Trading Process and Strategy

If you find yourself out of your trade, the reality is that you won’t always find a way back in!

  Hindsight analysis is always suspect. Our normal human biases have us believing that we would have made the optimal trade decisions. After all, they always look so simple with the benefit of hindsight. So I'm always hesitant to provide my thoughts on someone else's trade review. But it's the Christmas / New Year week…

Trading Business

Stretching to the Next Level – Followup

  Let me start by sending out a massive THANK YOU to the whole YTC community. I believe last week's article set a new record for the amount of feedback it received. And all positive, which is nice to see!  🙂 Check it out here if you missed it – https://yourtradingcoach.com/trading-business/stretching-to-the-next-level/ The aim of the…

Trading Business

Stretching to the Next Level

  Do you have trading goals? Whatever it is, that's fine. As long as you're making progress towards that goal. Let's be honest though… are you actually making progress? I hope you are! But I speak to a lot of developing traders and the fact is that MOST are not making progress. Here is a…

Trading Process and Strategy

“But it’s scary!” “What if it fails?”

  I received some interesting comments about a trade in a recent article – https://yourtradingcoach.com/trading-business/the-good-the-bad-and-the-ugly/ Here's an image from the article, showing the entry SHORT against a single wide-range bullish candle. Review the original article if you want to see the context behind the trade. For now though, I want to discuss some concerns that…

Trading Business

The Good, The Bad and The Ugly!

  Here is another way to track and review trades… with a classification system that makes it a little bit of fun! During your post-session review you classify them into one of three categories: The Good – Trade ideas which DID have edge and were well managed. The Bad – Trade ideas which DID have…

Trading Business

A 50% Win Rate IS Enough

  I love this recent email exchange with a new trader… Email received: (We'll come in mid-stream as the earlier conversation is not relevant to this article!) Great Lance, thanks for responding and giving me all this information. I plan on trading highly liquid stocks and probably the intraday with the occasional swing trade. I've been…

Trading Process and Strategy

The Other Trader (4)

  Let's continue with the metagame concepts discussed in recent months. Here – The Other Trader Here – The Other Trader (2) Here – The Other Trader (3) Here – Metagame Trading And of course based upon concepts from here: YTC Price Action Trader Here is the basic idea… If I can't feel someone on…

Trading Business

Trade Less; Review More!

  Day Traders If you're not currently profitable, or achieving the level of success you wish to achieve… Is your current situation something like this? WRONG! WRONG! WRONG! I know there is a LOT to be learnt through live trading. But it's the review process which drives growth and development. You'll see things during a…