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Trading Educators Blog

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Feb
27

Focus on the Obvious

Humans have a tendency to forget the obvious. We often think that life is more complex than the issues right in front of us, and that obvious solutions offer little solace when trying to find solutions to seemingly insurmountable problems.The markets are complex at times, but the psychology of the market is not. And the psychology of winning isn't all that complicated either. It is vital to accent...
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456 Hits
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Sep
28

Five Basic Steps To Becoming A Successful Trader

1. Focus on trading vehicles, strategies, and time horizons that suit your personality2. Identify non-random price behavior3. Absolutely convince yourself that what you have found is statistically valid4. Set up trading rules5. Follow the rules6. Don’t be afraid to abandon a rule that is no longer working. In a nutshell, it all comes down to:Do your own thing (independence);And do the right t...
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1631 Hits
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Sep
01

Trading on Vacation: Good or bad idea?

As I’m about to go on vacation I thought it’s a good idea to write down my thoughts about trading on vacation. Is it a good idea to do so, or just crazy?I believe it depends. If you’re longer-term position trader and have a couple of positions open that are doing great and you don’t want to close them out now for example, I think there’s nothing wrong managing your position once a day while you’re...
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1821 Hits
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May
17

Trading Error: Stop Trading At The Worst Time...

Trading Error: Stop Trading At The Worst Time...
I just wanted to let you know about a new video that I uploaded to YouTube about one of the most common trading mistakes out there: To Stop Trading/Following your method/system/yourself at the worst time possible.This is something I see over and over again especially among beginning traders. You won't believe how often I've trapped into this myself during my first years of trading!Happy Trading!Ma...
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1793 Hits
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Mar
31

Trading Enhancements – Meditation

As a professional trader, I try to enhance my trading on a daily basis. Learning how to trade is an ongoing process - a process that never stops. Those who know me or who have traded with me know that I am always looking for a simple and straightforward approach to trading. Yes, of course I am testing indicators, new chart patterns, new charting techniques, and anything else that is showing up on ...
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1863 Hits
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Mar
10

Don't Give Up

I received the following email:Hey Joe! I’m ready to give up. When I found out that statistically most traders are losers, I wonder what chance I have of ever making it.You have every chance of making it. You are not everyone else, you are you. Statistics and those who use them may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibilit...
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2170 Hits
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Mar
08

Sometimes others get to play and you don’t.

Sometimes in softball games, as a kid, they handed out the bats and balls and gloves, and there weren’t enough to go around – so you had to sit it out. You had to sit on the bench and watch.The same thing happens in trading. Sometimes you don’t get to participate.You must get used to the idea that sometimes you will sit in front of your charts for days or weeks, and nothing at al...
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1743 Hits
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Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.