Archive for Mo
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 [...]
Profitable Cycle Trading Method - Part II
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 [...]
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 [...]
Trading advice for conquering the fear of losing
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 | Mo | 0 comments | Continued
Trading advice for avoiding losses
As a struggling trader you can safely assume that there is a very cozy and intimate relationship going on between your losses and your self-control.
Why is it safe to assume that? Because trading all boils down to your ability to execute your method and money management strategy. If your method works and you execute it [...]
Is paper trading dangerous to your success?
There’s often a debate amongst traders as to the value of paper trading - practicing on a simulator.
Here’s a blog post with trading advice from the perspective of struggling traders:
As a trader trying to establish consistency, you need a method that you know you can rely on to produce consistently profitable entries and trade management. Your method [...]
Struggling traders’ guide to avoiding chop
Here are three pieces of trading advice to consider adding to your trading methodology to support you in assessing the timing of entries and exits. They can be of great assistance to the struggling trader.
These should be seen as a complement to other decision criteria that you use for determining entry and exit based on [...]
Choosing a method that tells you ‘when’
As I said in my last blog post, what if you didn’t have to be constantly watching the market like a hawk, absorbed in moment to moment price action? What if there was a piece of trading advice that would help you gain some valuable emotional distance from the market you are trading?
One of the [...]
7. The missing trading advice that everyone needs to know in chosing a method
I haven’t yet figured out whether its a conspiracy that is keeping this knowledge from being common place, whether its through ignorance, or whether its just because some people don’t seem to need it.
Nevertheless, in this blog post I’d like to share with you a piece of trading advice that had the biggest impact in [...]
6. Finding your perfect method
Could it be that one of the reasons you’re not yet consistently profitable is that your method just isn’t right for you? Here’s some trading advice for struggling traders on the subject of trading methodology.
Its often an incredible relief to a struggling trader to discover that a big cause of their trading challenges isn’t because [...]
