31st January 2008
All professions whether it be sport, business, or trading have what are called the basics and if you’re starting out in a new profession, the basics form the foundation or the core. However if you’ve been practicing your profession for quite some time...
31st January 2008
Visit forums, join memberships, purchase tuition with member areas for support, read books, talk to fellow traders etc and you can be guaranteed you will come across many who will be struggling with a whole host of reasons why. Some will even appear as ex...
31st January 2008
Markets move up because market participants believe in the fundamentals behind the market. At a certain point it is seen that the fundamentals change and the market corrects, however the reason fundamentals change is not because of some external event, bu...
31st January 2008
Too many traders approach trading from a 2 dimensional standpoint and this goes for stock, options, futures, forex traders…you name it. The ‘number of winning traders’, the ‘win to loss ratio’ and the ‘amount made per month’ seem to be more...
31st January 2008
I decided I wanted to buy a Laundromat. I had $50,000 to spend and wanted to ensure it met the following criteria. Firstly, it had to be in good condition, and in a location where it will still be a viable business in 10 years time. Secondly, and more imp...
31st January 2008
I am always reading books about trading, as it is a love of mine (and should be of yours if you are serious about trading) and I'm always looking to improve. Just recently I was reading a book by Van Tharp and another by Dirk TuToit and I caught myself ma...
31st January 2008
Quite a few years a go, my Dad decided to buy some stocks. It was a parcel of 5 stocks. The idea was to hopefully see some medium term gains, maybe over 6 to 12 months, but there was one problem. He could not take his eyes off the computer screen. Here wa...
31st January 2008
Emotional control is important for both sides of trading. It's been said and written about plenty of times, that keeping your emotions in check when taking a loss is vital. In fact, it's becoming a monotonous subject in trading literature and educational ...
31st January 2008
I recently spoke to a guy from London called David, who is a visitor to my site and who wanted to have a chat. We both had been students of Peter Bain and so it seemed like a good idea to have a chat about where our trading is today.
David made an inte...
31st January 2008
Emotions are one of the most talked about enemies of the novice trader. I say novice, because unless you have become a master of your emotions, you are still a novice. Experienced traders trade with a detached and unemotional mind.
If you've been tradi...
31st January 2008
Are you one of those traders who always needs to be right? Maybe you're like that in most areas of your life. Novice traders fall into this category more so than any other level of trader. The need to be right stems from not being able to accept critici...
31st January 2008
It's been said many a time, trading is a lonely business. The truth to this statement lies in the support you seek. For many, trading will be a lonely business, but it may also be a frustrating one.
Seeking support from others is actually a natural pr...
