How do you know if you’re really cut out to be a professional trader? That is, a trader who makes a living by trading the markets. What makes you think you’re any different from the other 95% of traders that lose money and quit?
If you’re tired of being told that you can’t start trading properly until you have £10,000 ($16,500), then this one’s definitely for you. I started with just £50 and am now a profitable small account trader – with an unconventional view on trading. Over the last 2 years, I’ve developed five steps that are not like anything else you’ll read that, with correct application, will help you become a successful …Read More
The most frustrating thing I encountered when I first started trading was that I was frequently told that I could not start trading properly until I had at least £10,000 saved up, and that even then I was pushing it. Well, I didn’t have £10,000 spare and in fact, only had £500. What was I to do? Abandon all hope of escaping the rat race to become a simple trader …Read More
Do you believe that intuition only comes with many years of experience? It’s a commonly held belief for sure, but the truth is, intuitive decisions are made every day in the real world, sometimes using only minutes or even hours worth of ‘past experiences’ and memories to draw upon. But could this same power be accessed by a trader (me) who has only been trading for 18 months to make …Read More
Have you got any trades lined up for this week yet? I’ve got a few lined up where I’m taking a very simple, stress free approach and I was thinking that you might be able to benefit from having a look at them too.
Do you admit your trading losses? Do they depress you? Believe it or not, losing is not only essential for your health and wellbeing, but it is actually vital to your longterm success as a trader. You see, ‘losing’ trades are no more inseperable from ‘winning’ trades as the moon is from its reflection in the lake. Neither can exist without the other…
I started trading in March 2012 and within five months had managed to lose £2500 (£500 a month). If this wasn’t a big enough kick in the teeth on its own, it was far worse when my wife got hold of our bank statements. Not only did I feel like a dick for wasting money trading instead of putting it away for our newborn son, I also felt like a …Read More
Every time you make a decision, you are faced with a choice. Should you take your time to review objective information or should you trust your gut and go with your instinct? Well, according to a recent study by Rice University and published in the Organizational Behavior and Human Decision Processes Journal, you should go with your gut…
Do you have a plan for tomorrow? I don’t mean a trade or anything complex like that; I mean a simple plan. For example, it could be to wake up at 6am, have a shower, get dressed, have some breakfast, travel to work for 8.30 and steal 30 mins of flexi time – that kind of plan. If you can think of a plan, I’d like you to be part …Read More
Recently I’ve become increasingly fascinated by the idea that intuition, emotion and instinct could be the most reliable tool we have to profit from trading. I’ve read so much over the last 6 months and in almost every case, the one thing I’m constantly told not to do is to let my emotions play any part in my trading. I believe that is the biggest mistake you could ever make.