Having a bias doesn't mean having a trading opportunity.
We all have a bias on the market, that is defined by our experience and trading approach. And it's not wrong or bad to have it. Problem starts when we're holding onto it too much and when we start to think we know almost for sure where and more importantly - how - the market will move into certain...
Trading in financial markets is not merely a game of numbers and charts; it's a psychological battlefield where fears , doubts , and emotions can either propel you to success or drag you into failure. In this comprehensive article, we delve deep into the primary fears of traders, explore strategies to conquer them, and provide an in-depth analysis of methods...
Mindfulness is a practice that involves being fully present and engaged in the moment, aware of your thoughts and feelings without judgment. It originates from ancient Buddhist meditation practices but has been adopted widely in various forms across the world for its mental health benefits. In this post, we'll dive a bit deeper into what it is, where it comes...
Greetings, fellow traders!
As a seasoned veteran of the financial markets, we've witnessed firsthand the transformative power of trading, its ability to elevate individuals to new heights of financial freedom and fulfillment. Yet, we've also observed the struggles of many aspiring traders, their goals & dreams marred by a lack of guidance and a clear...
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,...
Join us in this comprehensive tutorial as we walk through the essential process of building a personalized trading journal. Whether you're new to trading or aiming to elevate your strategies, this educational video empowers you with the knowledge of why building a trading journal is a critical step in your trading journey. Learn with us, and discover why a...
It’s been a very tough year for swing traders.
Go long the market drops. Go short the market rallies.
Don’t do anything and you save from the burn.
But in the bigger scheme of things, it looks like we are in an accumulation phase.
The accumulation phase is a period in which smart money (informed and experienced traders or institutional investors) is believed...
Three golden rules of trading
1. Learn when to stay out of the markets. This comes from the principle that it’s almost always good to do the contrary of what beginners do. Think for yourself, beginners tend to always search for an entry and predict any kind of price action, even the choppiest one. The truth is, sometimes markets are in condition when it’s just...
The main purpose of my resources is free, actionable education for anyone who wants to learn trading. Consider following the attached links for improvement of your mental and technical trading skills - learn from hundreds of videos featuring the real story and growth of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad...
Drawing inspiration from the timeless wisdom of Marcus Aurelius, this guide distills ancient Stoic principles into modern trading strategies. Dive in to discover how to strengthen your trading mindset and unlock your unique edge.
1. On Emotion and the Markets
Remember: The markets are indifferent to your emotions. Anxiety, joy, desperation – these are...
Every trader, novice or seasoned, knows the sting of drawdowns. While they're inevitable, managing them effectively is key to trading success.
Even the most renowned traders face drawdowns. Consider Richard Dennis, the legendary Turtle Trader, who transformed a mere $1,600 into over $200 million. Surprisingly, he experienced drawdowns of over 80% at times so I've...
Hello, everyone! Today, I would like to share my trading methods with you.
80-90% of the trading work is having the right mindset. The rest comes down to algorithms, strategies, and market phases.
What helps me stay on track?
Mental hygiene . I don't look at other traders' charts until I conduct my analysis. That allows me to create specific neural...
A staggering 98% of traders inevitably stumble and tumble into the abyss of financial loss.
Why such a high failure rate, you ask?
It’s because failed traders try to preach their failures (as they think that’s how it is).
They develop these narcissistic methods, where they misguide others and are too blinded by their own failures.
Few years later, they’re back...
If you want to trade well and consistently.
You have to be more mechanically orientated.
The weekend is about to begin so I'll be literally quick and brief.
Saying "literally" was unnecessary and made it longer.
Sorry.
Here are the pointers:
1. Stay committed
2. Cultivate patience
3. Avoid herd mentality
4. Be long-term oriented
5. Stop crying over...
A daring trader prepares for the epic battle he performs each day against the evil markets; those remorseless monsters who always seem hungry for money and ready to strip the poor traders of their modest capitals.
Armed with his analysis, our brave trader steps into the dangerous mercantile ground and eagerly studies the sharp and treacherous price spikes,...
The significance of psychology in trading cannot be overstated, as it serves as a cornerstone for achieving success. Failure to acknowledge its importance can have disastrous consequences. A notable example is the case of Nick Leeson, who single-handedly caused the downfall of the venerable 200-year-old Barings Bank, a financial institution of such stature that...
Important factors that if well approached, will ensure your long term success.
Forex trading is a popular form of investing that involves buying and selling currencies in the foreign exchange market. As with any form of trading, success in forex trading requires a deep understanding of the market and the key factors that impact profitability. In this blog...
