One of the most common questions we receive at Trading Advice is “where am I going wrong?”. To the new or struggling trader, there can often seem like such a mind boggling array of variables in trading, that it seems impossible to unravel the primary issues.
When you strip away your emotions on the [...] 7Jul2008 |
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One of the most important pieces of trading advice that I ever received was to investigate cycles. And after 5 years of using a profitable trading system based on cycles, I’m convinced that they are of enormous benefit.
Reason 1
One of my favorite reasons for trading cycles is that a large percentage of traders don’t [...] 30Jun2008 |
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Every great athlete, musician and professional where the stakes are high, knows that warm up and preparation can make a big difference to performance. Here are 10 tips -trading advice for preparing for your best trading day.
22Jun2008 |
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This is a slightly different piece of trading advice than the usual! But don’t say that we don’t tell you everything you may need to be successful!!
A few years ago I started to have really bad migraine headaches during and after trading. You can have a profitable trading method and a great mindset, but if [...] 17Jun2008 |
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What’s standing between you and consistent profitability? Even having found a method that others use profitably, many traders still struggle to turn a profit, using exactly the same method.
If you’ve read some of my early blog posts you’ll know that this was my own painful experience. Having overcome it and gone on to make a [...] 15Jun2008 |
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There’s a jungle of trading advice on the internet. So as a new or struggling trader looking for trading wisdom, you have to be discriminating. Swinging through the trees looking for the juicy fruit, it’s always nice when you come across something really tasty – something that will nourish and support your trading skills rather [...] 13Jun2008 |
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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 [...] 12Jun2008 |
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Read Profitable Cycle Trading Method – Part I here
Principle 4
Discipline. The most fundamentally important part of making this method work is self discipline. To be consistently profitable you need to be disciplined every trade, every day. The one time when you relax your rules, you can be sure will be the time it will come [...] 8Jun2008 |
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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 [...] 2Jun2008 |
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Here’s a blog post with guidance about one of the most debilitating emotions for a struggling trader – the fear of losing. Sometimes its there from the start and sometimes it develops as you go through a period of losses. It leads to other issues like an inability to pull the trigger, getting out of [...] 30May2008 |
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