When you’re ready to throw in the towel; what should you do?

When you’re ready to throw in the towel; what should you do?

Have you ever had the feeling that you're just ready to hang up your trading hat and quit?  It's happened to many traders at times, both novice and experienced.  You are progressing along nicely with your trading plan, then you enter a time period where several losses...
Successful Trading; Two Key Elements to Help you Reach your Goals

Successful Trading; Two Key Elements to Help you Reach your Goals

There are two words often used to describe a successful trader; consistency and self-control. A successful trader makes consistent profits. What exactly are the components of a successful trader? Using the equity curve as a measure of success, often those less...
How to Master Procrastination in Your Trading Decisions Quickly

How to Master Procrastination in Your Trading Decisions Quickly

Do you procrastinate when making a decision to enter a trade? Do you get frustrated when you have made a decision, and the choice you made looks as though it may turn against your positon? When you exit a trade, do you beat yourself up because you could have made more...
Do You Have A Winning Image?

Do You Have A Winning Image?

“What makes trading so fascinating and, at the same time, difficult to learn is that you really don't need lots of skills; you just need a winning attitude.” Mark Douglas Winners are aware of an inner state which wants to expand. This inner state has an...
Why is Discipline Important to a Trader?

Why is Discipline Important to a Trader?

What is discipline? Discipline can be defined as an activity, exercise, or regimen that develops or improves a skill. Discipline is a form of training. I am sure I am not the only trader that has found it challenging to keep discipline at the forefront of my mind at...