What Happens When You Try Too Hard to Make Money?

What Happens When You Try Too Hard to Make Money?

In the trading world, it's called “pressing”, forcing a trade to make more money. Pressing (trying too hard) can hide itself in many ways…position size too large, not adhering to your trade plan, etc. Pressing is totally the opposite mindset of trading...
Have a Plan – Trade Your Plan

Have a Plan – Trade Your Plan

The phrase “Have a Plan; Trade Your Plan” has been used over and over again, and applies to many different business applications. I am a firm believer in having a plan, whether it is a one month plan, one year plan, or a 10 year plan, to achieve your goals...
Accepting Losses

Accepting Losses

If you haven't learned how to accept a loss in trading, perhaps you shouldn't be trading at all. Losing trades are all part of the process and should a component of every trader's mental awareness. What is just as important, or more important, is recognizing this...