If you capture a record of all your trading activities faithfully and with complete honesty it will become THE most valuable trading tool you have in your possession. Here’s why: It will let you clearly see your strengths and weaknesses at a glance. Once...
Let me remind you of the 7 Habits of Highly Incompetent Traders, we first looked at them last week: 7 Habits of Highly Incompetent Traders 1) They don’t respect the market 2) They trade for accuracy instead of consistency 3) They have unrealistic expectations 4)...
So, over the next few weeks we’re going to be looking at effective habits for traders. Any long term result in life – including successful trading – will almost certainly come from a build-up of the many small steps and actions you take along the...
Once upon a time I made myself a ‘million-pound spreadsheet’. It was a beauty to behold. I plotted a graph projecting a rapidly growing trading bank and I virtually worshiped the thing. I could probably dig it up on an old hard drive somewhere. And you...
I’ve just spent an entertaining evening teaching the evils of gambling to my two boys… At the weekend my eldest asked what a casino was. There had been something on TV about Caesar’s Palace in Las Vegas that caught his eye. And then after dinner last night we were...
As soon a trade starts to show nice profits do you get an urge to cash-in? Today, I’m going to show you two little tricks my mentors taught that helped me overcome this problem. They’ll be useful for you to know because cutting profits short is something almost...
