Trading Educators Blog

Have you been making plans for the coming year? Have you been trying to make sense of where you've been so far? It's useful to ask and answer a few key questions: Where have I been? Where am I going? Where am I going to go next? The answers to these questions aren't always obvious. But consider the plight of Rey Aktiv and Pro Aktiv, brothers, both novice traders with very different personalities a...

Winners learn more from losses than from wins. When a profit is taken, there may be little room for improvement. When a loss is taken, a trader's self-discipline and self-control are the first things to be examined. The second aspect of studying a loss is to see how the actual price action caused the loss. Was there a trend reversal; an unexpected gap? Most beginning traders sustain losses du...

When your money is on the line, it's difficult to remain calm, rational, and in complete control. What happens if you lose? How will you recover? It's natural to become consumed with self-doubt and abandon your trading plan, or act irrationally in the midst of the chaotic market action. But winning traders control their impulses. They execute a trading strategy effortlessly and flawlessly, even un...

Looking at your screen can be much like looking at a slot machine, and stopping yourself from dropping a dollar in the slot and pulling the handle. You must restrain yourself from making an impulsive trade, but there's a very human tendency to seek out excitement and receive a quick reward. You must fight temptation and maintain self-control, however. Electronic trading platforms have made trades ...

You're in the midst of a perfect trade. You entered where you had planned, and you know when to exit. All you have to do now is wait for the price to reach 53 and sell. But it's not moving fast enough. It seems to be hovering around 51 and 50. You're starting to wonder whether or not it will ever move up. Panic sets in and you sell. About an hour later, the price hits 53 and it now seems obvious t...