Would you like to discover a quick and simple risk management strategy that is easy to apply to any trading plan, and has the potential to vastly improve results? Excellent! I’m not talking about the placement of stop losses, which is what most people consider as ‘risk management’. Rather, this is a simple tool for…
“Learning is not compulsory… neither is survival.†… W. Edwards Deming, 1900 – 1993 If you’d like to survive in this game, you need to learn. And while the books and courses are good, the best learning comes from making trades and reviewing your performance. So, as we approach the end of the first quarter,…
“Repeticio est mater studiorum.†(Repetition is the mother of all learning) …Saint Thomas Acquinas If you’ve noticed the small size of this article, you may suspect that this article itself is NOT the Greatest Trading Book – Ever! And you’d be correct. But don’t worry; there’s a simple explanation. This article will explain exactly…
I operate my trading business in accordance with my Procedures Manual, which documents the procedural steps I will carry out in order to complete: My pre-session routine My during-session routine My post-session routine My contingency management procedures Let’s discuss my pre-session routine. Feel free to use whatever parts you find useful for documenting your own…
I operate my trading business in accordance with my Procedures Manual, which documents the procedural steps I will carry out in order to complete: My pre-session routine My during-session routine My post-session routine My contingency management procedures We discussed the pre-session routine in a previous article – https://yourtradingcoach.org/trading-business/my-pre-session-routine/ In this article, I’d like to discuss my…
I’d like to share an email provided by a YTC-newsletter reader, Alex, in response to the recent article on post-session analysis. In this email, Alex presents a method he used to improve his trading through effective post-session analysis and review. All effective review involves (in my opinion) some form of comparison of actual performance with hindsight…
In the absence of a curriculum for trader training, and of a mentor who can provide daily guidance, oversight and correction, we are largely left on our own to both chart and navigate our path forward from novice to (hopefully) becoming a professional and consistently profitable trader. All too often though, the way forward is…
As we come to the end of year you’re all hopefully spending some time to review the prior year and plan the upcoming year. Maybe you’ll even make some New Years trading resolutions! The following five steps will assist in making better plans and resolutions; hopefully allowing you to stick to them beyond the 2nd…
For those who missed “The Greatest Trading Book – Ever!” – see here: https://yourtradingcoach.org/ebooks/ Ok… but what comes second? Once again, it’s a book you’ll make yourself. This time, you’ll use a simple notebook rather than folder. And every time you read a trading blog, or newsletter, or book, or whatever, and a comment causes a little light…
The business of trading is a dynamic and ever-evolving process of growth and development. You don’t ever reach the finished state. Instead, you’re always in the process of “becoming” a better trader. Novices make the assumption that when they find the right system, then the job is complete. Nothing is further from the truth! As…
