Are You Feeling Lucky?
All traders struggle. For most, it’s a matter of getting through years of struggle at the beginning to see some consistent success. Some traders are unlucky enough to start at…
Reader Question: How to Stop Overtrading?
I have received several questions about overtrading over the past few weeks. Each question touched on a different aspect of the problem,; this is a serious question that many traders…
Stop Making Impulse Trades: 5 Ways to Make Your Trading Better Today
Many traders struggle with making impulsive trades. For some reason, we can create the best and most carefully crafted trading plan, review the patterns we intend to trade, and resolve…
Patience… patience
An interesting debate emerged in the comments to one of my posts. In the post, I had suggested the discipline was the most important thing; a reader countered that patience…
Your many hats
I wrote a few posts last week about how to never miss the move. Today, I want to dig into that idea a little bit deeper, and think about why,…
So you missed the move?
This post might make you mad. You might think I'm blind to risks or that I don't understand the world. You might end up telling me how wrong and stupid…
The one thing–the only thing–that matters
One of the problems with successful trading is that everything matters. In the scope of: when to get in, when to get out, how much to buy or sell, how…
The homework rule
I've written a series of short posts this week on simple trading rules that can make a difference. I've tried to make this as broad as possible, so that they…
The discipline rule
You have to be disciplined to trade successfully; we all know that, and it's one of the few pieces of trading advice that might apply universally. No matter what your…
Mailbag: moving off the simulator, how to think about influences, and more…
I have a little pile of reader's questions here, so let me just get to them. John asks: "Should I use stop or stop limit orders to protect profits and…
Five steps to trading discipline (and why you should care)
You have to be a disciplined trader. This is one of the nuggets of trading wisdom we hear constantly, and for good reason--it's true. Without discipline, we will make many…
Stop! Don’t make that trade…
So you're a trader, huh? (Or investor... if you think of yourself as an investor, just read "invest" instead of "trade"; this message is for you too!) If you are…