Trading – the Art of Managing your Imperfection within an Environment of Uncertainty! I seriously love this game. And the challenge it presents to us each and every day. Probes, tests, retests and all manner of chop in an ambiguous environment of constantly shifting pace, volatility and direction. And we enter this arena with a…
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
Let’s see if I can create a mindset shift in some of you, in the way that you view your trade entry decisions. This discussion comes about due to a question I received after last week’s article: Can we talk about your first trade? In the third image you said you took a small entry…
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…
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…
I don't care how good your analysis is. There are NEVER any certainties that a target will be hit. So let's look at a little technique which can help your decision making during both the trade planning and trade management phases. This article idea was prompted by some great email Q&A I received recently….
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…
I shared the following post via social media recently: 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 of the…
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…
Continuing my fight against the novice belief that "everything must always turn out perfect!"…
