Money is the By-Product of Trading

June 1, 2013

Traders deal with profit and loss on a daily basis. And it’s instant. You take a winning trade your account grows, you take a losing trade, and your account shrinks. With that instant pain or instant pleasure comes an attachment to the outcome of trading, to the money. Or as the saying goes “Trading your […]

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Trading Support and Resistance

May 17, 2013

When it comes to trading support and resistance is the name of the game and support and resistance comes right off the chart. Name any indicator you can imagine, any concept of data crunching you think of, they all use the Open, High, Low, or Close from whatever time frame they are analyzing. In short, […]

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Defining Trading Success

April 27, 2013

We all want to be successful in whatever we do, but success means different things to different people. For traders most of us define success as profits. If we win, we are successful. If we lose, we are a failure. Harsh but true for most traders and how they look at their process of trading. […]

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Hindsight in trading

April 12, 2013

One of the games with play when we are trading is based on what happens in hindsight. We all do it. We take a trade, take a point or 2, then when the market goes another 2 or 3 points farther, we wish we had held on. “If only ida, or I woulda, shoulda, coulda”. […]

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