Self Love – The New Norm When I started day trading years ago, before I discovered that I am fully responsible for all I do – the market hit me harder and harder each day. However, if you stick it … Continue reading →
If there ever was a book that got your ass moving in gear, You Are a Badass is the one and only. Actually, I’m truly wondering why this book isn’t the most important first book to read when starting your personal … Continue reading →
Bad Habits of Traders – It Ain’t About the Money – Part 4 Psychology of Trading This one is really going to surprise you. DON’T EVER THINK ABOUT MONEY WHEN TRADING! I know it sounds insane, but if you … Continue reading →
Life Lessons from the Trenches – Consistency The number one thing about trading is CONSISTENCY (ok, there are many things important in trading, but few trump this one). Before trading, and even into my early days of trading the one … Continue reading →
Book Recommendation – Switch: How to Change Things When Change Is Hard Change is so hard, even for a trader. Not only because we resist it completely, but mainly because we don’t know HOW to make the change. It’s one … Continue reading →
As I mentioned earlier, the screwy thing that can happen is that we develop bad habits in trading before good ones. Profit Management – Or Lack There Of The second biggest, and can be more harmful to your emotional state … Continue reading →
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.