Tag Archives: discipline

You aren’t born with discipline.

Discipline is important, especially in volatile markets.  Discipline is not something that you are born with it is something that has to be learned.  Think about a family member or even yourself, are you discipline and they are not or vice versa?  This has nothing to do with DNA.  You either want it or youContinue Reading

Trapped in to taking a bad trade.

I said I have never taken a bad trade. That post sparked a few conversations and the best imagery I can come up with is an animal trap. (excuse the photoshop) Every trader puts themselves in a bad position at some point.  This position makes the reward look great no matter the risk.  Or theyContinue Reading

Email: How much money do I need to start trading?

Letter from a reader. Hi Eli, I just read a few of your articles and thought I would drop you a quick email. I liked the analogy about getting through the forest as I think that is where I find myself now. I have been trading the S&P futures for about a year now onContinue Reading

Giving yourself a chance to become a successful trader.

I was just talking to another trader who was having trouble pulling the trigger.  Assuming you have taken the necessary steps; having the money to lose, having a plan, can maintain discipline, and willingness to continue education in yourself, the market, and the relationship between the two.  The next step is to do it, thoseContinue Reading

The only time to break a rule is never.

This originally appeared on July 2010 It seems like there has been a steady stream of information and opinion flowing on breaking rules. Originally I had planned to talk about the pros and cons of breaking rules. I realized that would be a disservice.  The following is not negotiable. Day trader vs professional trader. RulesContinue Reading

Break your rules, find a new profession.

It seems like there has been a steady stream of information and opinion flowing on breaking rules. Originally I had planned to talk about the pros and cons of breaking rules. I realized that would be a disservice. There are many views that I hold that are based on my experience. I think of myselfContinue Reading

The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.