Hey Traders, I had 2 experiences last week which could be described as two evils of trading discipline: Breaking rules and being rewarded for it Following rules and being “punished” for it Both of these can be very harmful, especially to new traders in becoming consistently profitable and disciplined traders. ————— Breaking rules and being…
Author: Vlad
Don’t Mess with Trading Gods! Cant Make This up
Besides various obvious misdeeds like breaking rules, dragging stops, chasing, overtrading and various other trader NO-NOs, there is a another one… DONT POST IN BIG GREEN FONT ON YOUR BLOG LIKE AN IDIOT AFTER A MONSTER DAY / WEEK Here is a screenshot from today’s intraday analysis update: You will never guess, who was short…
May 8th Intraday Market Analysis
Update 3:15pm EST:After getting new low $TICK of the day, started rolling over, with support at daily 50% line of 918.75. Below there daily lows.p.s.feel free to follow me on twitter as I often post stuff on there that i dont have time to post on blog and also trade 🙂 Update 2:51pm EST: Euro…
Trading is NOT For Everyone
While the purpose of this blog is to help traders learn and become successful at trading by providing market analysis and simple proven trading strategies, the harsh reality is that 91% of futures traders blow up their accounts within the first year of trading. Even today’s best traders have blown up their accounts about 2-4…
Cycle of Trading Emotions
40 Bits of Trading Wisdom
1. Trading is simple, but it isn’t easy. If you want to stay in this business, leave “hope” at the door and stick to your stops.2. When you get into a trade, start looking for signs right away that you are wrong. If you see them, then get out before your stop is hit.3. Trading…