Trading – the art of managing the imperfection of human decision and action in an environment of uncertainty.
Damn, I love this game!  🙂
Happy trading,
Lance Beggs
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Sports and Trading – Finding Your Forté
Your trading timeframe, market and strategy MUST be matched with who you are as a person. Until it does, I believe it’s impossible for you to achieve consistent success. This is discussed below in a great email exchange with one of the YTC readers… Email: Hi Lance, I actually read the three parts of “The…
Metagame Deception
How nice is this market open… And I’ll admit it looks damn tempting. But wait! I’m not just playing price action. I’m playing the metagame. I’m viewing the market not just as price movement and patterns, but also as PEOPLE whose trade decisions create the price movement and patterns. I’m trading AGAINST those traders who…
Professionals Traded Here! What Were They Seeing That You Couldn’t See?
We’ve talked in previous articles about the fact that the best opportunity is found close to the edges of the market structure. Or another way to express the idea… “Confirmation is risk!†https://yourtradingcoach.org/trading-process-and-strategy/real-opportunity-is-found-at-the-edges-of-market-structure/ https://yourtradingcoach.org/trading-process-and-strategy/confirmation-is-risk/ https://yourtradingcoach.org/trading-process-and-strategy/confirmation-is-risk-part-2/ Typically when posting these sort of articles I get a comment or two of the following type: “You can’t…
Retest of the Point of Contraction
With hindsight, Tuesday’s Crude Oil session started off the first few hours as a narrow-range sideways low volume market. Note to self – I’ve often said I should avoid rollover day. One day I should listen to myself. In a ranging market, the best opportunity is usually found at the edges, in particular when it…
Stops – Frustrating!
Here’s a great question from one of the www.yourtradingcoach.org subscribers. I thought it would be good to share this one as there are some great lessons here: Question: Hi Lance: I’m really lost on this issue of stops….. I know you have a very different viewpoint on it – I’ve seen your video on the site….
The Most Reliable Price Swings
The most reliable price swings are those following the point of realization of a trap. My trading strategy aims to have me trading as one of the trappers, rather than one of the trapped. Does yours? Happy trapping, Lance Beggs