Without a trading plan, successful trading is unlikely – you’re effectively driving blind.
The problem is new traders fail to recognise the significance of a trading plan. This may address why many traders find it difficult to accomplish their goals in this business.
‘It pays to know where you are in the bigger picture’. We’re not entirely sure where this statement originated from, but it is certainly one that should be memorized. What is a multi-timeframe approach? It’s no secret that adopting a multi-timeframe approach can enhance your trading. The problem, however, is that some traders find it … Continue reading Using a Multi-Timeframe Approach
Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to. In other words, it is money that one CANNOT afford to lose, and therefore, should not really be using it to trade the markets with. An example of hot money is … Continue reading What Does Fearful Money mean to Traders?
Updated September 2020 Many envision a sense of freedom when introduced to trading – freedom to spend more time with family, freedom to travel, freedom to lead life on their terms. Regrettably, this freedom fails to materialise for the majority of traders. Traders, particularly newer traders, want freedom and success now. They fail to understand … Continue reading Trading the Higher Timeframes: An Overview
Updated June 2020 Although having a well-defined trading strategy is vital to get ahead, some traders mistakenly believe this is the be-all and end-all of trading and pursue perfection. The quest for a flawless approach is widespread, often elbowing traders into a vicious cycle – a cycle that can last for years, and for some, … Continue reading The Ceaseless Quest for a Perfect Trading Strategy
