In: Trader Education| Trading
5 Nov 2009The markets opened sharply higher today and did not even make an attempt to go down. It was a nice up day with a decent move, but unfortunately I did not have a trade to take advantage of it. So finished the day with no trades. For traders who have a problem with discipline, this [...]
In: Trader Education
18 Sep 2009You always have to be careful of Fridays. I know many traders who don’t even trade on Fridays. One reason is many traders leave early and markets often become slow and choppy. My reason for being careful on Friday’s is more because of the emotional side. Why? Because it’s the end of the week, you [...]
In: Trader Education
15 Sep 2009It is essential for new traders and traders just starting out to understand and know the emotional side of trading losses. Let me make one thing clear. There is absolutely no way you can avoid losses. A losing trader has losses and a profitable winning trader has losses. What is the difference?
The difference is in [...]
In: Trader Education
4 Sep 2009Are you day trading for action or for making money? What’s the difference? The difference is between those that make money and those who do not. Yesterday I did not have any opportunities and ended up with 0 trades! How many of you traders are ready to be OK with not even a single trade in [...]
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