Trader

Mindset – You vs Me

  Your mindset is either working for you or against you. To some degree, you get to choose. NOTE: An essential ingredient in operating with a mindset of wonder is a pre-acceptance of risk. We discussed this recently here. Before any trade you must pause to confirm that: A full loss on this trade will…

Trader

Wait till it’s Clear of Recent Structure

  I don't know if you're like me, but if you are then you'll have this dark-side of your personality that surfaces from time to time. A side that just WANTS TO TRADE. A side which doesn't so much care about the conditions of the market. Given the slightest hint of opportunity, it wants to…

Trader

Pre-Acceptance of Trade Risk

I will NEVER take a trade without having pre-accepted the potential for trade loss. Because the fact is that MANY will lose. Pre-acceptance of trade risk means that I am comfortable with taking the loss and will do so immediately without hesitation. Pre-acceptance of trade risk means that I'm not overly concerned with the monetary…