“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…
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…
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…
I posted the following image on social media on Tuesday, showing a nice example of a false breakout and reversal from a period of volatility contraction. The important point though… and the one which offers the most value to you… is not the image itself but rather the text that was posted alongside the…
Monday provided a beautiful example in the NQ daily chart of an overextended market pausing with a narrow-range inside day. Volatility contraction! A place of opportunity for those who’ve seen it before and who’ll be ready to react. And a place of learning for those who are new to this game. So I sent out…
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…
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…
Here’s something for the short timeframe swing traders and scalpers to try, in an attempt to improve your ability to sustain your focus and attention and to ensure that you do not miss critical information at the most important times within your trading routine. Consider where your attention needs to be during key time segments…
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…
Let me share a recent email from a YTC reader that I absolutely loved. I just would like to share with you this chart…it is amazing how the upper part is almost a perfect mirror image of the lower part… (it is Wyckoffian with 123 patterns both at Accumulation and Distribution)…offering among others 2 great…
