Professional traders see who the other traders are, how they trade and what makes them tick.
The stuff on the charts are tools to monetise, knowing who's doing what and why in the markets.
It’s this approach that removes the struggle from trading.
Read MoreIf you can start by defining good mentoring, you can determine if it's feasible and weed out what's unhelpful.
Your guide to choosing the right mentor
Read More4-step trading framework: Improving performance by solving common trader issues. Plenty to unpack here…
Read MoreNot surprisingly, traders are making a living by taking the other side of those traders who say:
"It'll come back"
"I'll give it a bit more room"
"I'm down so much now, I'll just wait 'til it gets back to breakeven"
And you know how this ends, right? So you can provide a service to traders who must exit the market as follows…
Read MoreCOT?
It stands for Commitments Of Traders report.
In this example, you'll see the Commitments Of Traders for AUD/USD futures plotted.
What can you see?
Do you like the idea of trading intraday, but you're worried fast moves will catch you out?
Are you concerned you'll suffer wild swings in profits but also losses as a consequence?
These 3 transferrable skills enable you to trade rapid price movement....
Read MoreIt's fantastic news for mature traders because you're in your prime. Changes that completely unlock 3 thinking types - but not before your 50's.
Read MoreA driving force to succeed at trading was wanting to avoid all that.
But the further I delved into trading, guess what? Due to market politics, you must also play the game when trading. So I'm going to show you. And the easiest way to do it? Yep, real trading examples:
Read MoreCan you relate?
Rasons why traders feel overwhelmed:
Not knowing if you'll lose money.
Fear and anxiety about future outcomes.
Lack of time.
Pressure of making decisions.
Feeling all alone and unsupported.
Youir 5 steps to overcome these…
5 steps to solve the above
Read MoreYou have edge when:
you take uncrowded trades
that exploit price inefficiencies.
Markets are democratic. The majority determines fair price.
But sometimes price trades at a discount or premium to its fair price.
This can be due to…
Read Morea trade that produces profits over a meaningful sample size is said to have edge.
Edge isn't discussed openly (firm traders sign NDA's) leading to broad misunderstanding. To use a card game analogy - you don't show your opponents your hand.
The benefit of intraday trading is arriving at meaningful sample sizes quickly. It's also a skill and experience fast track. It's why successful longer-term traders built their skills through intraday trading.
What edge isn't - when you have a range of trades that produce an overall positive outcome. No way of knowing what contributed to edge across different trades.
What's most important:
psychology?
money management?
or trading edge?*
*a trade that produces profits over meaningful sample size is said to have edge.
Listen:
If you haven't got edge
the best psychology and money management won't save you from losing money.
Read More
