Survival training for traders

Survival training for traders

Sometimes you’re simply out of step with the market. It could be your strategy just isn’t suited to current conditions (even though you are executing with iron-willed discipline). Or it could be caused by something more personal: you might be a bit off-colour health wise, or you might have other demanding things going on in […]

Why I prefer ‘Price Action’ over Indicators

Why I prefer ‘Price Action’ over Indicators

You might know I’m not a massive fan of technical indicators… (I’m talking about things like Stochastic Indicators, MACD, RSI and all those other exotic sounding tools.) If you’ve been following my stuff for a while you’ve probably noticed I lean more towards pure ‘Price Action’ when it comes to technical analysis. Now I’m not […]

What makes winning traders flee?

What makes winning traders flee?

There’s talk of a looming ‘Great Depression.’ So who can blame people for turning to trading in order to maintain their financial goals? One thing concerns me though. Two things actually… 1) New traders coming to the markets with their unrealistic expectations. You’ve heard me rant on about this one before, I’m sure. So I’m […]

How to beat money ‘mind-bends’

How to beat money ‘mind-bends’

There is much to be said for trading with real money. Even ‘small money.’ It’s a completely different world to demo trading because of the mental aspects of assuming risk. But expose yourself in a SMALL way to begin with. Especially since it’s so easy to trade micro-lots with most brokers these days. Build up […]