At some point in our life, taking a long hard look at our relationship with money could be the thing that saves us from emotional turmoil.
I think most people can relate - looking at our mistakes can be hard. Doing that as a profession can be harder!
Taking Control of your emotional life will be the difference between a long prosperous career in stock trading or burning out and and destroying your account.
Money. The very word is dripping in emotions, hopes, dreams and mental projections of "success". In a society that values money, even at the cost of values and morals in
Before taking a trade, both new and experienced traders should take a long hard look at the foundations on which they trade.
Focusing on what you can control as opposed to a state of fear is the only way to trade for the long run.
Avoid a market meltdown and manage your risk with these simple rules. These macro indicators of stock market health can save you a lot of money.
Few people understand the concept of trading system expectancy. Knowing this concept is the closest thing to a "Holy Grail" one can find in trading.
If you are looking for excitement go to a casino. If you are looking to make money trading, get comfortable with patience.
2020 was strange but rewarding and 2021 will no doubt be even more strange but possibly life changing!
I truly wish I stopped reading books about "Trading systems" and began reading Philosophy earlier. I think these are some great starting points.
A Note on RiskI really get tired of people saying trading is risky or as alluded to in other posts "Gambling". There are many types of risk in the stock
Just Because It's Simple, Doesn't Mean It's Easy"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money
This Isn't the OfficeUnlike the outside world, trading itself should be a very simple, and repeatable task once "tuned in". This year I have really focused on separating the signal
Square Peg Round HoleI am in the middle of a book by Brett Steenbarger, someone I originally wrote off as his book "The Psychology of Trading" seemed very theoretical and
By Popular DemandI have to be honest, I was getting a little disheartened starting this blog and the only question people would ask would be about Mark Minervini, his Private
Everything is Clear in HindsightDo you ever buy a 'sure fire' stock that you were certain is going to rocket but somehow pulls back the second you buy it? That
A Tale of Two TradersOf all the incoming questions I get through our blog, I seldom get inquiries about the actual process of trading. It's always about how much money