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How Hard is Trading Really?

Is trading really that difficult? Are consistently successful traders the equivilent of brain surgeons and nuclear physyicists or is trading open to those of us on a slightly less rarified level? Do we need to be Tiger Woods or can we make it if we can regularly hit par?

Mo | November 16th, 2008 | Continued

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Top Lessons from Trading in the Zone - Part 1

Trading in the Zone by Mark Douglas is THE definitive handbook for establishing an effective trading mindset. Consistently profitable traders all over the world attribute a significant part of their success to the implementation of Mark’s thinking strategies.
The overarching premise of Trading in the Zone is learning the mental strategies that allow you to trade [...]

Mo | August 4th, 2008 | Continued

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Book Review: The Trading Method That Can Make You Rich - by Roy Kelly

Priced at $195, used copies almost unheard of, this book with its almost ‘cult-like’ following has intrigued me for years. I finally decided to buy “The Trading Method That Can Make You Rich” and see what the fuss is all about.

Mo | July 14th, 2008 | Continued

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Profitable Cycle Trading Method - Part III

Read Profitable Cycle Trading Method - Part II here.
Cycles are rough sine waves. A cycle moves up until it reaches a high then curls down moving downward until it reaches a low before it curls upward once more. When a cycle has bottomed out, curls up, and then starts moving upwards we can say that [...]

Mo | June 12th, 2008 | Continued

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Profitable Cycle Trading Method - Part I

Many traders don’t like to share advice about their trading system because they think it will lose it’s edge. Here at Trading Advice blog our philosophy is that there’s plenty to go around!
This is the first in a series of three blog posts that shares one of my favorite cycle trading methods in detail:
First things [...]

Mo | June 2nd, 2008 | Continued

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Other Recent Articles

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4 Ways to Survive and Thrive in These Market Conditions

Whether you’ve ridden the roller coaster of the past few weeks for profit, been bashed and bruised by the volatility, or sat on the sidelines and waited, this has been an intensely emotional time for traders and investors everywhere. Here is some practical trading advice for getting yourself into the best mental and emotional state for maximizing the opportunities of the coming weeks.

19Oct2008 | Mo | Continued
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Performance Enhancement or Core Beliefs? What Every New Trader Should Know.

Since my last post about differences of perspective on developing trader mindset, I’ve spent quite a bit of time this week trying to understand those differences of perspective - the Dr Brett Steenbarger, “enhancing trader performance” school, and the Mark Douglas, “core beliefs for trading success ” school.
While I don’t see any conflict between the [...]

25Aug2008 | Mo | Continued
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If You Don’t Learn This Skill Early You’ll Always Wish You Had

In the comments of a recent post on theessentialsoftrading.com a conversation began about the relative importance of psychology in trading success. Someone referred to one of Dr Brett Steenbarger’s posts - The 3 Myths of Trading - in which he says that success is a function of talents (inborn abilities) and skills (acquired [...]

18Aug2008 | Mo | Continued
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Why Some People Almost Always Make Money Trading

In many of my former posts I’ve talked about the dramatic improvement that you can make in your trading by giving as much importance to ‘time’ as you currently do to ‘price’.
What if instead of being a slave to the charts you could calmly pinpoint exactly the right times to trade - times that will [...]

12Aug2008 | Mo | Continued
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10 More Ways to Deconstruct Your Trading and Build a Better Plan

10 Ways to Deconsruct Your Trading And Build a Better Plan turned out to be one of the most poplular posts ever written here at Trading Advice, so here’s another 10.

This time with a specific focus on building a mental approach to trading that will always allow you to derive the most from your trading plan.

8Aug2008 | Mo | Continued
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What is emotional clearing and how do you do it?

After a number of posts in which I refer to emotional clearing, I’ve been receiving emails asking for more explanation - so here goes:
We all have emotions, fear, anger, guilt, worry, shame etc. Traders and investors who are putting hundreds and thousands of dollars on the line each day are more prone than most to [...]

4Aug2008 | Mo | Continued
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When Will Traders Believe It?

Its a funny thing… the information that new and struggling traders need the most, is the information they think they need the least. Its the element of learning to trade that is given the least attention, and often not at all, until its too late - until the bubble bursts, and the worst happens. But by then its often too late, the damage has been done.

29Jul2008 | Mo | Continued
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Traders’ Guide to Keeping the Big Picture

I’ve noticed from the emails Trading Advice has been receiving recently that its at times like this, when the market changes its trend, that new and struggling traders run into the most difficulty, because they don’t have effective methods for holding the overview. Everyone gets comfortable as the bandwagon moves consistently in one direction, only to be thrown from their seats because they weren’t expecting the change in direction.

20Jul2008 | Mo | Continued