Tag Archives for " trading discipline "

The Psychology of Successful Trading

The Phycology of Successful Trading The phycology of successful trading is 80% psychological and 20% methodical. As I have said in the past, self-knowledge is the key to market success. A trading method by itself, no matter how well thought out, cannot be successful if it is not applied in the correct manner. It is […]

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The Truth about Day Trading

The Truth about Day Trading The truth about day trading is that there are no trading secrets and no easy paths to quick success in trading markets. Now that we have that statement out of the way, we can begin to look at some factors a person needs to consider before they want to begin […]

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How to Become a Successful Trader

How to Become a Successful Trader To become a successful, a trader you must adapt to ever changing market situations over which one has no control, and you must change the situations over which you do have control. It never ceases to amaze me that people will attend a seminar, a class, and buy newsletter […]

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Reading Trading Rules

Read Your Trading Rules Everyday Reading trading rules Too many new traders think that because they have $25,000 equity in their trading account that they somehow have the right to trade five or ten e-Mini S&P contracts. This cannot be further from the truth. If you can’t trade a one lot successfully, what makes you […]

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Build a Trading Plan

Basic RULES to Build a Trading Plan MUST read Build a Trading Plan To Build a Trading Plan many people enter the stock market focused only on the profits and do not consider the losses. If you think for one minute you are going to win one hundred percent of the time, you are wrong. […]

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