Written by admin on April 7th, 2009
Transitioning From Part-Time to Full-Time Daytrading: Ensuring Sufficient Income
One of the toughest times of my life – that threatened my own psychological wellbeing as well as the potential safety and security of my family – was in early 2004, when I first made the leap from part-time to full-time trading.
I had the required knowledge. I had the required skills. I was a great [...]
Written by admin on March 24th, 2009
An Unspoken Rational Approach
If you put on a trade and your heart starts pounding, you are *not* ready to trade yet…Some people who aren’t ready to trade have other problems as well:
1. Pulling the trigger to get in
2. Staying with one trading strategy long enough to judge it
3. Letting good trades go bad
Day trading psychology plays a [...]
Continue Reading...Written by admin on January 22nd, 2009
Trading Psychology - Doubt
I want to talk about a common theme that’s in many of the email questions I get through my website.
Many people have bought a trading system, or a couple of books, or attended a seminar, and just not achieved the success they thought they’d get. These people are now trapped in a constant cycle of [...]
Written by admin on January 21st, 2009
Things Not to do and Use When Daytrading
Daytrading is a very difficult endeavor for anyone who’s tried it. Those who go through it day after day will agree that everyday is different and that each day requires maximum attention. The end of each trading day leaves the daytraders exhausted. But not only does it take stamina, endurance, high degree of concentration and [...]
Continue Reading...Written by admin on December 24th, 2008
10 Steps to Professional Day Trading
It takes some time to learn my method of trading because it’s based on tape reading and getting a “feel” for the market. This is *not* about a fast,easy formula to “get rich quick” while you sweat out every trade. Instead, this is about developing confidence and trading consistently without fear and without big draw [...]
Continue Reading...Written by admin on December 22nd, 2008
Fear, Money, and Successful Trading
Money is a natural source of fear. We fear losing too much money, we fear not having enough money, and some of us even fear having too much money and not being worthy or responsible enough with it. Very few of us have a really healthy overall attitude about money. Money issues usually stem from [...]
Continue Reading...Written by admin on December 20th, 2008
Day Trading Basics - Day Trading For Beginner Investors
Day trading is an extremely risky way of investing in the stock market. Day trading is carried out by day traders who rapidly purchase and sell stocks over a single day period in the hope that for the very short period over which they hold the stocks (ranging from just a few seconds to a [...]
Continue Reading...Written by admin on December 16th, 2008
Trading Emotions, Loss, and Financial Recovery
When we make decisions based on which stocks to purchase, to track, or to evaluate, we do it with the understanding that we accept a risk of potential loss. Yet no matter how often we explain to ourselves that loss is part of the process of becoming a better or more experienced trader we don’t [...]
Continue Reading...Written by admin on December 1st, 2008
Options Trading in Extremely Volatile Markets
The recent stock market crisis (2008) not only rocked the financial system and the world economy but also the pockets of countless options traders all over the world. Options traders who used to profit in the years prior to this market crisis broke their bank as none of their options strategies seem to work in [...]
Continue Reading...Written by admin on November 21st, 2008
Choosing The Right Online Brokerage Firm
Currency trading is one of the more interesting investments that a small (personal) investor can make at this point in time; the basic principle, like all trading positions, is to buy low and sell high, and currency trading is all about playing the spread in thousandths of a cent, between the exchange rates at different [...]
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