Today we will talk about trading psychology, and why day trading is mostly mental. If you break trading down to the very basics, much of it is very similar to life in general. It is a catch 22 really, as your trading plan and your mind are normally working against one another. Once you finally make […]
If you have read any of my previous articles here on the website, or even if you have listened to more than a few of my videos, then you have most certainly heard me say that trading itself is not really that hard, but in fact, the reason there is so much failure in this
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If you would like to make more money as a trader, you should understand that you can actually improve your day trading strategy with increased patience! What we have found in our years of attempting to teach price action trading to others is that most losing traders are far too impatient when it comes to
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It is important that you incorporate psychology into your price action trading strategies in order to achieve true trading success. There is an evolution that most traders follow in their path to become a profitable day trader. They first believe that there is a holy grail formula to becoming a winning day trader, so they
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While we tend to be a bit prejudiced about our thoughts on price action trading, we still try and keep an open mind as to how others are using price action in their day trading. Following that line of thinking, here is another traders introduction to price action analysis. It’s doubtful you will get
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We like this article for one reason mainly, and it’s because of Debbie’s advice to get up and walk away when the market is going against you. Days like that can wipe out even the best trading account, so don’t let it happen to you! If you are having a bad day, take Debbie’s advice
One of the most important things to understand when it comes to trading is that your entry and exit strategy is only the beginning. You must conquer that first, but then comes the real difference maker when it comes to trading, and that’s learning to control your emotions, or even worse, fighting your mental mistakes