The following post was sent out by YTC Social Media on Tuesday. This is a concept that is SO important. Everyone studies their trades. Primarily their losing trades. I want you to study the environment as well. Both those that prove incredibly challenging AND those that offer incredible opportunity. This post focussed on the latter….
My planned article is on hold, hopefully scheduled for next week. Horrific developments yesterday, with Russia invading Ukraine, have led to extremes of volatility. And a desire to share a different message. One for new and developing traders. One that you may not want to hear. But one that is necessary. My desire is to…
I want to return to an image we discussed several years ago, showing the various stages of a typical traders journey. There may be slight variations for some traders, but the reality is that for the majority of us it’s a step-by-step process of growth and development. And that brings us to today’s topic. In…
I think this is perhaps one of the most important social media posts I published, way back in 2019. The transition from one month to another provides a tremendous opportunity to pause, reflect and reorient your trading business. And the same concept applies right now, as we transition from one year to the next. The…
My email inbox is filled with some serious “bang my head against the wall” moments. People not making any progress after SO LONG. And yet they don’t have any serious review process in place. There’s nothing anyone can do for these people. They are like cannon fodder in the markets; for as long as they…
Monday provided a beautiful example in the NQ daily chart of an overextended market pausing with a narrow-range inside day. Volatility contraction! A place of opportunity for those who’ve seen it before and who’ll be ready to react. And a place of learning for those who are new to this game. So I sent out…
We have talked a LOT over recent years about the importance of reviewing trade stats in GROUPS. And using this analysis to drive our growth and development. This simple concept here: I still believe this is the best way to monitor the health of your business and to drive improvement. Small groups, occurring regularly. With…
Imagine if you started this exercise a year ago: You’d have an incredible database of 52 “best of” trades and 52 “worst of” trades. An incredible resource of what works and what doesn’t. And clarity as to the path you need to take to grow and develop YOUR edge in the markets. Most likely though,…
What a way to start the week! But we didn’t necessarily know this at the open… so let’s step back to 09:30 and trade. The obvious conversation that will follow… “But Lance, I can see quite a few trades there. If you look at….(indecipherable as I’ve stopped listening at this point)” “Ok, thanks. But I…
Let’s return to the sporting world… because there is so much we can learn from the way that professional sport manages mindset and performance. In particular today, let’s consider the half-time team talk. The team has walked from the field and is back in the locker room. You’re the coach. You’re responsible for guiding this…
