In the example with 60 white/40 black marbles in a jar, most traders will agree that it does not make any sense to hesitate pulling the marbles out (provided, the bet on each trade/marble is small enough). Each time there is a signal, it must be taken, being excited that it slowly but surely increases […]
The work you invest into the Market must be consistent, day in day out. Each time you allow yourself a day off or a week of half-hearted effort, you are making a big step back. Until the state of consistency is firmly established in a trader’s mind, he is not a trader. Being a trader […]
Market is my psychological, emotional mirror. It will reflect back all the frustration I feel towards it. At the same time it will just as readily reflect all the curiosity, confidence, acceptance and fascination that I experience towards it. I am already consistently profitable. I already have all it takes to be the trader I […]
As usual on Sunday morning, I am spending most time researching fundamental information online. I started with this great infographic: Nearly 3000% expected increase in demand for Lithium? That could drive prices up quite a bit! Cobalt nearly 2000%. More at this link. Then I checked out the car that UBS tore down to research […]
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 […]
