9/8/2013 If your trading method stops working, DON’T ASSUME IT IS BROKEN. It is more likely that market conditions have changed. Wait for the market to settle down and resume trading your normal method.
The largest academic study ever conducted on day trading shows that most traders lose money …. even during a bull market. Only 4% of active traders were able to earn significant profits two years in a row. Are 96% of traders dumb? Hardly. As a trading coach for...
As a trading coach, I’m aware of the parallels between sports and trading, particularly with respect to the attitudes of offense and defense. Because these states of mind are so different, you might assume that it is obvious when you are in one or the other....
Markets are designed to fool the most people possible. As a trading coach and trader, I’ve learned that the answers to how to trade are often paradoxical and contradicts common sense. The reason is simple: most of our problems in trading are self-generated, so...
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