Trading Process and Strategy

Failure Scenarios

I love this comment from David on last week’s article – Long is Wrong 2. The key part is highlighted. I’m actually really excited to see someone recognise the importance of watching for failure scenarios. Opportunity exists at the places where large numbers of traders get something wrong. The times and places where obvious expectations…

Trading Business

High Volatility – Thoughts for Developing Traders

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 your…

Trader

Resume the Fight at a Time of YOUR Choosing

I sent the following post out via social media on Tuesday, prompted by some discussion with a trader who dug himself into quite a hole through doubling down on losses. This message is so important I thought I'd share it with my larger audience here in the newsletter. And also take the opportunity to expand…

Trader

Be Water My Friend

  Last Sunday I shared this great video on YTC Facebook and YTC Twitter: It led to an email discussion with a YTC newsletter reader who accepts the value of motivation to a trader, but couldn't see the relevance of the Bruce Lee quote in the middle. The quote commences at 1:37, if you wish…

Trading Process and Strategy

Late Session Breakout – Early Session Opportunity – Email Q&A

  Last week we examined an early-session opportunity in the Australian SPI futures market. See here if you missed the article: https://yourtradingcoach.com/trading-process-and-strategy/late-session-breakout-early-session-opportunity/ Over the weekend I received an email from a reader asking an excellent question. I thought I should share it with you all. Question: Hi Lance, You mentioned that there were 2 opportunities…