I want to start by taking you back to an article published in December 2021 and reposted just two months ago – Two of the Most Important Weekly Review Questions. Two of the MOST IMPORTANT weekly review questions: What is my current goal? What do I need to do to get there? Not vague…
I had an interesting thought while trading (or trying to trade) the following sequence: And then I thought… In over 10 years of writing for YTC, I don’t recall anyone EVER sending me a chart and saying that they’re pissed off that they missed a trade… WHICH WOULD HAVE LOST. Maybe, like my initial reaction,…
Let's start by assuming that you are tracking your trade results and compiling stats to drive further growth and development. (See here if you're not!) What do you do when you discover one part of your trading plan consistently underperforming? It might be one particular setup. It might be one particular type of market…
This is for every one of you who hate finishing a day in the red… Happy trading, Lance Beggs
A VERY common theme amongst the email Q&A I get from new and developing traders is the frustration that comes from having a losing trade. They typically want to know where they went wrong. Or what they should have done better. Often though… there was NOTHING wrong. Losses happen. Seriously! This is not a game…
Continuing my fight against the novice belief that "everything must always turn out perfect!"…
Sometimes the markets can seem so cruel.
I've covered quite a few topics throughout 2014, but I believe the most important by far has been my attempt to have people looking for success over a series of trades, rather than on any individual trade. Not every trade idea works! But that's ok and that's normal. Keep the losses contained. And work…
I always liked this passage from Street Smarts by Linda Raschke and Larry Connors: "No matter how long you trade, you'll never do it perfectly. Case in point. A friend of mine is a retired market wizard. This man has made over $100 million trading futures. He told me that his biggest weakness was…
Imperfection is part of the game. Expect it. While you should always seek to minimise error and to improve your market reading skill and decision making abilities, you cannot ever completely eliminate imperfection. Instead, your job is to learn to profit over a series of trades, despite the presence of imperfect decisions and actions.
