You can’t catch every good price move.
You can’t catch everything. If you miss a good move, remind yourself:
Now focus. There is more opportunity coming and it needs your full attention.
Happy trading,
Lance Beggs
My email inbox is filled with some serious “bang my head against the wall†moments. People not making any progress after SO LONG. And yet they don’t have any serious review process in place. There’s nothing anyone can do for these people. They are like cannon fodder in the markets; for as long as they…
Last week we discussed my thoughts on trading a small account with one contract. See here if you missed the article – https://yourtradingcoach.org/trading-business/trading-a-small-account-with-one-contract-part-one/ We finished up by stating the following: It doesn’t matter which management style you choose; a higher probability smaller win target (like my “part oneâ€) or a lower probability larger win target…
Last week we discussed the idea that PATIENCE plays an important role in trading. A key component of edge comes from recognising and accepting that you do NOT have to trade every price sequence. When the bias is unclear, stand aside or trade another market. When the pace of price flow is too fast or…
The whole analysis process for a novice trader is aimed towards finding a winning trade. Sure, they know intellectually that not all trades will win. But surely this one… the one they worked so hard for… the one that all their analysis says is a good trade… it’s just got to win! And then they…
I’d like to return to the session we discussed last week. And in particular the price action which followed that discussion. Because I found conditions quite challenging. And yet I’m fairly pleased with how I performed. With one exception. Let’s check it out. Stuck! Inside my head! Having forgotten that there is a simple way to…
For those day traders who might be stuck in a cycle of continual failure… what if you narrowed your focus? Some days there might be no opportunity. That’s fine. Other days there might only be one trade opportunity. Again that is fine. The idea is that this is not necessarily a permanent change to your…
