Van Tharp focuses on trading psychology and has been doing it since the 80s. He attempts to get traders to realize their full potential by removing blocks and mental obstacles that are affecting/hurting their trading. The Peak Performance 101 workshop...
Here is the real answer on the odds of becoming a successful day trader. This data is based on the success rate I witnessed while day trading for a propriety trading firm for 6 years, and also from conversions with...
These day trading practices have the potential to dramatically improve results. Day trading is a mentally engaging process, and these practices are designed to keep us alert and focused, yet relaxed and confident. All key ingredients for trading well and...
Knowing how a long trade may last has multiple benefits. Before taking a trade, write down or be aware of how long similar trades have typically taken before reaching a profitable exit, such as a profit target or trailing stop loss. Do...
Mistakes cost a lot, and most traders have no idea the actual dollar value of those mistakes. You could be adding hundreds or thousands of dollars to your income each month; re-claiming money that was yours, but was lost to correctable mistakes....
A trading plan is a document we create for ourselves that outlines exactly how we will trade and operate in relation to our trading activities. Having a trading plan, and following it, builds consistency and allows for improvement over time....
We’ve all had those moments in trading where we know we shouldn’t do something, but we do it anyway. Then a split second later we are wondering what happened. It was like we were possessed for half a second and...
These are some of my favorite books for learning how to swing trade stocks. These books cover strategies as well as the mental aspects of trading. I have included my top picks, as well as additional books if you want...
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