Trader

What We Fear In Trading Is…

A key component of my trading documentation is my Lessons Learnt Journal – a collection of insights organised into numerous trading-related categories. It creates a great tool for both formal review and learning, and also for casual reading whenever I’ve got a spare few minutes. Within this invaluable resource, and amongst the numerous market structure…

Trader

Controlling Greed

From time to time I like to share some of the reader Q&A, as it often contains lessons or information that is important for all of us who aspire to master this trading game. The following is a great question from one of the YourTradingCoach newsletter readers, Rory:   Question: I have to thank you…

Trader

Forming a Bias

The following is some reader Q&A following publication of  Advanced Candestick Analysis (Part 1 of 2).   Question: Hi Lance Great article and of high value, I am impressed man. Only one thing if I have problem from time to time with is: BIAS. My trading suffers whenever I form any BIAS whether its for gap…

Trader

The Greatest Trading Loss

What is the greatest risk you face in trading? Is it loss of money? Certainly, that’s what most traders believe. I tend to disagree though. In my opinion we have something much greater at risk, that very few of us consider during the ‘learning phase’. The American political journalist and author, Norman Cousins, is quoted…

Trader

Trader Fatigue Management

Fatigue management is a favorite topic of mine, due to my interest in aviation and in particular aviation safety. In military aviation, in both a training and operational environment, fatigue management is recognized as an essential function of command, in order to minimize risk and enhance operational effectiveness. The same applies to the management of…