The three big reasons for trading drawdowns according to renown trading Psychologist Brett Steenbarger: 1) They’re trading a strategy that doesn’t fit the present market; 2) They’re trading the right strategy, but their head isn’t in the game and they’re not following their strategy; 3) They’re trading the right strategy with a good mindset, but […]
1. Successful traders trade uniquely 2. Successful traders are multidimensional 3.Successful traders work at their trading 4. Successful traders know when to not trade 5. Successful traders are self-aware
GO A computer armed with artificial intelligence has beaten the worlds best player at the Chinese game of Go. Go is complicated, but its nothing compared with a world that has more than 7 billion traders making their own moves every day. Yes we all need a plan of engagement.
Trading In The Zone by Mark Douglas is widely regarded as a classic in trading literature. I myself have read it many times throughout my trading career, always managing to learn something new from it with each successive read. Excerpts: “Ninety-five percent of the trading errors you are likely to make—causing the money to just […]
Nine Rules of Research According to Ned Davis There’s always some ‘big’ news story dominating the markets (we have to talk about something) that can catch your attention and in turn shift your bias and focus and rattle your cage. The first half of 2016 seems to have contained an abundance of such stories ranging […]
“In 1923, seven men who had made it to the top of the financial success pyramid met together at the Edgewater Hotel in Chicago. Collectively, they controlled more wealth than the entire United States Treasury, and for years the media had held them up as examples of success. Who were they? Charles M. Schwab, president […]
“It’s that time of year again when the mystics peer deep into their tea leaves, entrails and crystal balls to divine what’s ahead. Which means it’s also time for my annual reminder: These folks cannot tell the future. Ignore them. Most forecasters are barely familiar with what happened in the past. Based on what they […]
