I’ve spent 15 years now writing for YTC. In this time I’ve come to realise that those who take action are a rare breed of people. Well done if you have. But if not… let’s use the start of the new quarter as a line in the sand. A time to leave behind your mediocrity….
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 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…
The following chart was sent to me by a trader who just completed his very first futures trade. It shows the MNQ (Micro E-mini NASDAQ) on a 3 minute timeframe, YTC Price Action Trader BOF Setup off the overnight low and prior day’s low support. A one part position (all-in-all-out). He took a small loss,…
This is an example of an incredibly common question I receive from new and developing traders. Ok, let me first just point out that the “many courses” does not include my course. 🙂 That’s not the point though. The point is in the highlighted sections – all he does to date is lose money –…
The following post was sent out by social media recently. Unfortunately social media algorithms result in only a fraction of followers actually seeing the post. And this one is IMPORTANT. So I’ve decided to include the post in both the newsletter and the blog, to help spread the message. Edge… not just through setups. By…
You Can Do Better Your understanding of market structure and orderflow can be better than it currently is. Your pre-session routine can be done better than you’re currently doing it. Your trading state (physical, mental, emotional, spiritual) can be managed better than you’re currently doing it. Your assessment of bias can be done better than…
We’ve talked for quite a few years about tracking your trading results in “groups of trades”. And using the stats from those groups to drive your growth and development. (If you need a larger copy of the original flowchart image, I believe this was the first article it appeared in.) It can be very tempting…
I think it's time we revisited a topic we discussed a few years back. The fact that an individual trade does not provide sufficient data to allow you to make informed changes to your plan. Changes MUST consider the impact across a series of trades. I see this problem repeatedly in email conversation with new…
