Humans have a tendency to forget the obvious. We often think that life is more complex than the issues right in front of us, and that obvious...
A lot of people wish they could trade more contracts or more shares. But I try to tell them that there is a point of diminishing returns and...
Try this idea: take the three-day average daily range and find the absolute difference from the ten-day average range. Project tomorrowâs range...
Many times in the past I've written about the need to adapt, the need to be able to change your behavior relative to the market because the...
Master Traders develop a style that is a reflection of their education and character. Most individual trading styles are either positional or...
I guess from time to time I would say this somewhat differently, but what comes to mind is as follows: Here are five steps to becoming a...
I recently received this letter, and thought you might like to see how another currency trader approaches the markets. "I approach the markets...
Recently I was asked the following question: "Any idea of who was the seller of the first mechanical trading system? I heard that it included a...
I often write about mindset, attitudes, psychological hangups and emotional problems that plague traders. The following is from a friend on mine,...
Is trading easy or hard? To the outside observer, trading seems easy enough. You merely pick what you want to trade, bet it will go up or down,...
When your money is on the line, it's natural to want to make every effort to protect yourself. You want to account for every possible adverse...
Trading rectangular block, i.e. ledges, or sideways chart patterns is a solid market trading approach so long as the breakout is not a false...
In the trading world, the "Market Wizards" are often elevated to the status of idols. Why not? They have accomplished relatively rare feats....
When learning any new skill, you need to find the right balance between pushing yourself to the limits and setting realistic expectations and...
Cultivating discipline and self-control is vital for consistent and profitable trading. You implement proven trading strategies, over and over, so...
Successful trading is often a matter of selling at the right time. It is often possible to be a conformist and just follow the crowd. When there...
Research studies have demonstrated that when people's psychological resources are taxed to the limit, they make impulsive mistakes. Maintaining...
How does a trader live in the moment? Perhaps the first step is just intellectually considering the existentialists' proposition that anxiety is...
Trading and risk go together. Short-term trading denies the trader the strategy of minimizing risk by holding a position over a longer time...
Whenever we miss a big move and then try to find some pattern, indicator, rationale, or modification to make to what we are doing so that the next...
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