The idea of trapped traders is a useful concept for price action traders. It is not a trading strategy per se. But it is of great value as it helps you to focus on finding the right context for entering the market. This approach is encompassing so it’s hard to reduce it to rigid trading […]
Five Top Tips For Growing A Small Trading Account
Is trading successfully with a small trading account possible? Should I save more in my trading account before I start to trade? What should I focus on as an undercapitalized trader? These are top questions for new traders who cannot afford to risk large amounts of capital. Frankly, the game is a lot tougher for undercapitalized […]
How To Find and Profit From Trapped Traders
The best time to enter a market is when trapped traders realize that they are wrong. As they get out and reverse their positions, they push the market in your favor. This phenomenon offers you an advantage in timing your market entry. An example is the Hikkake pattern. In a bull trap scenario, the market […]
5 Risk Lessons For Traders From Bestselling Books
Trading is risky. So you must be a daredevil to trade. True? While you need to understand the nature of risk to trade well, you don’t need to be a daredevil to get started. In fact, if you think that you must take on excessive risk to become a trader, you might have misunderstood trading […]
Don’t Make These 13 Common Mistakes With Your Next Trade
Does thinking about your next trade make you sweat? Or does it make you tremble with excitement? If so, you’re probably focusing on the wrong things. A good trade is simple, straightforward, and boring. You should not be sweating or trembling. But just because taking a trade is simple doesn’t mean that traders don’t mess them up. […]
7 Zen Quotes for the Consistent Trader
Zen Buddhism is not something that can be written down. Zen is not an idea you can grasp by reading a few books, or many books for that matter. The true nature of consistent trading is the same. Writing and talking about trading cannot fully express what a consistent trader experiences. Reading and listening to seasoned […]
