Do you feel it in your bones.
Where do you want to:
Take trades to make up for losses?
Take trades for the sake of trading?
Take trades out of emotions and gut (gat feel)?
Take trades to make a quick buck?
If so, you have felt the power and dangers of Revenge Trading.
TO put it blunt.
Revenge trading is detrimental, dangerous and just plain stupid for any...
When you trade and invest, there are many elements that you will continue to help contribute to.
I can think of 4 main ways including:
Way #1: You help with liquidity (volume)
Remember, you are the intermediary in the markets.
When you exchange money and buy and sell, you’re helping provide liquidity and volume.
This makes it easier for other market...
Just so you know.
I believe if you’re following a world renown and successful Penny Share expert, you’re in good hands.
They are able to spot low risk investments and guide you through the process of owning great Penny Stocks.
But as a trader , who only looks at charts – THIS IS DANGEROUS TERRITORY.
Remember, Penny Shares are high risk, high volatile, low...
There are only a few decisions you need to make as a trader.
When you actually need to press buttons to action trades.
To enter, to adjust and to exit.
It’s crucial for you to know when is the right time to do so.
You need to consider certain factors and criteria to enhance the chance of profitability.
And at the same time to mitigate risks.
So here are four...
So you never took a trade again?
This could be where the problems are rising.
It’s also where you are probably missing out on what could help take your portfolio out of the drawdown.
And sometimes, despite favourable market conditions, you may find yourself still hesitating to enter a trade.
I want to explore four common reasons why traders fail to take the...
It’s true.
When it comes to financial trading, everyone has an opinion, and there is no shortage of advice floating around.
However, some advice is just plain ridiculous and some tips can be downright detrimental to your trading success.
I want to cover the 5 stupid trading advice points, that many traders still follow and why you should avoid them by all...
With each trade you take…
There are these 5 standard questions you’ll need to ask an answer.
Jot these down and have them ready…
Do I Have a Trade Lined Up?
When you go through your watchlist.
You need to see any opportunities in the market that align with your trading strategy.
These should stick out like a sore thumb.
If it’s not, then it’s probably not...
One of the key principles of successful trading is…
Once you have taken the trade to just let it go and allow it to run its course.
The system lined up – tick.
The entry orders are all in place – tick.
It matches your risk and reward criteria – tick.
You know your trade size – tick.
Now let it go.
You may get the urge to interfere, change the levels and...
First let me tell you.
NO you should not feel thrill when you take a profit.
NO you should not feel thrill when you are on a winning streak.
NO you should not feel thrill after a day, week or month of upside.
But I’m not going to be a wet blanket. As a trader, including me, there are times to feel thrill.
Trading is a process, it’s a lifestyle, it’s a game,...
When you gym well, it’s like trading well.
You gym to tone, to lose weight to build muscle and to build discipline.
With trading you trade to build your portfolio, build confidence, create a secured financial future and work on your mindset for life.
Both pursuits require consistent effort, perseverance, and a strategic approach.
Gym is an important element in...
One of the most dangerous traits a trader can adopt is…
Impulse Trading.
This is where they take trades mainly on emotions and gut rather than sound financial analysis.
This means, more risk, more irrational choices and that can lead to steering away from what works.
Your proven trading strategy!
And the end result, you’ll lose in the long term and end up...
Traders have 1 JOB!.
To just take the trade.
All the other stuff is semantics.
But most times you’ll find your inner B I mean Ninny takes over.
And it tells you:
~ Don’t take the trade.
~ You’ll lose money.
~ The stars are not aligned!
~ Blah blah fish paste!
You need to stop listening to your inner F - inny, or it will destroy your chances of success.
So...
It's taking the world by a storm.
Smart Money Concepts is what has become famous lately. Now I've been trading for 20 years and even I have learnt to adapt and adjust SMC to my trading strategy.
I guess we have to evolve and adapt with what there is. Anyways,
Today, I've written a complete Glossary on Smart Money Concepts terms for you.
Enjoy!
SMART MONEY...
Trading can be an excellent way to grow your wealth.
But as you may know by now, it’s not a straightforward path without obstacles.
In fact, several challenges can hinder traders from achieving success in the field.
Here are four more significant success stoppers that traders face in their trading efforts.
No Support from Anyone
Trading can be a lonely and...
Trading as you know is a fantastic alternative to grow your wealth.
However, it is not without its challenges.
In fact, there are several success stoppers that traders face that can derail their trading efforts.
Let’s look at four of them.
STOPPER #1: Same Old Routine
One of the biggest success stoppers for a trader is falling into the same old...
Q. What are the 5 common TIF (Time In Force) Trading Orders to know?
GTC: “Good Till Cancelled”
Where the order remains active until you manually cancel it.
FOK: “Fill or Kill”
This type of order requires immediate execution of the entire order quantity.
If the full amount is not executed, it is then cancelled.
GTD: “Good Till Date”
Where you can...
Do you feel it in your bones.
Where do you want to:
Take trades to make up for losses?
Take trades for the sake of trading?
Take trades out of emotions and gut (gat feel)?
Take trades to make a quick buck?
If so, you have felt the power and dangers of Revenge Trading.
TO put it blunt.
Revenge trading is detrimental, dangerous and just plain stupid for any...
If you’re still failing as a trader.
You could be making one or more of these common and lethal mistakes.
#1: No Structured Approach
If you’re not following a structured approach to evaluate potential trades, you’re likely to make mistakes.
It’s essential to have a well-defined plan that takes into account your personality, risk tolerance and trading...
