facebook  youtube  blogger

Trading Educators Blog

#1 Trading Blog Site
Nov
14

Be Objective

When your money is on the line, you can't help but feel a little uneasy. What if you lose? It's hard not to put some of your ego on the line with your money, and when you lose, feel hurt. Winning traders, though, keep cool. They don't ride a roller coaster ride of emotions, feeling euphoric after a win and beaten after a loss. They take losses in stride. However, it's hard to stay objective and co...
Continue reading
  233 Hits
0 Comments
233 Hits
  0 Comments
Oct
23

Repetitive Mistakes

​ Anyone is allowed to make one mistake. When the same mistake is repeated a second time, caution should be noted. The third repetition of the same mistake constitutes self-destructive habitual behavior that must be reversed. All trading must stop immediately until the trader's self-discipline is thoroughly examined. Once the reason for the repetitive mistakes is understood, usually fear, anger or...
Continue reading
  229 Hits
0 Comments
229 Hits
  0 Comments
Aug
22

Successful Trading

​ Because we don't know what "successful" means to every individual, we should divide traders into different groups. I think most traders can be found in one of the following groups: Group One - these are mainly traders new in the trading business. They have read a book or two and they find trading very interesting, but they still don't know where to start. Group Two - these are the traders who al...
Continue reading
  503 Hits
2 Comments
Recent Comments
Guest — fr
HELLO ANDY. aRE THOSE COUNTING PERCETAGE TOGETHER CORRECT? 75+25+ 10+2=112%
Friday, 23 August 2019 09:34
Andy Jordan
Yes, because you can not count them together. 25% are trading break-even or better. The 10% and 2% fall also under the 25% (or bet... Read More
Friday, 23 August 2019 10:19
503 Hits
  2 Comments
Jun
13

Distraction

Distraction is not something you can afford. If you cannot be fully focused on the price action and on following your trading plan, you are going to frequently find yourself in the situation you describe. The best rule a trader can follow is to focus on the action, not the outcome. Yes, I know that you, like many others are attracted to trading for the rewarding profits that can be made. You feel ...
Continue reading
  450 Hits
0 Comments
450 Hits
  0 Comments
Jun
13

You Need Control

The need for control is the biggest psychological impediment to profitable trading. Traders strive to control the markets, but in the end, they find that they must accept their fate and settle for controlling their emotions. When your money is on the line, it's difficult to remain calm, rational, and in complete control. You want to win, and there is a strong need to want the market action to fall...
Continue reading
  578 Hits
0 Comments
578 Hits
  0 Comments
May
22

Believe in Trading

​ Is there anything we can believe when it comes to trading? Is it all lies and fakery? Trading is a challenge. Tens of thousands are drawn to trading, but few last more than a few months. Trading is presented in such a way that it appears to be easy, so it's difficult to face the truth that trading is difficult—at least until you can get the hang of it. Many beginning traders need to win. They ar...
Continue reading
  488 Hits
0 Comments
488 Hits
  0 Comments
May
10

Is Trading all Lies and Fakery?

​ Trading is a challenge. Tens of thousands are drawn to trading, but few last more than a few months. Trading is presented in such a way that it appears to be easy, so it's difficult to face the truth that trading is difficult—at least until you can get the hang of it. Many beginning traders need to win. They are hoping that the huge profits they make trading will solve many problems in their liv...
Continue reading
  399 Hits
0 Comments
399 Hits
  0 Comments
Apr
04

Turning Points

To the best of my knowledge, no one has ever figured out a truly accurate way to figure out future turning points. As far as I know, it has never been done. I don't believe that it will ever be done. I have encountered traders who have told me that so-and-so does it, but I have never seen the proof. Nevertheless, I'm willing to listen. I used to live in the "show-me" State of Missouri, so show me!...
Continue reading
  418 Hits
0 Comments
418 Hits
  0 Comments
Mar
15

Mental Momentum

​Mental Momentum  drawdown, you can feel a little disappointed, a little stunned, as if you have fallen, and you are having trouble getting up. After you've made a series of successful trades, however, you can feel much more powerful, as if you can relax a little bit. And when you feel relaxed, you also feel creative, and can think of winning strategies. Everything seems to click and you star...
Continue reading
  394 Hits
0 Comments
394 Hits
  0 Comments
Mar
14

Confidence

A few years ago I had an interesting conversation with Joe about "what makes a trader a successful trader". We discussed this over several days because we wanted to find out how we can help struggling traders to enhance their trading. We finally came to the conclusion that "confidence" is what makes a huge difference. A trader can have a good system, good money and risk management in place, good u...
Continue reading
  521 Hits
0 Comments
521 Hits
  0 Comments
Mar
07

Striving for Perfection

You will never be a perfect trader. However, as traders we have a strong need to want complete control over the outcome of a trade. We want to believe that if we analyze the markets long enough, we'll have perfect knowledge and we can trade to perfection. But such desire leads to wrong assumptions that can do us more harm than good. Assuming we must have control restricts our actions and reactions...
Continue reading
  507 Hits
0 Comments
507 Hits
  0 Comments
Aug
24

A True Passion for Trading

I believe that to be a truly successful trader you have to have a true passion for trading. This is probably true for any field of endeavor. I believe that the people who do best are not primarily motivated by fame, glory, respect, or status. They are driven by the pure love of the what they do. Winning traders, similarly, have strong interests in the markets, and this passion is the driving force...
Continue reading
  563 Hits
0 Comments
563 Hits
  0 Comments
Jun
06

Efficiency and Success

How much time do you spend preparing for the trading day? Do you spend hours scouring the markets for a winning trading opportunity? Do you watch hours of commentary or read all the major financial newspapers? You don't need to spend hours and hours reading about the markets if it doesn't directly lead to a profit. For example, most media coverage of the markets is for entertainment value, so spen...
Continue reading
  527 Hits
0 Comments
527 Hits
  0 Comments
Nov
22

Is learning the trading business like learning any other business?

The importance of how you learn the business of trading cannot be minimized because of the factors that determine your success or failure. Learning the business of trading is basically no different from learning any other business. Winning means learning major guidelines and concepts that you repeat so often in your own behavior that they become good habits. These good habits then become automatic...
Continue reading
  909 Hits
0 Comments
909 Hits
  0 Comments
Jul
28

Admit when you are wrong

Recently I heard another tale of woe involving the failure to admit being wrong. This man followed a familiar path. As a day trader in the E-mini S&P 500, he first contacted me to tell me that he was unhappy with the data he was receiving. He wanted to know if I could recommend a good trading program for him. I mentioned a couple of them to him and he decided on one. Another interval of time w...
Continue reading
  1719 Hits
0 Comments
1719 Hits
  0 Comments
May
20

Creativity in your Trading-the Spiritual Factor

Creativity in your Trading-the Spiritual Factor
I was asked the following question: “Joe, is it important to be creative in your trading?” I’m not sure I can describe it in terms of importance.  The creative process is somewhat of a mystery, even to scientists who study it, but that is only because scientists do not recognize the spiritual factors of our lives and consequently in our trading. The Bible says: “There is a spirit in man.”&nbs...
Continue reading
  1266 Hits
0 Comments
1266 Hits
  0 Comments
Apr
05

Unlike many games and sports, trading has an additional factor: the market!

Unlike many games and sports, trading has an additional factor: the market!
Imagine playing tennis if the ball had a mind of its own, if it could run off to the sidelines and bounce up and down for a minute or two. Imagine a game of golf in which the ball could occasionally go off down the fairway, dance about, and do whatever it wanted. Imagine a chess game in which the pieces suddenly became worthless, or a hockey game in which the puck suddenly went against everything ...
Continue reading
  1217 Hits
0 Comments
1217 Hits
  0 Comments
Mar
08

Can Trading be trained?

Can Trading be trained?
  Please listen to the following podcast when you have a few minutes: https://soundcloud.com/bloomberg-business/the-incredible-true-story-of-the-real-life-trading-places I found the podcast interesting because of a few facts I want to discuss in today’s blog post. First of all, I am also a believer that trading can be trained but not necessarily everyone can trade. Trading requires a certain ...
Continue reading
  1410 Hits
0 Comments
1410 Hits
  0 Comments
Mar
01

How to Approach Trading - Part 4

How to Approach Trading - Part 4
Diversify:  Next, you'll need to choose which markets to follow. Diversification is one of the crucial factors in the success of some, but not all trading plans, and may in fact make the difference between success and failure of the plan. Putting all your eggs in one basket is not a good idea for some traders. This approach takes the position that rather than trading ten contracts in one mark...
Continue reading
  1412 Hits
0 Comments
1412 Hits
  0 Comments
Feb
09

About Change

People don't want to be changed. They don't want to be told that they need to change. Do you ever find yourself struggling in those areas? Thank you for your honesty. If there is a struggle, that means there is a battle for truth. If you're not battling, you've already lost. Truth has been lost and deceit has won. We must come to a place where we are willing to unclothe our soul, ultimately, compl...
Continue reading
  1299 Hits
0 Comments
1299 Hits
  0 Comments

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.