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…
Reviewing Old Charts (AKA… “I can’t believe I held the trade past that stop loss”) I highly recommend keeping ALL your old trading charts and journal notes. They’re great to review each now and then. Not only do they offer educational value but they also offer a source of motivation in allowing you to see the…
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…
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…
This chart is from Thursday 19th March 2020. A couple of quick trades and then STOPPED. Done for the day. Why stop? Because today was a Hit & Run day! Trading is a performance activity. And it’s our job to manage ourselves in an attempt to get as close to peak performance as possible. Good…
Fatigue management is a favorite topic of mine, due to my interest in aviation and in particular aviation safety. In military aviation, in both a training and operational environment, fatigue management is recognized as an essential function of command, in order to minimize risk and enhance operational effectiveness. The same applies to the management of…
From time to time I like to share some of the reader Q&A, as it often contains lessons or information that is important for all of us who aspire to master this trading game. The following is a great question from one of the YourTradingCoach newsletter readers, Rory: Question: I have to thank you…
7 Steps to Surviving a Trading Slump “How you think when you lose determines how long it will be until you win.†… Gilbert Keith Chesterton, 1874-1936 As if learning to trade wasn’t already hard enough… If you’ve been in this game more than a few months you would quite likely have experienced…
A common assumption is that a trader needs to be operating with a calm mind and relaxed body in order to trade with maximum focus and ensure peak performance. Generally, I agree with this idea. Relaxation and positive affirmations have been some of the main tools I’ve recommended when asked for assistance with mindset and…
How Can I Get More Discipline? Here is an excerpt from an email I recently received: EMAIL (Excerpt): … one of my biggest hurdles is still discipline. I’m beginning to think I might need some help in this area. Do you know of anyone who has successfully helped people with their discipline? RESPONSE: Poor discipline…
