This is for every one of you who hate finishing a day in the red…
Happy trading,
Lance Beggs
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Why You SHOULDN’T Get Anyone to Review Your Trade
I receive a LOT of requests to review people's trades. Rarely winning trades. Almost always a trade which either lost or was scratched at or near breakeven. "Was this a good trade?" "Was I right to take this trade?" "Should I have (entered earlier / entered later)?" Or any other variation of these type of…
One Trade Does Not Provide Enough Data
I think it's time we revisited a topic we discussed a few years back. The fact that an individual trade does not provide sufficient data to allow you to make informed changes to your plan. Changes MUST consider the impact across a series of trades. I see this problem repeatedly in email conversation with new…
Never Stop Experimenting
Growth never stops. Schedule some time to play. To experiment. To explore. Often it will lead nowhere. But sometimes it might create new insights which transform your trading and your life. Persistent thought 1: "Is there any reason why I have to wait till 0930ET (12:30am my time)? When "life" allows, why don't I…
How Many Hours A Day Should I Practice?
Email question: How many hours a day should I spend reviewing charts with my busy schedule? Response: How many hours a day do you expect a pro golfer practices? How many hours a day do you expect a pro musician practices? How many hours a day do you expect a (insert any other elite performance…
My Post-Session Routine
I operate my trading business in accordance with my Procedures Manual, which documents the procedural steps I will carry out in order to complete: My pre-session routine My during-session routine My post-session routine My contingency management procedures We discussed the pre-session routine in a previous article – https://yourtradingcoach.com/trading-business/my-pre-session-routine/ In this article, I’d like to discuss my…
The Counter-Intuitive Path to Trading Success
I recently received an email from a YTC reader with an incredibly important insight into trading success. Here's an extract from the email: Hi Lance, I heard this recently while watching football. It's not how many great plays you make, it's how few bad plays you make. I immediately emailed this to myself because it…