Let's also be aware that we can change our results by changing the way we think,, this is basically psychology of trading.You have probably heard it but have not CONSIDERED it.
Mark douglas the author of trading in the zone would say lets take some time of TECHNICAL ANALYSIS and shift to some MENTAL ANALYSIS
Hey all!
Busy days for us so we couldn't be too active with the videos we release to tradingview! But here is a little glimpse into what we are preparing to release later this week, which would be a "how to" guide on creating consistency in trading!
Good luck and see you all soon!
After my last couple of posts, I want to ask the question rather than just throwing ideas out there!
What aspect of trading do you fear? Why?
What do you think you could improve on?
Anything!!! Be interesting to see comments.
Personally, I can overanalyze and talk myself out of good setups. I've also been knowing to jump in trades too early.
This could be...
Cause and effect works in every aspect of our lives and if understood and used correctly can be of major help to the persons success, in live, trading and even love.
Seek more knowledge on cause and effect by yourself and that will be the first step you need to take to see it in action!
Good luck trading!
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Everything can be thought. But not everything can be learnt. Developing a risky instinct in investing is not something you learn. It’s something you are born with. Then you are given the power to share it. Agree? Probably not. It’s understandable. I went into stock trading not because I dig and sturdy deeply into companies’ financial and books at first hand, or...
Introduction
- To lower stress levels, trade less and get away from watching every single price chance. Day traders could trade only the open and closing hour, swing traders could just take opening and closing signals. You could go from every tick to just checking in every hour or so if you have options or hard stops in. Most of the days, trading is random noise,...
"The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour
There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers,...
Lesson 9 Trading Psychology is Important
When you look at the market you should see your self. The market is a collection of buyers and sellers. You are a participant in that marketplace, and therefore you are the market. How can you understand the market without understanding yourself?
The mental landscape of a trader is extremely important and very valuable...
Lesson 7 Trade Outcome is Random
The outcome of any given trade is random, no matter how strong your edge is. It is impossible to predict whether a trade will result in a loss, decent profit, or a windfall profit. Contrary to what most Price Action traders and price analysts believe, you cannot and will never be able to predict the market. Most amateur...
Lesson 4 Know what you want in the market
Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A...
Hi this is my approach to the market. Prepare this list for yourself before trading:
- Good broker
- Good mental books to help you (my recommendation Zen in the markets is a must)
- Good trading idea
- Good risk management
- Good rules
- And always learn new ideas and back test it
- And learn to manage your life (you need no distractions so do the things you need...
Edge Execution
Trading is a numbers game, and markets are based on the mathematics of the traders equation. However, understanding this alone will not guarantee profits. The ability to apply and conform to the math of the current market context is what leads to consistent profits. Beginners often have a misconecption that they need to know what is going to...
How strong is your Trader Mentality?
Signs of an "Amateur Mindset"
If you identify with any of these characteristics while trading, you are suffering from an Amateur Mindset. These are normal when first learning how to trade, and even common in advanced traders who have not yet mastered their trading psychology. Very succesful traders may still occasionally...
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Last week I published a small "idea" for a quick scalp on the CADJPY. I noticed an uptrend that I didnt expect to go past a...
