When you look at the chart about to take a trade, you are still hesitating, still unsure whether this is the right one. You are still uncertain about pulling the trigger. Remember – it will always be like this! No matter how much you trade, this feeling of uncertainty for the outcome of any one […]
Trading is only difficult when you have inappropriate expectations. You ensure it will be difficult by expecting it to be easy. You ensure frustration when you expect the Market to be certain and predictable. By expecting the Market to do what you think it should do, you ensure disgust and subsequent lack of confidence – […]
How often do you feel frustrated because of the Market? How often the Market behaves in ways causing stress and anxiety? But truly, how can anything be “because of” the Market? The Market can only reflect back what’s already inside of you. If frustration is boiling inside, if you are anxious and unsure, all these […]
Never allow yourself to lose track of the Market. It is constantly changing and as soon as you let your attention to waiver, it will take you to places you have never seen before. Never let the Market travel far ahead of you! It will always be ahead, but it is your job to anticipate […]
If you are trading without first assuring your survival, you are just playing a game, a crazy gamble that a drunkard places over the weekend in Las Vegas casino. No real trader who aspires to reach constant profitability will participate in the Market without first assuring their survival. The above is absolutely essential and goes […]
It is important to be able to see the first signs of a fading trend. There is no better exercise than to watch hundreds of strong moves on history – the moves that always, inevitably fade, lose strength and reverse. Nothing lasts forever, and in order to stay in balance, Market must go through constant […]
Each currency constantly moves in cycles. Each one has a cycle on each timeframe, starting with Weekly, then Daily and H4 inside of it. My job is to read traders’ emotions in every cycle. My job is to read price action in each cycle. My job is to watch how cycles change. A currency cycle […]
It is often difficult to recover from frustration of bad trading. When you make the mistakes you know you shouldn’t have made. When your read of the Market had been particularly poor and you are feeling absolutely disgusted with yourself about it. Notice your thinking, notice your feeling, hear your self-talk. Instead of learning something […]
There is always something interesting going on in the Market. Different events will make different traders feel differently. Our job is to read their emotions and feelings the best we can and find out where the crowd will be trapped.
Let’s take a look at what consistently profitable trader might be going through in his trading. Is this how you feel in your trading?