There are a number of topics that slip-slide over my desk daily but the one that feels like a slug making it way across the garden path leaving it’s slimy, gooey, grime is, “how the markets are rigged against retail traders.” Anyone who has been in this business for any length of time can tell you […]
If financial suicide is not the predominant reason for trading, then what could keep someone from doing something that would otherwise make absolute, perfect sense? Doesn’t it make perfect sense to have a plan when trading? A well thought out direction for each and every trade. If so, then why do so many traders not have […]
In my Blog article called “5 Fundamental Truths in Trading“, we introduced the 5 Fundamental Truths in Trading from Mark Douglas’ excellent book, Trading in the Zone, and now we are going to expand on each of them. Anything Can Happen … on any given trade. There are always unknown forces operating in the market […]
Trading distilled down to its simplest form is a pattern recognition numbers game. We use analysis to identify patterns, define risk and determine profit targets and the trade works or it doesn’t. In either case we go on to the next trade. This is simple to comprehend yet extremely difficult to do. In fact, trading is probably the hardest thing you’ll ever attempt.
Learning to live through a drawdown is probably the hardest thing you will ever do as a trader. Here are 5 points to help you through them.