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 […]
3 Epiphanies Of Resilient Traders
Most people find trading to be a demanding activity. It’s not surprising as trading presents unique challenges. Overcoming these hurdles requires us to go against many preconceptions that we have. Hence, to gain the resilience you need to stay in the game for the long run, mindset shifts are critical. Many traders learn it the […]
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 […]
5 Ways To Fail At Trading
In the past 12 years, I’ve read a lot about how traders succeed and fail. I’ve also seen many traders give up after spending much time and resources. Over time, with my experience, I have identified a few main reasons why this tends to happen. Identifying them is not the same as fixing them. Like […]
