Some days the markets are just messy. Choppy price action which does it’s best to whip you out of a trade before it moves on without you. The best way I’ve found to manage this (apart from just standing aside) is to accept the chop and work WITH it through focusing and finding a re-entry…
Trading is a performance activity. So much of your success or failure comes down to your ability to make quality execution decisions in real-time. And so much of that depends upon your ability to keep your focus OFF yourself, during those times when things are not going quite right. Take the focus off yourself. And…
Let’s return to the sporting world… because there is so much we can learn from the way that professional sport manages mindset and performance. In particular today, let’s consider the half-time team talk. The team has walked from the field and is back in the locker room. You’re the coach. You’re responsible for guiding this…
A few weeks ago I shared some ideas on how to best manage your mindset when very little goes right. This was based upon a session which started out with missed opportunity followed by a period of sideways chop. You can see the prior article here if you missed it – https://yourtradingcoach.com/trader/managing-your-mindset/ I thought we…
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,…
A massive part of your success or failure in this business depends upon your ability to manage your mindset at those times when very little goes right. Let me repeat… A massive part of your success or failure in this business depends upon your ability to manage your mindset at those times when very little…
Sometimes the structure and price action are easy to read and easy to trade. And sometimes it’s a real challenge. But it can always be made that much harder when we impose our own ego and beliefs upon the market at a time when they just don’t align. Case in point – I hate all-time-highs….
Let me share some great email Q&A. Firstly because this question will be relevant to many of us. And secondly because if you have some other thoughts on this issue I’d love to hear them. Feel free to add comments below the blog post. QUESTION: Your job as a trader is not to watch every…
I’d like to return to the session we discussed last week. And in particular the price action which followed that discussion. Because I found conditions quite challenging. And yet I’m fairly pleased with how I performed. With one exception. Let’s check it out. Stuck! Inside my head! Having forgotten that there is a simple way…
If there is one thing I want people to take away from all these years of writing about markets, it’s an acceptance of the fact that you do NOT have to get every trade right. New traders have this incredible need to be right. I know because I was there myself once. And because I…
