Lance Beggs
Or… Seek a Better Market
Lance Beggs
Similar Posts
Losing Sessions – Expect Them!
Late last year I had a request for more examples of losing trades, which led to the article series "Winning through Losing Better" (see part one and part two if you missed this popular article series). Let's take that concept further and look at a losing session, and see if we can find a couple…
Three Key YTC Lessons in this Opening Price Sequence!
Lesson 1: When two trade ideas fail to work, consider a break. When three trade ideas fail to work, force a break. Lesson 2: When the pullback is deeper and stronger than expected, let it roll over. Get in on the other side. Lesson 3: An exit is not necessarily final. Remain focused and…
When Struggling – Return to First Principles
Struggling with your trading? Always return to first principles and confirm that you're trading approach is consistent with these principles. From a trade entry perspective, this would include the following: You must aim to BUY at areas where you know others will buy after you, because their buying will create the net orderflow or bullish…
Trading Problems – Maintaining Focus
I once heard a statement by Rebecca Fine of www.scienceofgettingrich.net that says something along the lines of “If what you’re thinking about isn’t something that you want to have happen in the next three minutes… get rid of the thought and think something else.” While that’s a great way to live your whole life, and…
Stay Ahead of the Aircraft
Some words of wisdom from back in my days as a pilot… "Never let an aircraft take you somewhere your brain didn’t get to five minutes earlier." It’s essential as a pilot to stay ahead of the aircraft. This means projecting your awareness ahead of your current location. Anticipating what is coming, considering what that…
“But it’s scary!” “What if it fails?”
I received some interesting comments about a trade in a recent article – https://yourtradingcoach.com/trading-business/the-good-the-bad-and-the-ugly/ Here's an image from the article, showing the entry SHORT against a single wide-range bullish candle. Review the original article if you want to see the context behind the trade. For now though, I want to discuss some concerns that…