Category Archives: Trading Tip

There is no right way to trade but there are wrong ways.

As soon as I could legally work for my father’s construction company I was put to work. At first, he would always send me to a different jobsite. I think he was worried about nepotism. After I proved myself I started to work on the same jobsite as him. Let me describe my father. HeContinue Reading

How not to handle a loss, a $5k lesson for free.

How not to handle a loss. A long time friend and client sent me a text to see how I was doing and tell me how he was doing. He had taken some time off to deal with the family business and a cross country move. He has things that enables him to be aContinue Reading

Not all scratches are created equal.

By scratching, I mean getting out at or near where you got in, resulting in little to no loss or gain. When I enter a trade, psychologically that money is gone. I have assumed the outcome of a trade to be a loss, at least initially. This is not because I am pessimistic, but ofContinue Reading

Pro Tip- Losing and failure are not the same thing.

Losing and failure are not the same thing. No matter the outcome of the trade, I am guaranteed two things: I am paying commission and assuming my head is not up my ass, I learned something about myself, the market, and the relationship between the two. Fortunately, losing is a part of trading. Yes IContinue Reading

Losing and failure are not the same thing.

Losing and failure are not the same thing. No matter the outcome of the trade, I am guaranteed two things: I am paying commission and assuming my head is not up my ass, I learned something about myself, the market, and the relationship between the two. Fortunately, losing is a part of trading. Yes IContinue Reading

How you define an outcome (losing capital), effects future outcomes.

Redefining or changing a word in a sentence can provide the necessary psychological shift to see things in a different way. This different perspective can lead to different results (hopefully positive). Probably the most common redefined word in finance is “Loss” which is turned into “Investment in Education” or “Tuition”. I am making the assumptionContinue Reading

Trading plans are the difference between a reaction and a decision, a win and a loss.

Trading plans are the difference between a reaction and a decision, a win and a loss. A split second can determine a fill. The difference between selling the high tick or buying the low tick. To increase the chance of getting the best fills, it is paramount that you have a pre-determined action or reaction.Continue Reading

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