True Trading Knowledge is Experiential
The Illusion of Knowledge “An ounce of action is worth a ton of theory” – Ralph Waldo Emerson Unlike most endeavors we take on, trading is a little different. In fact, trading to me is one of the most free places of expression on planet…
Stress and Trading
Trading is a Psychological Battle “Stress narrow’s your focus and makes you revert to earlier response patterns. You do what you did when you were a beginner. You do what your broker or advisor suggests. You do anything simple.” – Dr Van K Tharp Not…
Choosing the Right Online Broker
Trading is a Serious Business Far too often, I see alleged “professional traders” gloating about massive wins and seldom mentioning the most fundamental truth about the game, the ultimate red pill all traders should swallow early is – trading is a business! I actually follow an…
My 3 Favorite Trading Books of All Time
Prerequisites Before diving into this blog, there are a few requirements that will ensure that any purchase and investment of time (the biggest investment of them all) will be well spent in reading these trading books. Such as: You know what stocks actually are –…
The Reality Of Trading
This article may not appeal to most. The reason being, it calls out a few objective truths that will make you uncomfortable. It calls into question your beliefs, ability and self-image in an attempt to open you up to the reality of trading. “The…
Eliminate These 5 Mistakes to Trade Like a Professional
In trading, as in life, reflecting on how we act, react or approach a new situation can be the difference between victory and defeat. Looking back a few years, I was not a disciplined adolescent. Countless parties, alcohol fueled binges, drugs and a turbulent childhood…
Building a Winning Trading Strategy
Building a trading system can be a daunting task. There are literally millions of ways in which you can profit from the stock market. This may be options, forex, CFD’s, stocks, spread-betting and many more. I found it challenging to find a system that worked…
Holy Grail Syndrome
One Strategy to Rule Them All In the early days of my trading career I recall brazenly telling all my work colleagues and friends about just how hard I was working to discover the perfect trading strategy. Regretfully, I now ‘face-palm’ myself for the sheer…
The Perils of Trading ‘Gurus’ and Signal Services
Over the last 10 years I have had my fair share of ups and downs in the markets. I’ve read hundreds of books on pretty much all the strategies you can apply to the market and always asked myself: “Isn’t there someone who can just…
Invest in an Index or Trade?
Getting started in any endeavor can be daunting and trading or investing is no different. There are hundreds if not thousands of decisions to make that could all impact the outcome of your decision to plunge into the markets head first with your hard-earned money….
How Much do I need to Trade for a Living
Trading for a Living: How Much do I Need The attraction of trading is obvious to most. The good life. Loads of money for doing practically nothing but sitting behind a computer and clicking a button. To be honest, that is what got me interested…