It appears there a gaping hole of disconnect between causation and correlation. Correlation says that two things move along in equal or almost equal ways or opposite ways. Causation says that one thing affects the movement of another. Huge difference. Lets talk about two recent examples: The market has been up X% on Tuesday’s after X event occurred.… Continue Reading
Tag Archives: habits
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… Continue 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. Rules… Continue Reading
Busting slumps, the trading kind. Part 3
This is a part 3 on slumps. Please feel free to download and share the PDF. TraderHabitsSlumps2 Part 1 Part 2 Tip #8- Take a Break Tip #9- Relax Tip # 10- Acquire a Selective Memory Tip #11- Bring it All Together Take a Break “Being able to trade again, may require not trading tomorrow.”… Continue Reading
Slumping busting, the trading kind. Part 2
This is an part 2 on slumps. Please feel free to download and share the PDF. TraderHabitsSlumps2 Part 1 Part 3 Tip #4- Get Help Tip #5- Start Small Tip #6- Separate Yourself Tip #7- Leave Breadcrumbs Get Help “He who asks is a fool for five minutes, but he who does not ask remains… Continue Reading
Slumping busting, the trading kind. Part 1
This is part 1 of an e-book I published in 2008 about slumps. Please feel free to download and share the PDF. TraderHabitsSlumps2 Part 2 Part 3 Tip #1- Get Back to Basics Tip #2- Stay Positive Tip #3- Create Repeatable Routines “Slumps are like soft beds, easy to get into and hard to get… Continue Reading
3 things that will kill your trading success.
Three destructive habits that will kill your trading day, week, month, or career. No one believes me that almost all of the days are the same. My perspective is a little different almost 6 years later because I have had more days, but the following has served me well. Not having a plan. Get a… Continue Reading
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