December 29th, 2009

Why People Fail At Trading

Having worked with thousands of traders over the last 5 years… one thing is obvious… Most traders have a good enough trading system to make money and the reason they DON’T is that they lack solid trading discipline.  The traders that succeed in trading do the following; they follow the trading strategy, they keep a [...]

November 25th, 2009

A Trading Plan and Discipline = Keys To success

“Only a trader with a solid, tested trading plan and the total discipline to execute that plan, in all its aspects, will be equipped to take advantage of market opportunities and be a consistently successful trader. All others will fail.” Now ask yourself a couple of questions. QUESTION 1: How many times have you done [...]

November 4th, 2009

Four Thoughts on Discipline in Trading

We have summarized the comments of 4 traders about being a more disciplined trader. A day traders comments: He is a consistent trader his accuracy was good but would have a blow up one day a month and lose a lot of what he had made. When he realized that being right is not the [...]

January 13th, 2009

Be a Trade Taker Not a Trade Watcher (24 of 26)

Traders can get depressed because they knew the market was going one way or another; however, they failed to enter the market. Usually the response as to why they did not put on a trade is that they were waiting to be filled at the absolute best possible price (and never got filled), or only [...]

January 12th, 2009

Be a Trading Machine (23 of 26)

If you have ever been around or seen manufacturing you know that the machines do the same thing all day long over and over again.  Each machine is good at what it does and if you ask a filling machine to put on the lid or make a cut it does not work. Traders are [...]

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