Trading Improvement

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....

For each strategy you trade, have a pre-trade checklist. Before placing your orders, go over the checklist to make sure that the trade meets your strategy guidelines. It is a quick spot-check to make sure you’re allocating your money to a...

We’ve all had those moments in trading where we know we shouldn’t do something, but we do it anyway. Or we should do something, but we freeze instead. A split second later we’re wondering what happened. It’s like we were...

We all know that as traders we need self-discipline and control. We need to follow our trading plan, and not be taking a bunch of random trades. While we know that, often we can’t do it. So how do we...

Assuming that you will be able to increase your position size rapidly, or even steadily, to grow your income may pose more problems than you expect. Account size permitting, positions size should be increased incrementally, so as not to trigger...

I love trading for a living. It provides the flexibility and time to do things I love. I know many of you want to trade for a living, maybe because you are unsatisfied with your job, or you enjoy studying...