From the archives 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 learn about yourself, the market, and the relationship between the two. The next step is to do…
Tag Archive: failure
Cure for revenge trading.
Robert Sinn has a good post out today. You can read it here. He makes a point about always having the opportunity to control your destiny. We refer to it as being able to trade tomorrow. I was talking to a friend about a potential career move. It is a higher risk/higher reward move. The…
Important lesson for new and newly successful traders.
I don’t necessarily like to talk about clients, but I think this is an important lesson. Also know that I am talking about it with his permission. One of our core values in our trading group is that we do whatever we can to help each other, like this blog. Every member is at a…
Not failing is worse than failing.
Some types of failures are good. If I continue to have the opportunity to fail than I am doing something right. But there is good failure and bad failure. Good failure is giving everything you have and it just not being enough. Bad failure is not getting to that launch point. I go out of…
The importance of success in succeeding at trading.
I can’t even begin to tell you how many times I have failed. I will fail tomorrow and the next day and hopefully I will have an opportunity to fail till I am dead. Failure can be an important learning tool. Different shapes and forms. Failure comes in all different shapes and forms. The distance…
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, those…
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. Rules…
The secret to trading success: You.
The secret to trading success: You. You are the weakest part of your system. It is a defeatist statement. It makes your expectation to fail easier to accomplish and more importantly it makes failure easier to handle. It shifts the pressure away from you and unto fate. Would you fly on an airline if their…
