I was asked over lunch on Sunday what I thought were the major elements that prevent traders from being profitable – so I dug out this old list. Undercapitalised One of the most significant reasons traders fail in the markets is that they begin with insufficient capital. Many newcomers to trading, often fuelled by overconfidence…
……..You have to sit in the discomfort for long enough to see what will happen. Too often, we quit before we hit the point where the body and mind adjust. To be clear, it is a balance between knowing what to stick through to see if you’ll adapt and knowing when you are just digging…
Many traders confuse the generation of indicators and playing with technical analysis software with trading. It is not. I doubt you could find a truly proficient trader anywhere in the world who was interested in endlessly experimenting with indicators. They certainly don’t spend hours trolling through the new scripts that have been added to a…
If you have managed to put your pants on straight and your shoes are on the correct feet then I can assure you that you are smarter than Wall Street’s best and brightest.
In this episode, we dive deep into the groundbreaking book Start Thinking Rich with renowned experts Dr. Brad Klontz and Adrian Brambila.
One of the primary motivators of human behavior is avoiding regret. Before the legendary behavioral economists Daniel Kahneman and Amos Tversky formalized prospect theory and loss aversion, they believed that regret avoidance was at the root of the human behaviors they were studying. However, they learned that there are behaviors that regret avoidance could not…
Markets are full of hyperbole (read overblownbullshit) How you process this noise is a key part of how you perceive and react to trading opportunities that occur.
Even in the strongest bull markets, it pays to be selective. The chart below shows g0ld—it is clearly doing well. In the good old days, buying anything that had even the vaguest connection to the sector would have been sufficient. However, things have changed. To illustrate this I ran a simple scan over my custom…
In his first podcast episode ever, Bill Eckhardt emphasizes that successful trading hinges more on risk control than on predicting market movements, a theme that resonates throughout his conversation with Moritz Siebert and Rob Sorrentino. The episode explores Eckhardt’s journey from the renowned Turtle trading experiment to his current systematic trading strategies at Eckhardt Trading…
One of the most appealing things about trading is the ability to write your own job description. ou determine the how and why of your trading business – not someone else. But you have to work out what your truth is for your own survival.
The thoughts are often distressing and punitive. Strikingly, these concerns vaporise in the daylight, proving that the 3am thinking was completely irrational and unproductive. But why? More here – Pocket
Just as markets often teach us to trade badly they also drags us towards the most emotionally taxing of all time frames.
QAN currently sits at a very interesting juncture. The mechanism you use to trade this next phase can be applied to any instrument.
Traders often cite external issues as their greatest impediments. Unfortunately they are looking in the wrong direction.
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