Trading can be frustrating at times. You put in a heroic effort, but it doesn't always pay off in the way that you had hoped. When you finally do win big, you naturally want to celebrate. You may even get a "swelled head," and feel invincible, as if you are on top of the world. Why not celebrate? You deserve it. It's healthy to occasionally pat yourself on the back for a job well done, but don't g...
Trading Educators Blog
The experienced private trader doesn't have to trade all day, every day. Market conditions change, and it is wise to stand aside until your trading methods, your risk tolerance, and your objectives match market conditions. At other times you might be feeling "off," and it might be better to watch the market than to trade it. Trading is a matter of moving from studying and observing to actively par...