Trading Business

So When Should You Quit?

  Over the ten years that I've been running this site, I've chatted with quite a few traders on the verge of quitting out of frustration. In the last month, there have been two. And for both, as for everyone before, I've offered an alternate plan. Because I don't think frustration is a valid reason…

Trader

Improving and Maintaining FOCUS for Day Traders

  This is not for those who trade longer timeframes. If you trade the 15 minute chart or higher then you should NOT be aiming for constant screen watching all day. Set alarms to monitor price on completion of each trading timeframe candle. And price alerts to bring your attention back to the charts at…

Trading Process and Strategy

Caught on the Wrong Side of the HTF Trap

  Last week we profited from recognising and exploiting a Higher Timeframe (HTF) trap. Check it out here if you missed it – https://yourtradingcoach.com/trading-process-and-strategy/higher-timeframe-trap-everyone-long-above-this-level-is-wrong/ This week, let's look at the other side of traps. The fact that sometimes… the trapper becomes trapped. Repeating for effect: You don't always get it right. Sometimes you're "the other…