I wanted to make money from the start. I thought it was going to be easy. Everyone was making money. Remember, I started my trading career at the CME. You knew if people were making money. You could see the cars they were driving. You would see them at breakfast eating lobster at the Merc… Continue Reading
Tag Archives: mindset
Email: How much should I risk per trade?
From email: “I guess the short of it would be what % of capital should your average trade be? I understand theres so many variables that effect the answer to that question, but still am curious. I’m trading around 40k right now, and have only been trading live for a little over a month. Most… Continue Reading
Why simulating trading is different from live trading.
Every trader starts off on a simulator, most do well. I am not for or against simulating trading, it is important. When smacking up against the reality of real money it is important to retrain yourself from the sim mindset. It is nice to lob up half court shots all day but it only… 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
Killer Setups…
… I mean reliance on setups alone, kill. A setup is the least important part of trading. What are a few things more important than setups? A plan Without a plan it is hard and inefficient to learn. Trading in some respects is like an experiment. There is a control group and a variable group. Without a… Continue Reading
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