Message from TraderJanie For the most part, a typical trader’s perception of the risk on any given trade is dependent on the outcome of his most recent two or three trades. But the most successful trader’s perception of the risk is not affected by this personal, psychological variable. As you may believe, these traders did not […]
Message From TraderJanie I’ve been trading since 1999 and have met a plethora (my big word for the day) of traders from all over the world. Some of them trade forex, some trade options, and some trade futures. Some are young and some not so young. Some are male and some not so male, (in […]
The amount of difficulty you have in completing this exercise will be in direct proportion to the degree to which these conflicts exist.
Last week our Trading in the Zone discussion talked about the 4 Traits you will develop in the Mechanical Stage and I promised this week to set up an exercise Douglas has in his book, “to convince yourself that trading is just a simple game of probabilities (numbers).” You’ll be very pleasantly surprised that it is exactly what we do each and every day in the Member’s only site.
MESSAGE FROM TRADERJANIE I don’t follow the general market too much anymore, I find it just confuses me and has a tendency to influence my trading. However, I did take a look at a chart of the SPY the other day and the next thing I knew I was drawing trendlines on it – some […]
MESSAGE FROM TRADERJANIE Before we get to “What Surface Tension have to do with Trading,” I’d like to recap some of the salient points Mark Douglas makes in his excellent book Trading in the Zone. Learn to think in probabilities and are confident in their overall success because they commit themselves to stick to the […]