Let’s look at a slight variation of the “One Week Five Innings” concept discussed over the last two years. The background first for those who might have missed it: Article 1: One Week – Five Innings – Show Me How Good You Are! Article 2: One Week – Five Innings – Part 2 These articles…
Reader Question: “What are your thoughts on stopping each day at a daily profit target?“ Firstly, can I be a little harsh and say that this should not be a question. Test the idea on your own data. Look back at the last several months of trading and ask, “How would the equity curve change…
I realised during the week that two of the concepts we discussed in previous years could be combined in a way to help with intraday discipline. The First Concept: Don’t Break the Chain This was introduced back in 2013 via the following article: Don’t Break the Chain – A Simple Tool to Improve Consistency Please…
So very, very true: “Sometimes you’re going to have games where you just have to grind it out. And the teams that can find ways to win these type of games are going to be successful.” – Candace Parker, Professional Basketball Player, Chicago Sky (WNBA) And so very applicable to trading. Let’s create a trading…
I’m a big fan of using calendar events in managing my trading business. A chance to close out one chapter and to start another. So here we are in July, midway through the year. And I want to suggest to you that this offers the perfect opportunity to pause and reflect on your performance so…
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…
