As you are learning to trade you get these pieces of wisdom but do not understand how helpful they actually are. After talking to my mentor, Anthony Crudele (DELI), on a particularly bad day, he saw that my confidence was shaken. He asked what was wrong. I told him that I didn’t think I could… Continue Reading
Tag Archives: confidence
Email: What is the most I should lose in a day?
This is a pretty common question. Most people want a clear and simple equation. But there isn’t one. This is something that you need to answer for yourself. Answering the following questions should help clear it up: What am I capable of making in a day? On your up days if you are making net… Continue Reading
Two types of confidence.
First if you haven’t read it check out David Blair of Crosshair Trader recent post. The infographic and explanation is one the best I have seen that maps out the difference between struggling and successful traders. Welcome back. David’s post along with a conversation I had with someone who is trying to become a trader made… Continue Reading
Do you care about sinking if you know you can swim?
Have you ever seen two people in the same situation act differently? With trading futures this is really evident. Only one side gets to make money. How a person handles sinking (losing money) will help shape what they become as a trader. The second thing that my mentor every told me was learn how to… Continue Reading
Thoughts on trading plans.
When I speak about the need for a trading plan it is not because I got it right the first time. I did not have a plan I just did it. I was told I needed a plan but at that point in my life I was always the exception. I lost time and money… Continue Reading
Getting out of the retail mindset.
I want to preface that my post, 3 differences between a professional trader and a home gamer, is nothing against retail traders, first I am never going to intentionally insult a client and secondly any trader is subject to shifting into either mindset. There are distinct differences between the professional mindset and a retail mindset.… Continue Reading
Do it once.
Trading is about proving to yourself you can do things. As you get over these barriers you realize that you were holding yourself back for no reason. This will give you confidence to defeat the next one. The first step is to recognize it. This is where it is important to see outside yourself. You… Continue Reading
7 Dirty Words of Trading
This originally appeared in January 2011. Be careful how you use the following words and phrases. Should- Phrases include: “The market should have” and “I should have”. Those phrases are often used to socialize losses. They are a strong signal something is off. They should be used to aid you in correcting your vision not… Continue Reading
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