This is for every one of you who hate finishing a day in the red…
Happy trading,
Lance Beggs
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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…
Keep It Simple
It's very easy in this business to bury ourselves in complexity. Typically leading to nothing but feelings of extreme overwhelm and doubt. It can help at these times to "step back" a little and look at the bigger picture. At a simpler level, what exactly are we trying to achieve here? I would suggest…
A Simple Step to Becoming a Better Trader
After every trading session, find something you can learn from. Perhaps a market structure feature. Perhaps an interesting sequence of price action. Perhaps a trade management insight. Whatever you find to be of most value! Document it. Store it in your journal. Review your journal as often as possible. Two examples… 1. A…
Two Attempts – Then Reassess (2)
The quicker you can recognise that you're wrong… the quicker you can become right. Here is a useful rule: Two Attempts – Then Reassess! After two attempts at a trade idea, if it hasn’t worked, it’s clear that something is not right. You’re not in sync with the market. Either: You have misread the…
Thoughts Leading into the New Year
My performance last year… NO LONGER MATTERS. WHAT MATTERS… IS WHAT I DO RIGHT NOW! I am scheduling time during my Christmas and New Year break for three major areas of focus: 1. REST I don't yet know the challenges that I'll face in the new year, but I know that I will be…
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…