Trader

Embrace the Suck

  Let's talk a little about mindset. Or more specifically about our expectations leading into the day. Because I suspect that the way I approach the game differs quite a bit from many other traders. The market has opened… It's all about expectations. I expect a really tough day… and embrace the suck. Source: Wiktionary…

Trading Process and Strategy

Sideways Trend into the Open

  On Monday, prior to the market open, I shared the following YTC article via social media – https://yourtradingcoach.com/trading-process-and-strategy/patience-at-the-open/ The title of the article is "Patience at the Open". And that pretty much sums up my intent in sending out that link. Simply trying to slow down the excitement and stop you jumping into the…

Trader

Mindset – You vs Me

  Your mindset is either working for you or against you. To some degree, you get to choose. NOTE: An essential ingredient in operating with a mindset of wonder is a pre-acceptance of risk. We discussed this recently here. Before any trade you must pause to confirm that: A full loss on this trade will…

Trader

Trading Alongside the Uncertainty and Fear

  I shared the following post via social media on Wednesday:   Without doubt, this is one of the key lessons we must learn on the way to becoming a professional trader. And so I was incredibly pleased to get the following reply: Brilliant! Thanks A.H. This is exactly the right approach to the presence…

Trading Process and Strategy

Trading an Uncertain Trend

  The YTC Price Action Trader provides clear definitions for a trend – uptrend, downtrend and sideways trend. But despite this, there will be times where price action offers something that is not so easy to read. One of these times can be immediately following a news release:   It would be great if the…