Trader

The Hardest Trade

  What do we do here? Well there's not a lot we can do. It's missed opportunity. And yes, I know that with hindsight we can look at the lower timeframes and find ways we "could" have got in. But we're not hindsight traders! It's missed opportunity. It's gone. And our job is now to…

Trader

Embrace the Suck

  Let's talk a little about mindset. Or more specifically about our expectations leading into the day. Because I suspect that the way I approach the game differs quite a bit from many other traders. The market has opened… It's all about expectations. I expect a really tough day… and embrace the suck. Source: Wiktionary…

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 not…

Trader

A Shift in Mindset – 2

  Last week we discussed a common problem with new and developing traders – difficulty accepting losses as a normal part of the game. And we discussed a simple idea for moving beyond this problem, through seeking profits over a larger series of trades rather than any individual trade. You can see last week's article…