Most people who try trading find it to be a demanding activity. It’s not surprising as trading presents unique challenges to our default thinking patterns. Overcoming these hurdles requires us to go against our many preconceptions and instincts. Hence, mindset shifts are critical to becoming a resilient trader who can stay in the game long […]
5 Exit Strategies To Secure Your Profits and Limit Your Risk
In our trade setups review, we always state the rules for entering the trade. Each trading rule is stated with the room for discretion highlighted. However, in many reviews, we left out explicit exit strategies. It is not because exit strategies are not essential. On the contrary, they are so crucial that they require a […]
A 46-Point Price Action Trading Plan Checklist
Designing your first price action trading plan is daunting. There are so many approaches to consider and decisions to make. On top of that, there’s that nagging thought that you’ve missed out something critical in your plan. This is why you’ll find this trading checklist helpful. Try your best to answer the questions in this […]
7 Effective Tips For Building Trading Discipline
Trading discipline is pivotal to your performance and survival as a retail trader. As an independent trader, you don’t have managers looking over your shoulders. A single lapse of discipline can severely damage your trading account, not to mention your confidence as a trader. However, typical tips to improve trading discipline might not be helpful. […]
7 Risk Management Tips From Top Traders
Risk management is the cornerstone of a sustainable trading plan. Yet it is always ignored by new traders who are only looking for the next fancy strategy. Furthermore, trading risks come in so many forms and can be challenging to manage even for seasoned traders. Hence, in this article, let’s take a close look at […]
How Patience Could Help You Win In Trading
Patience is one of the most overlooked attributes of a successful trader. But it is one of the most important for generating profits. Trading well means entering the market at the right time. To wait for the right timing, you need to be patient. Patience is not about doing nothing. It’s about doing the right […]
