Methodology
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 [...]
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 | 0 comments | Continued
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.
14Jul2008 | Mo | 3 comments | Continued
10 Ways to Deconstruct Your Trading and Build a Better Plan
Just like a mechanic, to be successful as traders we need to learn how to diagnose the different aspects of our trading and repair, replace, or adjust them. For some that’s a bit of fine tuning, for some its a complete overhaul!
9Jul2008 | Mo | 1 comment | Continued
Losing? How to Figure Out Where You Are Going Wrong
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 [...]
5 Reasons to Use Cycles in Your Trading Plan
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 [...]
10 tips for preparing for a profitable trading day
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 | Mo | 1 comment | Continued
Raving Fans of MarketClub
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 | Mo | 0 comments | Continued
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 [...]
