A good trader is only as good as their money management. Despite the hype even the best traders are only “winning” 50 to 70% of the time. “Losses” are part of the game, it’s the cost of doing business. Thinking you’re going to make it rich with each trade is like a fighter expecting to […]
Getting Real About Losses Read More »
I can remember being about 6 years old and watching Rocky IV on VHS. Talk about the quintessential 80’s hero story of the underdog making a comeback and defying the odds. I mean you got the USA vs. Russia, and there stands Rocky facing an opponent likes he’s never seen before. Gold right? Pop the
The Market Vs. Rocky Balboa Read More »
A few of years ago I was trading futures in the Mini-Dow with a mentor-friend of mine. We were long, had set our stops, placed our targets, and were now waiting for the trade to do the work. As we were waiting for the market to move, we distracted ourselves from watching the screen tick
The Most Dangerous Thing Read More »
The moment you put on a trade you lose half your brain cells. In truth it all comes down to emotion. Usually within my workshops or when working with a client I’ll ask the question; In the mind, Emotion or Logic which wins? Most people especially highly skilled professionals or folks who consider themselves intelligent
Trading with Half a Brain Read More »
