Other Recent Articles
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 | 0 comments | Continued
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 | 0 comments | Continued
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 | 3 comments | Continued
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. 4Aug2008 | Mo | 1 comment | Continued
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 | 1 comment | Continued
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 | 0 comments | Continued
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
How To Put Your Past Failures Behind You And Move On To Trading Success
In the early days of trading, I once lost $1600 overnight because I made a mistake and left two contracts open. Another time I lost $400 and then another $1500 on a mad binge trying to get the $400 back. It was painful. Gut twisting, panic inducing, emotional hell. Not only in [...] 16Jul2008 | Mo | 1 comment | 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 | 5 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
