Trading Business

Reviewing Old Charts

Reviewing Old Charts (AKA… "I can't believe I held the trade past that stop loss") I highly recommend keeping ALL your old trading charts and journal notes. They're great to review each now and then. Not only do they offer educational value but they also offer a source of motivation in allowing you to see…

Trading Process and Strategy

Stopped Out… But The Premise Remains Valid!

The recent Winning Through Losing Better series talked, amongst other topics, about the importance of pre-acceptance of risk. In particular the following: Pre-acceptance of trade risk means that I'm not overly concerned with the monetary loss and can keep my focus on the process of analysis and effective decision making. My focus remains on process,…

Trading Process and Strategy

Winning Through Losing Better (2 of 2)

Last week we examined losing trades from a mindset perspective (see here for article 1). This week, let's examine a different aspect of "winning through losing better" – using losing trades as a source of improvement. Wherever you currently sit on the P&L scale, whether consistently in drawdown, stuck at breakeven, or achieving some degree…