Edition 707 - December 29, 2017
HAPPY NEW YEAR!
2018
Happy New Year Traders
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
With 2018 upon us, it's time to make plans for having a fruitful and productive new year. We have only a few days left before a new year of trading starts. It is a time to rejuvenate and re-energize, and one of the best ways to do that is to clean out all the old stuff you have littering your workstation. Organizing your workspace can make you feel in control, as if you are ready to tackle new challenges.
Clutter, full email inboxes and stacks of old paperwork can be distracting. Saved online articles and piles of newspapers you'll never read can make you feel as if the clutter is closing in on you, cramping your style and stressing you out a little. Removing some of the clutter often symbolically gives you increased psychological space and renewed creative vigor. You'll literally have more room to breathe. Some traders may prefer a messy workspace or unorganized files on their computer, but most people associate untidiness with confusion, chaos, and ultimately, stress. An organized workspace, in contrast, is less distracting. When you are trading, it's essential to focus on your screens. Clutter and disarray can grab your attention and shift it away from monitoring the trade of the moment. A clean, sparse and organized workspace is often refreshing.
It may take a little time and effort, but organizing your workspace pays off. And if you do it systematically, you'll get the job done in no time. The first step in organization is to delete old and throw out worthless information. This is the hardest part. We collect saved documents, books and papers because we think we will need them. Yet many times we accumulate so much stuff that its actual contribution is minimal. We'll never find the time to read all of it, and it will just take up valuable workspace. But it's hard to delete it or throw it away. It took time and energy to assemble these items, and throwing them out subtly suggests that you wasted your time collecting the stuff. But most of it can be tossed out. Make tough decisions and commit yourself to throwing out and deleting anything you don't really need.
For those who still have a love for paper copies, developing an informal filing system can be helpful. It doesn't have to be formal with folders for each topic and precise categories labeling each folder. Sometimes you can merely place documents for a particular task or project in a large attractive looking box. You can then pile the boxes in a corner of your office, or if it is still a distraction, you can stack the boxes in the garage. But it's important to get them off your desk and prevent them from encroaching on your workspace, and more importantly, on your mind.
Get a fresh start on 2018. The first trading day of the New Year is on Tuesday. Spend the rest of the week cleaning things out. You'll feel refreshed and invigorated, and ready to tackle the challenges of the New Year.
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
End of the Year with No Losses
Philippe Gautier: Administration and New Developments
Developer: Joe Ross
Another year of price insurance selling is coming to an end. Another year of trading without losses. This is the time for us to stop trading in this low liquidity environment during the last trading week of the year and spend more time with our families and friends. But time decay is still working for us on our existing positions, rewarding us for doing nothing.
We wish you a Happy New Year 2018.
Kind regards,
Philippe
© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Start the New Year Healthy
by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing/Day Trading, and
Editor of Traders Notebook Complete and Traders Notebook Outrights
2017 was for sure a very interesting year. Because of the missing volatility and direction it was very tough for me to swing trade on the daily chart. Selling options was difficult as well because the Implied Volatility stayed at the lower side of the range in most markets throughout the entire year. Not only trading was tough, I had to fight health issues as well at the last quarter of 2017. But we learn only during tough times and this year I learn a lot. What have I learned? I learned not to take things like money, work, or in general all material things so important and to concentrate much more on health than on anything else. And on family of course. At the end, that’s all that matters!
Regarding trading, I want to concentrate more on spreads again. 2018 will be the 15th year I am recommending spread trades in Traders Notebook and during all these years spreads have been an important part. In 2018, I want to push spread trading even more especially under these trading conditions we are in right now. Hopefully you will join the Traders Notebook Family in 2018!
I wish you and your loved ones a happy and healthy 2018!
Andy Jordan
© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
New Year Outlook
by Professional Trader Marco Mayer
Educator for Forex and Futures, Systematic Trader, and
Creator of Ambush Trading Method, Ambush Signals, and AlgoStrats.com
Dear Traders,
I'd like to thank all of you for a great year 2017! Like every year I feel like I’m the one who learned from you or by looking into topics that interested you about trading. It’s amazing how there’s always a new level of depth when it comes to trading that you couldn’t imagine before.
When it comes to actually trading, 2017 surely was a mixed year for me. While Ambush took off to new highs throughout the year in many markets, AlgoStrats:FX drifted into quite a drawdown that surely isn’t what I had expected starting into the year. This lead me to day trade more actively again which happily helped a lot.
I also did my first trades in the crypto currency markets this year and luckily that worked out quite well. Being long the equity markets wasn’t hurting either. But hey, you hardly could fail with that in 2017!
I'll spend the next week over Christmas with my family and friends, far away from the markets. That's what I strongly suggest to do during these days of low liquidity. Just do what everyone else does and relax. After the holidays I’ll go and travel for almost a month and decided to pull the plug completely this time and simply don’t trade at all. This is the first time I’m doing this for many years so I’m really looking forward to this.
So I'd like to wish all of you a Merry Christmas and a Happy New Year! Enjoy the holidays with your family and friends, and I'm looking forward to a great trading year 2018 with you.
Happy Trading!
Marco Mayer
© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Happy New Year from “Behind the Scenes”
While we don’t write articles for the Chart Scan, many of you may recognize us from e-mails and phone calls over the past year as we have had the pleasure of working with students with orders, general questions and guidance. We wish everyone a very successful 2018 and beyond.
Denise Ross and Martha Ross-Edmunds
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