9. Learn how to backtest your trading system effectively Backtesting means extensive testing of all aspects of a trading system over a long period of time. Day Traders – Go back over 100,000 price periods on your chosen timeframe. For a 1 minute chart, this equates to about 69 days, just over three months.
Adopt habits from successful traders – Parts 9&10 Read More »
Which Personality types am I attracted to? Which type am I going to be least attracted to?
Which Personality types am I attracted to? Which type do I like? Read More »
We are already on to component number eight to successful trading. Successful traders Part 8 – Keep accurate and detailed records of your trades. This is the eighth habit of highly successful traders. We are going to keep it simple today. My message today (meant with the best possible intention), is: “Keep paper/digital records of
Successful traders Part 8 – Keep accurate and detailed records of your trades Read More »
Most people would agree that 1979 was the year that NLP (Neuro-Linguistic Programming) as we know it today was first introduced to the world. It came with the publication of the book “Frogs into Princes – Introduction to Neurolinguistic Programming” which was written by Bander/Grinder. This book outlined a rough framework for NLP and gave
NLP (Neuro-Linguistic Programming) – validated by neuroscience – NLP updated in 2019 Read More »
Learn how the Institutions trade to beat them at their game – BIG BANKS, HEDGE FUNDS and your broker! This is part 7 of our series – The 10 Essential Components to Successful Trading. Institutions mostly take a longer term trading perspective than individuals. They pay attention to fundamental news, company finances, profit and loss equations
Learn how the Institutions trade (BIG BANKS) – beat them at their game Read More »
The key to understanding price charts is to think in terms of buyers and sellers. Let’s begin to understand what VALUE is in the context of trading – read the bigger picture in order to measure buying and selling pressure When is a good time to buy anything? When the price is low, right? When
Learn to accept losses as a cost of doing business – this is the way to manage your emotions in trading. Traders tend to get stuck in the short-term. Short-term wins giving them elation and short-term losses leaving them fearful and in despair. One of the keys to managing emotions in trading is to keep
Successful traders (Part 5) – Learn to accept losses as a cost of doing business Read More »
One of the hidden challenges in trading is that in order to trade profitably you must be able to find trades where you can sensibly manage your risk (potential losses). This may seem like a dull subject to you but if you don’t manage your risk properly then you will never be profitable in the
Use NLP in your Coaching Practice. I would whole-heartedly recommend it. You will find that it delivers outstanding results! All coaches use NLP. The best coaches use NLP deliberately in their coaching pracice. NLP is a study of how we humans use our brains to communicate internally and also with others. It concerns how we
Use NLP in your Coaching Practice (for the very best reasons) Read More »
Understand the difference between trending and ranging markets – 10 Habits of Highly Successful Traders (Part 3) Take a look at the chart above. Is the market in a trend or a trading range? It is an uptrend, isn’t it? How do we know that it is an uptrend? The market is making higher highs and higher
Understand the difference between trending and ranging markets Read More »
“Outstanding” – 75% Discount & FREE Mindfulness Course with our