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…
Are you creating and using your market structure journal yet? If not, why not? (If you’re not aware of what that is, why not? It’s on my ebook page. See “The Greatest Trading Book – Ever!” at https://yourtradingcoach.org/ebooks/) It doesn’t matter which market or timeframe you use. Market structure concepts apply to all markets and timeframes….
Successful traders do a lot of work away from the charts. Over the last five years I’ve been asking you to join their ranks. I’ve asked you to create and use a Market Structure Journal – https://yourtradingcoach.org/products/ebooks/the-greatest-trading-book-ever.pdf For YTC Price Action Trader readers, I’ve expanded that to include a Motivation Journal, a Lessons Learnt Journal and…
Last Sunday I shared the following image on YTC Facebook and Twitter. It’s such a beautiful example of the benefits of journaling, I just had to expand upon this in a newsletter article. Here’s the thing… Ok, I know! The markets don’t always back up the very next day with a repeat of key price sequences. The real…
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…
The following is some reader Q&A following publication of  Advanced Candestick Analysis (Part 1 of 2). Question: Hi Lance Great article and of high value, I am impressed man. Only one thing if I have problem from time to time with is: BIAS. My trading suffers whenever I form any BIAS whether its for gap…
“The words we attach to our experience become our experience.†… Anthony Robbins The following are extracts taken from email Q&A with traders (taken at random from my email archives). I love trading and keep on working hard, striving to become a better trader each day. I am constantly working on my weaknesses but they…
Several months ago I presented an article titled “How to Make a Strategy Your Own” which discussed the need to take your learning and development through a graduated process from post-session learning to simulation to live environment (minimum size) and then a gradual increase in risk. I presented an email and charts from a YTC Price…
I’ve been writing online for over a decade now. And for that whole time I’ve been promoting the idea of daily study in both Market Structure and Price Action. It’s a simple task that takes no more than five minutes, but which offers incredible value to your own learning and development. Sometimes this study fits…
Week 2 of 4 while I’m away from home… From the original post: I’ve been writing online for over a decade now. And for that whole time I’ve been promoting the idea of daily study in both Market Structure and Price Action. It’s a simple task that takes no more than five minutes, but which…
