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Oct
05

Chess and Trading. What do you think?

Chess and Trading. What do you think?
​Although I haven't the faintest idea of how to play chess, it certainly seems like a great idea. I imagine you can improve stock and futures trading by learning how to play chess. It might also help to develop an interest in physics. Every trader should learn to develop his problem-solving and pattern recognition abilities. I've been told that nothing does this better than learning how to play ch...
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506 Hits
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Oct
03

Chess and Trading. What do you think?

Chess and Trading. What do you think?
Although I haven't the faintest idea of how to play chess, it certainly seems like a great idea. I imagine you can improve stock and futures trading by learning how to play chess.It might also help to develop an interest in physics. Every trader should learn to develop his problem-solving and pattern recognition abilities. I've been told that nothing does this better than learning how to play ches...
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618 Hits
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Sep
28

The Ideal Parameters for Successful Trading

The Ideal Parameters for Successful Trading
Your trading goals and objectives must be possible to complete. They cannot be too abstract or too high. It is best to just execute a trade rather than being overly concerned with profits or achieving unrealistic performance standards. You must be able to intensely concentrate on what you are doing. While trading, it's vital that you have a detailed trading plan and control risk so that you can fo...
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389 Hits
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Sep
28

Talk to Yourself

Talk to Yourself
​ Yesterday, Jack went over to his best friend Tom's house to look at his new Porsche Turbo. Jack has wanted a Porsche since he was a teenager but could never afford one. Four years ago he taught Tom how to trade. Tom's been doing great ever since. Each year he has made greater and greater profits, even during bear markets. Jack can't help but envy Tom's success, yet at the same time, he berates h...
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387 Hits
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Sep
21

Being Flexible

Being Flexible
By being flexible I mean that over time, your trading philosophy will undergo changes. These changes are brought about because of external events (economic considerations, natural disasters, political events, etc.), and because of internal events, usually my own mistakes. My views change as economic, political, and technological changes occur both on and now off our planet. My views change as I se...
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537 Hits
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Sep
21

Easy Trading

Easy Trading
Throughout the day you make everyday decisions that mean little to you. You drive your kids to school and along the way, you make a host of decisions about which route to take, where to turn, or when to stop off for gas. Each decision is made with little thought. Later in the day, you may decide to stop off at the supermarket. You decide what to buy for dinner and how much you will spend. Do you o...
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459 Hits
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Sep
13

Are You Worried?

Are You Worried?
​ After reading the financial page on Wednesday night, Jim thought, "How could anyone invest in the markets and get a sound night's sleep?" After you saw the major indexes drop on Wednesday, you might have thought the same thing. But as a seasoned investor or trader, you realize that such corrections are commonplace and you've learned to take them in stride. You don't worry about it and know that ...
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574 Hits
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Sep
06

Sometimes Others Get to Play and You Don’t

Sometimes Others Get to Play and You Don’t
Sometimes in softball games, as a kid, they handed out the bats, balls and gloves, and there weren't enough to go around – so you had to sit it out. You had to sit on the bench and watch. The same thing happens in trading. Sometimes you don't get to participate. You must get used to the idea that sometimes you will sit in front of your charts for days or weeks, and nothing at all will happen....
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278 Hits
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Sep
06

Stay Calm

Stay Calm
​ Charles is on edge. He isn't extremely uptight but he isn't completely calm either. He is just a little fidgety and it's getting to him. He is having a little trouble concentrating. He's reading charts incorrectly and he is having trouble outlining a trading plan. He can't figure out where to place his stops, where to enter or where to exit. Can you relate to Charles' plight? There are times whe...
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470 Hits
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Aug
31

Trading Enhancement – Meditation

Trading Enhancement – Meditation
​ As a professional trader, I try to enhance my trading on a daily basis. Learning how to trade is an ongoing process - a process that never stops. Those who know me or who have traded with me know that I am always looking for a simple and straightforward approach to trading. Yes, of course I am testing indicators, new chart patterns, new charting techniques, and anything else that is showing up o...
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416 Hits
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Aug
31

Self-Sabotage

Self-Sabotage
​ Every time Dino gets ahead as a trader, he sabotages his efforts. It comes about in many ways. He may feel guilty for getting ahead, and so distraught over his success that he doesn't pay attention to market conditions. This leads to a few bad trades, wiping out a month's worth of profits in a day. Other times he may seemingly forget to stick with his trading plan, which results in a significant...
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529 Hits
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Aug
24

A True Passion for Trading

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...
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450 Hits
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Aug
24

Dream Trade

Dream Trade
When trading the markets, it's vital to stay grounded in reality. You can't get caught up in dreams. For instance, it may sound "easy" to people outside the profession to make money by trading Google, but there are a couple of real obstacles to taking home huge profits. First, risk should always be considered when making a trade, and while trying to manage risk, some traders would not want to take...
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429 Hits
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Aug
18

Develop a Trading Plan

Develop a Trading Plan
The main message I want traders to understand is how important the disciplined execution of a well thought out trading plan is in today's markets. Nobody knows for sure what a given market will do next. Having a plan of attack will allow you to successfully cope with the uncertainty that is an inherent part of trading. I think it makes good common sense to have a well thought out plan of attack fo...
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2 Comments
Recent Comments
Novák
Andy, Excellent Rules wich derives from serious experience of Trading. Thnk´s.
Monday, 20 August 2018 03:56
Andy Jordan
thank you Novak. Glad to help!
Monday, 20 August 2018 04:09
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  2 Comments
Aug
18

Fighting Spirit

Fighting Spirit
When trading the markets, you can't merely sit back and wait for the profits to roll in. You have to take an active approach to trading. You must search the markets for new opportunities. That can mean looking through stacks of boring reports, scanning through a hundred charts, or working as an amateur specialist to see if anything can give you an insight as to how prices will move. If you want to...
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1 Comment
Recent comment in this post
Novák
Thank You, JOe.
Monday, 20 August 2018 03:31
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  1 Comment
Aug
16

Is there room for hope in trading?

Is there room for hope in trading?
In trading, hopelessness is not brought about by the situation, but rather by your interpretation of the situation. How you explain the cause of a bad situation accounts for how you cope with it. If you think, "I've always been incompetent and this is just another one of those times that proves how incompetent I've always been," you will tend to view the situation as hopeless and just want to give...
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377 Hits
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Aug
12

Learn to Use Inaction in Trading

Learn to Use Inaction in Trading
Inaction - not putting on a trade - is one of the greatest, most powerful tools you possess. Many large funds have to always be invested with at least some percentage of their capital. Moving into or out of a trade, without their own actions moving the market, is much more difficult for them. They are usually not able to quickly jump in and out of a market. This is an important advantage a smaller...
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377 Hits
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Aug
02

Your Money or Your Ego?

Your Money or Your Ego?
​ Which would you be willing to part with first, your money or your self-esteem? If you are like most traders, you are likely to let your money go before your self-esteem. Trading stories are full of traders who gladly fed losing trades to avoid admitting the fact that they made a mistake. They hoped against hope that a losing trade would turn around if they could merely wait long enough. In the e...
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451 Hits
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Jul
31

Your Money or Your Ego?

Your Money or Your Ego?
​ Which would you be willing to part with first, your money or your self-esteem? If you are like most traders, you are likely to let your money go before your self-esteem. Trading stories are full of traders who gladly fed losing trades to avoid admitting the fact that they made a mistake. They hoped against hope that a losing trade would turn around if they could merely wait long enough. In the e...
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440 Hits
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Jul
27

Trading Preparations

Trading Preparations
Are you ready to tackle the markets at any time? Bring it on, right? It would be ideal if we were ready to trade at any given moment, but the human mind has its limits. You don't have an endless supply of energy. After a marathon stretch of trading, for example, you may not be able to tackle the markets in earnest. You may not be able to concentrate fully. You may be easily distracted, and while y...
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400 Hits
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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.