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 →
There are two mistakes most traders make when building a basket of trading setups.1. They trade setups without and edge.2. They trade the setup in the wrong market.Your trading "edge" gives you a reliable idea of how much you can expect to win with your setup over time. A well tested setup gives you a... Continue Reading →
Crowds can be wise, but also manic and delusional. An astute trader learns to differentiate between these two extremes.When there is diversity of opinion, the crowd is a force. The parts think independently, but private judgements combine to join as one powerfully wise collective.Unfortunately this intellectual juggernaught will not last forever.At some point diversity gives... 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 →
Paul J Singh 