Common complaints about the market open: It’s too fast! It’s too volatile! There is too much uncertainty! I get it. And perhaps these traders are best just standing aside. Allowing some structure to develop and THEN trading. But here’s what I think. They’re missing an important point. YOU can create SIMPLICITY within that uncertainty by…
Three weeks ago we discussed a Mental Reset routine for quickly and effectively returning your mind to the present moment. (See here: Improve your Edge with a Mental Reset Ritual) Two weeks ago we continued our discussion, talking about the optimal mental and physical state I’m seeking to achieve in my own trading. (See here:…
The market open demands a flexible mindset Not everyone performs well at the market open. That’s absolutely fine. Some are better standing aside till structure develops and conditions have revealed themselves. And then trading off this opening structure. It’s all good. There is plenty of trading still available. For me though, I like the market…
Let’s begin where we ended last week, with our Mental Reset routine for quickly and effectively shaking off any disappointment and returning ourselves to a state of focus. Step back from my desk. Look at my hands. Wipe and shake my hands as if removing water from them (mentally releasing and letting go of the…
My apologies to those who saw this on YTC Social Media last weekend. The fact is that this is far too important to let slide. And it will reach a FAR GREATER audience through my newsletter and blog. The following is a damn good video on developing an effective trading mindset. Play the video. And…
I’m certain there are not many “jobs” at all where people look forward to Mondays. Trading is the only one that I’ve found. Even more so when I’ve been away from the markets for a while. So this was my social media post sent out pre-session on Monday. A little reminder to slow down and…
Right and wrong are actually poor terms to use when discussing analysis. Everything is of course “probabilities”. More correctly we should possibly refer to our ability to make positive or negative expectancy decisions and whether not the outcome falls in our favour. But I assume you know what I mean. So let’s go… You WILL…
So very, very true: “Sometimes you’re going to have games where you just have to grind it out. And the teams that can find ways to win these type of games are going to be successful.” – Candace Parker, Professional Basketball Player, Chicago Sky (WNBA) And so very applicable to trading. Let’s create a trading…
Monday started with some obvious expectations. It’s a simple plan to start the session. A sideways trend in the pre-market, with clear and obvious range boundaries to trade off (BPB / PB) as the market drives hard for either gap fill or gap continuation. But wait! Do you remember this from back in February? …
We’ve all felt that temptation to move the stop. It’s easy to rationalise, at the time. “It just needs a little more room. And just this once. I promise!“ Here’s the reality though: You weren’t really “giving the trade more room”. You were scared of taking the loss and afraid to admit it. You didn’t…
