“Good is the enemy of great.” …Jim Collins I am guilty of allowing my trading development to stagnate. Generally happy with my level of performance, I have seen little new progress over the last year. To some degree, the 3-4 hours per day answering YTC emails and writing a new blog post or newsletter article…
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…
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…
Feedback from a recent article has been so incredibly positive, with a number of emails coming through saying that this was EXACTLY what these people needed to hear right now. It seems one of the most popular articles of the last 12 months. Check it out here if you missed it – Are You Closer To…
Last week we added some structure to our growth and development as a trader, exploring how we could use our review process to drive our progress along the development pathway. Check it out here if you missed it – https://yourtradingcoach.org/trading-business/its-time-to-fight-to-get-to-the-next-level/ The summary version of the plan was as follows: (1) Find where you currently reside…
Here’s a great question I received via private message on Social Media during the week, which I think is relevant to all of us. I’ll make an assumption here that the intent is to talk about how to fit trading into “life”. That is, how to find sufficient time for not only trading, but all the admin…
One of the things I love about what I do here at YTC is the opportunity to chat with other traders, at all stages of their development. My email archive provides an absolute treasure-trove of information and ideas spanning all areas of this business from strategy to peak performance to business management. I was reminded…
An amateur and a professional trader can look at the same price charts and see completely different things. The difference is not as simple as the professional having a better strategy, but rather that they have superior mental models and belief systems. They see the market in ways that the new trader cannot yet comprehend….
In a previous article we discussed the various levels you need to pass through on the way to achieving your long-term trading goals: See here if you wish to explore this path in greater detail – https://yourtradingcoach.org/trading-business/its-time-to-fight-to-get-to-the-next-level/ And we also discussed the process required to drive your development through each of these levels: This has…
Day Traders If you’re not currently profitable, or achieving the level of success you wish to achieve… Is your current situation something like this? WRONG! WRONG! WRONG! I know there is a LOT to be learnt through live trading. But it’s the review process which drives growth and development. You’ll see things during a…
