This is for every one of you who hate finishing a day in the red…
Happy trading,
Lance Beggs
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The Imperfect Trader
Continuing my fight against the novice belief that "everything must always turn out perfect!"…
Finding The Places Other Traders Got It Really Wrong
I really like this statement from last week's article, where we discussed how I use "the other trader" to identify good trade opportunity. If I can't feel someone on the other side of the trade getting it really wrong, there is no trade. Step one in implementing this idea into your trading, is to…
Surrender your Fate to the Markets
In my experience, most traders are too focused on individual trade results. Individual trade results do not matter (provided of course they do not violate your trade, session or longer timeframe drawdown limits). You need to expand your focus beyond the individual win or loss. Once you've proven your strategy in a sim environment, the…
Linking your Trading Journal to your Charts
My current business practice is for the use of an electronic trading journal spreadsheet, plus hardcopy printouts of charts. For those though who prefer to operate all electronic, saving on folder after folder of hardcopy printouts cluttering your trading office, the following is a simple Excel trick to allow you to easily find the chart…
52 Weeks of the Best and Worst Trades
Imagine if you started this exercise a year ago: You’d have an incredible database of 52 “best of” trades and 52 “worst of” trades. An incredible resource of what works and what doesn’t. And clarity as to the path you need to take to grow and develop YOUR edge in the markets. Most likely though,…
Improving Your Trading Results
Right now as I sit and write this article, it’s coming up to the end of 2008 and I’ll be shortly taking a well-deserved break from the markets and my website. Of course, as an admission that I’m addicted to trading, this won’t be a total break. I have some trading books to read and…