Let me start by sending out a massive THANK YOU to the whole YTC community. I believe last week's article set a new record for the amount of feedback it received. And all positive, which is nice to see! 🙂 Check it out here if you missed it – https://yourtradingcoach.com/trading-business/stretching-to-the-next-level/ The aim of the article…
Do you have trading goals? Whatever it is, that's fine. As long as you're making progress towards that goal. Let's be honest though… are you actually making progress? I hope you are! But I speak to a lot of developing traders and the fact is that MOST are not making progress. Here is a problem…
Do not jump straight into live trading! Success with any trading strategy should follow a graduated implementation plan, to allow you to increase risk ONLY as you have proven sufficient knowledge and skill at each risk level. YTC PAT Vol 5 discusses deliberate practice and provides a detailed example of a graduated learning plan. YTC…
As we come to the end of year you’re all hopefully spending some time to review the prior year and plan the upcoming year. Maybe you’ll even make some New Years trading resolutions! The following five steps will assist in making better plans and resolutions; hopefully allowing you to stick to them beyond the 2nd…
Trading stopped for me yesterday (22nd December) and will not recommence till the first Tuesday in the new year. Yes, markets are open during this period, but with many professional and institutional participants on holidays, volumes will be lighter and any opportunity will be lower probability. I prefer to take a break rather than…
"Good is the enemy of great."…Jim Collins I am guilty of allowing my trading development to stagnate. Generally happy with my level of performance, I have seen little new progress over the last year. To some degree, the 3-4 hours per day answering YTC emails and writing a new blog post or newsletter article does…
In the absence of a curriculum for trader training, and of a mentor who can provide daily guidance, oversight and correction, we are largely left on our own to both chart and navigate our path forward from novice to (hopefully) becoming a professional and consistently profitable trader. All too often though, the way forward is…
“Learning is not compulsory… neither is survival.” … W. Edwards Deming, 1900 – 1993 If you’d like to survive in this game, you need to learn. And while the books and courses are good, the best learning comes from making trades and reviewing your performance. So, as we approach the end of the first quarter,…
Right now as I sit and write this article, it’s coming up to the end of 2008 and I’ll be shortly taking a well-deserved break from the markets and my website. Of course, as an admission that I’m addicted to trading, this won’t be a total break. I have some trading books to read and…
