on their winning percentage (accuracy) or entry setups, rather than having a balanced approach to their overall trading system, thereby creating common barriers to trading success. There are many aspects to successful trading which…
Trade The Reality, Not The Belief
We’ve just completed a record-smashing quarter: S&P 500 ($SPX) ends above 2007’s record close, Dow ($DJIA) posts best Q1 Since 1998, both recovering all of the losses from the Global Financial Crisis. Source: CNBC This has been an amazing run and the US stock market does not appear to be concerned with the continuing problems…
