This is for every one of you who hate finishing a day in the red…
Happy trading,
Lance Beggs
This is for every one of you who hate finishing a day in the red…
Happy trading,
Lance Beggs
This doesn't sound too appealing, does it: 10:30pm – Trading Preparation 11:30pm – Market Opens – Commence Trading 01:00am – Stop Trading – Commence Post Session Review 02:00am – Wind-down 03:00am – Bed 07:00am – Up to get the kids ready for school (etc) Late to bed; and a serious lack of sleep. And it’s…
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…
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…
"Fortune favors the prepared mind." … Louis Pasteur In a recent article I discussed the importance of regular study of market structure and price action. See here if you missed it – https://yourtradingcoach.com/trading-business/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…
In our article last week (read it here if you missed it) we discussed the concept of the bad beat. A bad beat occurs when you correctly identify, enter and manage a valid trade setup, but are still left with a loss or missed opportunity. The fickle hand of fate cares little for your high…
I love this comment in response to last week's article (see the article here if you missed it). This was the trade Steve is referring to: Too many traders take the loss personally. As Steve says, they're stuck in the mindset of "Aaargh, I did it again." Their focus is on themselves and their…