Trading Stocks & Personal Development: Making the Complex Simple.
Most of the trading content you read on social media is garbage. Sure some blogs are good, but most are bad. Yes some tweets are mind-bending, but most are worthless. You know this and have an inkling of what is good and what is garbage. The problem is it all goes in your head, stays... Continue Reading →
You may have just crushed it with your biggest winning trade of the year, but you still do not know how to trade.That rush your feeling means it was a bad trade. Good trades are not exciting. If this trade was your biggest win of the year, you probably committed a cardinal trading sin.A few... Continue Reading →
Looking back, Brexit was a big deal. Definitely the biggest deal since the banks collapsed in 2008. Think about it. The 5th largest economy in the world left the European Union. What the heck is Google, Amazon and Netflix going to do now?The stock market guru's over on CNBC told us to pull our money... Continue Reading →
I was once a gambler, but now a trader.I once blew up a 200k account within a matter of weeks. Up until that point, I thought I was a trader. I opened up a trading account during the last stages of the roaring 90s internet boom. For a while things were great. So great that... Continue Reading →
This is what holds many traders back.The small wins.Yet we love to take those small wins, and avoid small meaningless losses like the plague.We are afraid of losses. It doesn't matter it it is big or small, that L is scary.It's all about the fear of the loss.Here is the rub: the fear of the... Continue Reading →
It's a flaw in our brilliant minds and one that afflicts most traders. It's a big reason why 90 percent of traders fail.I'm watching one of my students trade a few weeks ago and he keeps taking these ridiculously small wins. Over and over again, he takes these small .3R gains only to watch the... Continue Reading →
Swing Trading MasterSo you know about swing trading breakouts . . . fantastic. You can make a lot of money trading those.So you know about stochastics . . . that's great. Extreme conditions lead to extreme profits.So you trading using Fibonacci retracements . . . awesome. I know a guy who makes a killing off... Continue Reading →
We can choose to define ourselves as traders by the trades we take.This is not about the money we make.Rather it's the place within the setup that we enter.Do you require more confirmation, content to give up some gain in exchange for safety?Or do you jump in early, aggressively jumping in pre-breakout in order to... Continue Reading →
Martin: I have a horrible migraine. Prison guard: A bottle of Advil is $750,000It's easy to lose sight of the dangers of trading when things are going well. A few good trades and you are invincible.But it only takes one bad trade to wipe all the profit away.Anybody remember KBIO?A novice trader shorted the $2... Continue Reading →
There is is nothing wrong with your mental game. Your head is fine and there is no need to go to a trading psychologist.You have got it all wrong.It's not that you don't know how to control your emotions, it's just that you don't know how to - how should I put this - you... Continue Reading →
Paul J Singh 