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 not…

Trading Process and Strategy

Every Price Interaction with Support or Resistance is Unique

The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)