A trader’s foundation step towards profitability..
Before you can develop into a profitable trader… There’s a foundational step towards profitability that you need to understand. Strangely enough, it’s also the root cause of why trading is so difficult. It’s not about finding the right mentor or picking the best strategy. And it has nothing to do with trading psychology. Those are …
A trader’s foundation step towards profitability.. Read More »
How removing risk sabotages your reward
Even if you have the perfect trade setup… There’s still a common trade management flaw that can hinder your performance. And that’s moving your stop loss to breakeven too soon. Let’s say you enter a trade that meets all the criteria of your trading plan. But as soon as your position is running in some …
Thriving on uncertainty…
Everywhere we look, there’s uncertainty right now. The Bank of England warned of a coming recession this week amid a rising inflationary environment. Globally we have supply bottlenecks, energy concerns, the Ukraine/Russia war plus, growing tensions with China, Taiwan and the US. As with all periods of uncertainty, just like during the financial crisis, there’s …