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…