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…
One week down. Fifty one to go. I hope you’re off to a good start. But I know there are some who already dread the outcome this year. At least two of you were chatting with me this week, following Wednesday mornings social media post. Their problems go FAR beyond what was discussed in this…
The following chart was sent to me by a trader who just completed his very first futures trade. It shows the MNQ (Micro E-mini NASDAQ) on a 3 minute timeframe, YTC Price Action Trader BOF Setup off the overnight low and prior day’s low support. A one part position (all-in-all-out). He took a small loss,…
Let’s talk about Market Structure and Price Action study, commencing with a question I received on Thursday – Do you still do daily study of market structure? And my response, sent out via social media: A followup comment from the original questioner… “I’ve tried this in the past but not been able to stick with…
This is an example of an incredibly common question I receive from new and developing traders. Ok, let me first just point out that the “many courses” does not include my course. 🙂 That’s not the point though. The point is in the highlighted sections – all he does to date is lose money –…
The following post was sent out by social media recently. Unfortunately social media algorithms result in only a fraction of followers actually seeing the post. And this one is IMPORTANT. So I’ve decided to include the post in both the newsletter and the blog, to help spread the message. Edge… not just through setups. By…
I sent out the following social media post before the market opened on Thursday. The chart sequence was from the day before (Wednesday). But then Thursday happened. Wow! Volatility is well and truly back. So now Thursday shifts to the forefront of my plans for weekend replay. Both days if time… but otherwise Thursday is…
