drSwierk

drSwierk Apr 3, 2024

...one of the secrets of why the best are the best HOW TO DEAL WITH INTERNAL CONFLICTS THAT BLOCK SUCCESS AND TAKE MONEY AWAY FROM TRADERS? For professional traders, a key element in their success is their state of mind, the so-called "zona" first described by Mark Douglas in his book "Trading in the Zone." It took quite a while to understand two key things -...

drSwierk Mar 18, 2024

Experts' answers Question In the last month I made 24 entries into the market, the monthly result is a 2% capital gain and 70% of the positions were not losing, that is, they were on the plus or zero. Nevertheless, it worries me that I earned little, I feel like standing still. Several times I had such a case: I have SL equal to 20 pips, the market went 20...

drSwierk Feb 29, 2024

Continuation of previous text... . Traits of the best traders . The best ones are very independent. I haven't met anyone who relies on the opinions of others in making decisions, especially opinions published on forums on the Internet or in the press. There's a saying that Wall Street is the kind of place where people come in Rolls-Royce cars to listen to...

drSwierk Feb 27, 2024

10 practical tips on how to have a profitable system to be a profitable trader Let's start with what is our ideal, when we see the signals from the system on the historical chart - SL and TP then our "ideal" would be to make an entry and get to the TP a little "in a mechanical way". That is, the way an automatic would do it. I will now give some tips that...

drSwierk Feb 24, 2024

Let's start today with an excerpt from an interview in which we cover the important topic "It is the trader who is profitable, not the system". You'll see with examples how results depend on what's going on in a trader's head, so you'll look at your own results from a distance and see that they may in your case depend on deeper things than you've so far thought,...

drSwierk Feb 16, 2024

A trader told me that he has been in the market for several years now, but he had to revise his expectations. He is frustrated that he can't earn more and his dreams for which he started trading won't come true. He earns well, but not enough to live the lifestyle he would like. He thought about buying himself an expensive yacht, it was his goal, a status symbol...

drSwierk Feb 9, 2024

Virtually all experts agree that discipline is the most important trait of a trader. All of them, except for me A closer look at this popular opinion has shown that it is wrong. One trait is much more important than discipline, and it is evident in the best traders. At first glance, it seems clear that discipline is the most important in trading because there...

drSwierk Feb 6, 2024

The most important problems leading to losses in the market and how to deal with them "I suffered a series of severe losses, and to this day I still can't recover from it." - this is how an investor friend described the more difficult period he was going through. Life events made him more stressed than usual and on top of that, a series of losses happened to...

drSwierk Feb 1, 2024

This is a story about how a good friend of mine lost over 700.000,- in 9 hours. And about the importance of the role of YOUR psyche in trading. Some time ago, a fellow trader phoned me. Let's call him Tom. He traded occasionally, and by day was the CEO of a small company. We arranged to meet. It supposed to be an ordinary friendly conversation. There was no...

drSwierk Jan 29, 2024

Evaluating stocks There are now several companies that estimate oil inventories and fuel production volumes. They analyze how much crude is in tanks (by measuring the shadow cast by the tank) and how much fuel is on the way (tankers, ship manifests) and in tanks on sidings. With satellite imagery, analysts can also estimate aluminium inventories at key...

drSwierk Jan 26, 2024

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor." - JESSE LIVERMORE Consider a trader named Jon, who began Forex trading with high hopes of significant profits. Jon had a solid...

drSwierk Jan 23, 2024

The use of Alternative Data is the current super trend strongly shaping the present and future of investing. It is a revolution more important than the revolution that Artificial Intelligence will give. The main benefit of Alternative Data (AD) is that you can have most of your important metrics faster and more accurately than ever before. Alternative Data...

drSwierk Jan 19, 2024

We have two channels with which we perceive the world. The first (customarily attributed to the left hemisphere) is the analytical channel - the stream of thought, we usually think is rational. The second (customarily attributed to the right hemisphere of the brain) is the emotional channel. We perceive what is happening around us emotionally. We can better...

drSwierk Jan 17, 2024

Alternative Data ADs provide a better picture of a company's situation, raw materials, currencies. It also allows us to assess the "current state" (nowcasting) of significant indicators. Those data make trading signals better, more precise, less risky and more profitable. It is a revolution accompanying the AI revolution and even preceding it. In my opinion, it...

drSwierk Jan 15, 2024

In this article, you'll learn about six of the most critical and "hottest" elements that make up or are associated with AI today. In addition, you'll learn the basics of the tools that will shape the future of trading. First in the biggest and wealthiest funds and then in smaller ones as well. I invite you to take a journey into this near and far future of...

drSwierk Jan 11, 2024

The trader's decision-making process is one of the most important concepts in trading for me. Why? Results depend on a good process. So what is a trader's decision-making process? Generally speaking, these are all the thought processes, analytical processes and decisions you make from the initial analysis ("idea") to the closing and analysis of a position. The...

drSwierk Jan 10, 2024

This article is hugely important, especially for traders outside the funds. The basis is to observe the best traders, specific behavior when they are successful. Interestingly, the same behavior is observed in the most outstanding athletes, businessmen, members of elite special units. The best of the best, when they are successful - they want to be even better. ...

drSwierk Jan 9, 2024

On January 22, 2020, the rising cycle on the S&P ended and the declining cycle began. Apart from this one tool, there was no indication that we were about to experience historic declines and the biggest panic in the markets so far. On March 6, 2020, the correction ended and the oil market entered a downward cycle. Only one group of traders was not surprised...