Articles on institutional positioning, options flow, price action, and the neuroscience of trading.
Last week in a free private webinar for my course members, I asked a key question about what builds confidence in trading. Trading is without a doubt, an endeavor you need confidence in. Having a confidence that you can do this will be a fuel when you need it, clear obstacles when you face them,…
In a great study by Thomas Corley on the daily habits of successful wealthy business people vs. the poor, some fascinating statistics were unearthed. Here are several below: 76% of wealthy people exercise aerobically at least 4 days a week vs. 23% for the poor Those same wealthy people eat over 30% less junk food…
Last year Nathan at winnerstradingedge.com wrote a brilliant piece which you can find here talking about Why Nial Fuller’s Method Doesn’t Work (referring specifically to his risk models). In this article, he is responding to Nial’s claim that the superior forex risk management system is to risk a fixed dollar amount per trade. It should…
By now many of you are in full swing with the new year, and at least 6 days removed from creating your new year resolutions. Below are some interesting statistics about new years resolutions, some of which I think will not shock you. 1) About 8% of people are successful in achieving their new years…
To trade profitably takes many things, all of which are borne of a successful trading mindset. You will never find a highly profitable trader without a successful mindset. You will need mental strength to complete this journey – but just like muscles, this mental strength can be built with proper training. It is important to…
Successful traders and people often do things differently than the rest of the crowd. But what they do is not magical or something unavailable to you. A successful trader mindset is always behind these people, and this is something you can build. There is very little about trading that is easy, and often times I…
One of the greatest ‘myths‘ out there (or mis-information) is price action on the lower time frames (below 1hr charts) is just ‘noise‘. This is a highly confused notion of price action trading and nothing could be further from the truth. Prop traders are often trading below the 1hr time frames every day, oftentimes on…
In 99% of the cases, when hearing about ‘protecting your capital’, what’s being discussed is your financial capital, or money in the account. But when do you hear about protecting your mental capital? Unfortunately there is very little discussion about protecting your mental capital. And yet, it can often be more important than protecting your actual capital…
About a week ago, I took a training (not related to trading) which was a tremendous learning experience. It was a deliberately small group of highly successful people so we could get more personalized training. In the group were the following professionals; 1) Aerospace Engineer for Test Pilots/Mission Control (ya know ‘Houston, we have a…
About three days ago, I was given an interesting question by a student. They asked the following; “Out of curiosity, how many trades do you take in a month? Is it like sniper trades, as in one trade a week or so?” After reading the question, I realized they had a confused assumption about what…