You might recall this previous article which talks about the fact that the real source of my edge is not my strategy, but rather it's me. The knowledge, the skill and the attitude which I bring to the market each day. I'd like to touch on a part of this edge today and then…
One of our aims in trading the financial markets is to make sure that we're trading in the right places on the price chart. Places which make sense when viewed from the perspective of the psychology of the market participants. Places which make sense when viewed from the perspective of the structure of the…
Too many people are just spinning wheels and getting nowhere. Here's what I think. Many of you have sufficient knowledge and skill to achieve success. But your focus is on trading rather than on making money. And the end result of this is too many low probability trades in really bad environments. Let's fix…
I see far too many traders destroy a session through fighting the market. Again and again and again. You need to break the pattern. Try implementing this rule: Two Attempts – Then Reassess! After two attempts at a trade idea, if it hasn't worked, it's clear that something is not right. You're not…
It's very easy in this business to bury ourselves in complexity. Typically leading to nothing but feelings of extreme overwhelm and doubt. It can help at these times to "step back" a little and look at the bigger picture. At a simpler level, what exactly are we trying to achieve here? I would suggest…
