Trading Business

Stretching to the Next Level – Followup

  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…

Trading Business

Stretching to the Next Level

  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…

Trading Process and Strategy

A Strategy Implementation Plan

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…

Trading Business

Don’t Waste the Christmas / New Year Break

  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…

Trading Business

3 Simple Steps to Accelerate Your Learning

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…

Trading Business

Time for a First-Quarter Review

  “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…

Trading Business

Improving Your Trading Results

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…