The majority of traders who lose money and leave the markets without learning the lessons. The market was trying to teach them some important lessons. There were most likely four Nightmares of the failed trader who go through the trader’s account, leaving behind lost battles, pestilence, famine, and destruction. What are the causes a trader’s…
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A great trading plan is the only way to be a great trader. You will feel relaxed and confident in your knowledge and understanding if you stick to your Trading Plan and allow it to be your boss rather than your ego or emotions. Because you know your strategy will win in the end, no…
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With all of the experience and understanding, books, chart patterns and indicators that we are adding to our trading toolbox, it’s easy to forget what we need to get rid of from our trading routine. We don’t think about the things things a Trader Needs to Avoid when we’re adding new things to our toolbox.…
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The majority of people believe they are playing against the market, but the market is unconcerned. You’re essentially competing with yourself. We don’t lose to the markets, we lose to ourselves. Our ability to follow price action with discipline while managing risk is what makes us successful. In the short term, price action and certain…
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In this article the five key lessons That give Traders an edge are given. Learning to trade is a process that everyone goes through. Traders who believe they are exempt from the trading education process usually discover the hard way that they have mistaken bull markets for genius or market conditions for skills. In the…
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Trillions of dollars pass from trader to trader and market to market every day. Many traders are content to simply dip their bucket in and take a share each day. However, where does the money go? How can we find Ways To Get Trading Profits? Every day, options lose their time value, option sellers blow…
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Some days I wish, I could go back 10 years and teach things myself I wish I knew Before I Started Trading I’ve learned the hard way in the markets.. I was fortunate to make money early on thanks to the earlier bull market; I only wish I had known how to keep all of…
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The journey of a trader from new trader to wealthy trader is broken down into 30 steps. We buy books, take video courses, maybe go to live seminars, and study what actually works in trading. With the new knowledge we have, we start to trading. We make some money money, but also lose it back…
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The following is a list of Things Traders Must Manage For Success. Traders must have excellent risk management skills. Traders must deal with their own stress. Make sure you don’t trade too big to keep your stress level down. If you can’t talk calmly to someone while you trade, you’re trading too big! Traders need…
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If you find a good trading system, you may not know that even if you make some important mistakes, you can still make the system lose money. Once you have a system that seems to be strong based on previous data, stock charts, or back testing, be careful not to make these mistakes: In the…
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