Trading Educators Blog

When confronted with a choice, how do you decide? Are the choices you make in life in general different from the choices you make in trading? It has been my experience that decisions in life that involve a perception of a possible loss, being wrong, or making a mistake, will very often take the same approach as the decisions you make in trading. Stuck Gary was a "want to be" trader for over twenty...

If you want to be a successful trader, you must make sure you do not deny reality in any phase of your trading. You cannot deny losses, price direction, mistakes you make, being undercapitalized, or a whole host of things you would rather not think about. Many traders think the best way to deal with unpleasant ideas, events, or personal character flaws is to shut their eyes and pretend they don't ...

There are only two kinds of day traders: the quick and the dead. Day trading is like guerrilla warfare. The quick, seize opportunities immediately, move their stops to break even as soon as possible and capture as much money as is possible in the shortest amount of time. Often they are scalpers in for a quick kill, then out with the money! The dead are never quite sure when and how to enter a...

We sometimes delude ourselves into thinking that the most successful traders somehow were somehow born different from the rest of us. We imagine they were born to win no matter what they did. But if that were true, you would also have to believe that those who succeed tend to do so because of their genes, social background, or luck, and not because they pursued success with more diligence, patienc...

Day trading has always been a tough game, requiring a very strong psyche, discipline and a high level of trading skills to succeed in.  Nowadays though it's even harder due to the stronger competition, not only by humans but especially by computers trading at a speed a human trader simply can not match up to. High-Frequency Trading is happening in literally all of the popular markets out ther...

Taking a second look at potential trades at times results in “why didn’t I see this before?”  For instance, what if you are looking at a market as it approaches a support area?  Isn’t it reasonable to ask yourself, “If this market breaks through and I am long, what will I do?”  Ask yourself how such an event would change the picture.  If you have a position, will you still want...