I think it's time we revisited a topic we discussed a few years back. The fact that an individual trade does not provide sufficient data to allow you to make informed changes to your plan. Changes MUST consider the impact across a series of trades. I see this problem repeatedly in email conversation with…
This chart is from Thursday 19th March 2020. A couple of quick trades and then STOPPED. Done for the day. Why stop? Because today was a Hit & Run day! Trading is a performance activity. And it's our job to manage ourselves in an attempt to get as close to peak performance as possible….
We have been blessed with some absolutely amazing markets lately. Incredible daily ranges. Incredible opportunity. And incredible risk, if not played wisely. So while it's tempting to use today's article as an ego-boosting review of a couple of winning trades, that's not really what motivates me with my YTC writing. I'm more concerned about…
The following screen capture was sent out via social media a fortnight ago. I think it's so important that I want this to go out to everyone on the newsletter list as well. Plus an entry into the blog for future readers. It's a quick response to an exceptional question – what are five…
I make it a practice to never recommend any particular market as being suitable for your trading. It's none of my business what you choose to trade. I don't offer financial advise and to do so would be completely irresponsible as I have no insight into your individual needs or circumstances. (For more, see…
I want to share a simple process used by a reader in addressing a recurring problem in his trading. I was happy to see him use this approach, because it references a post-session technique I shared quite a few years back. And perhaps it will be useful to you as well, in ensuring compliance…
I posted the following image on social media on Tuesday, showing a nice example of a false breakout and reversal from a period of volatility contraction. The important point though… and the one which offers the most value to you… is not the image itself but rather the text that was posted alongside the…
Part One is here if you missed it – https://yourtradingcoach.com/trading-business/my-go-to-method-for-solving-trading-problems/ In that article I presented a three question framework which I use to seek solutions to any of my trading problems. Can I avoid the problem? Can I reduce the frequency? Can I reduce the consequences? Or in simpler English: Is there something…
The internet is full of problem-solving models and systems. But here's one I've been using my whole trading career. It's a simple series of three questions. A subset of five questions regularly used back in my Aviation days in order to manage risks (only three of the five are usually relevant in the trading…
Most discretionary traders see their job like this: What if you switched this around a bit? What if you redefined your job as follows: Is it possible that relentless focus and commitment to the processes and routines which guide your decision making and behaviour… might just see improvement in the actual trading results? This…
