Other Recent Articles
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 [...] 31Mar2008 | Mo | 0 comments | Continued
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 [...] 23Mar2008 | Mo | 0 comments | Continued
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 [...] 13Mar2008 | Mo | 0 comments | Continued
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 [...] 6Mar2008 | Mo | 0 comments | Continued
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 [...] 4Mar2008 | Mo | 0 comments | Continued
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 [...] 4Mar2008 | Mo | 0 comments | Continued
5. How clear are you about your trading methodology?
In the last trading advice blog post, we discussed the relative importance of Method, Money Management and Mindset. I don’t want to give the impression that methodology isn’t important – it is. The more confident you are in your method, and proficient you are in trading it, the more you’ll be able to make it [...] 21Feb2008 | Mo | 0 comments | Continued
4. The 3 Pillars of Successful Trading
One of the first things you learn when you begin trading, and as you saw in the self-evaluation, is that there are three main areas of focus for the trader: Methodology, Money Management and Mindset. I’m not sure how obvious this is to you at this point, so excuse me if I’m [...] 20Feb2008 | Mo | 0 comments | Continued
How do you measure up? Use this free self-evaluation to identify your trading strengths and weaknesses
Before the trading advice gets going it will probably be helpful for you to know where you stand regarding the main pillars of trading. Obviously there isn’t a ‘one size fits all’ prescription for turning your trading around so by evaluating yourself, you’ll know where you need to focus the most. Here’s the evaluation… 20Feb2008 | Mo | 10 comments | Continued
2. What’s it going to take to become profitable?
Trading advice blog boils it down to the most basic terms: A methodology or system that is consistently profitable and that you can trade consistently profitably. A practical system for risk/money management to protect you from yourself, that you follow as though your life depends on it, and that [...] 19Feb2008 | Mo | 0 comments | Continued
