Trader

Background Music for Focus

Over the years I've traded with various different forms of background music or noise, with the aim of finding that right combination that allows me to work with a positive and confident attitude and laser-like focus. Not surprisingly, I guess, what works best tends to vary from time to time with my prevailing mood. I've…

Trading Business | Trading Process and Strategy

Market Structure and Price Action Study

  "Fortune favors the prepared mind." … Louis Pasteur   In a recent article I discussed the importance of regular study of market structure and price action. See here if you missed it – https://yourtradingcoach.com/trading-business/a-simple-step-to-becoming-a-better-trader/ After every trading session, find something you can learn from. Perhaps a market structure feature. Perhaps an interesting sequence of…

Trader

Expect Imperfection – Part Two

  I always liked this passage from Street Smarts by Linda Raschke and Larry Connors: "No matter how long you trade, you'll never do it perfectly. Case in point. A friend of mine is a retired market wizard. This man has made over $100 million trading futures. He told me that his biggest weakness was…

Trader

Expect Imperfection

  Imperfection is part of the game. Expect it. While you should always seek to minimise error and to improve your market reading skill and decision making abilities, you cannot ever completely eliminate imperfection. Instead, your job is to learn to profit over a series of trades, despite the presence of imperfect decisions and actions.

Trader

Do You Need A Better Belief System

  "The words we attach to our experience become our experience." … Anthony Robbins   The following are extracts taken from email Q&A with traders (taken at random from my email archives). I love trading and keep on working hard, striving to become a better trader each day. I am constantly working on my weaknesses…