Zen, And The Art of Trading
Zen & The Art of Trading Living Zen is not a religion. It’s not mystical. It’s not that mysterious. The mystery of Zen is a veil, it’s part of the… Read more Zen, And The Art of Trading →
Do You Want to Make Money From Trading?
…Or Do You Want To Have Fun? Because you can’t have both. Many traders spend most of their time throwing money at the markets without a long-term plan or strategy… Read more Do You Want to Make Money From Trading? →
A-Book vs. B-Book Brokers
How Do Brokers Make Money From You? Recently I was interviewed by a forex broker about my knowledge of the TradingView platform. But it wasn’t just any broker. It was… Read more A-Book vs. B-Book Brokers →
My First Six-Figure Trade… & Thoughts On Technical Analysis
Peter Brandt’s Thoughts on Technical Analysis I’ve recently been re-reading my copy of Peter Brandt’s Diary of a Professional Commodity Trader. If you haven’t read this book, you need to… Read more My First Six-Figure Trade… & Thoughts On Technical Analysis →
Understanding Elite Performance
Who Is James King? I recently listened to the latest episode #214 of Chat With Traders where Aaron Fifield interviewed James King – and the episode was filled, as usual,… Read more Understanding Elite Performance →
The Obstacle Is The Way
The Obstacle Is The Way As I write this, my city has gone into yet another lockdown. No one is allowed outside for anything other than essential purposes. Most people… Read more The Obstacle Is The Way →
12 Trading Psychology Lessons From “Art of War”
What Is Sun Tzu’s The Art of War? The Art of War is a literary and philosophical classic for good reason. It contains many gems of wisdom for all walks… Read more 12 Trading Psychology Lessons From “Art of War” →
Why Traders Fail: The Pareto Principle
Why Do Traders Really Fail? Depending on your goals and motivations, trading is one of the most incredibly difficult endeavors you will ever undertake. If your goal is to have… Read more Why Traders Fail: The Pareto Principle →
May 2019 Review
Forex Trading Review – Week 22 This month was a big leap forward for my trading and my equity curve. I beat my all-time record of +15.61% by +0.21%. As… Read more May 2019 Review →
21 Lessons From Jesse Livermore: From Dirt to Riches to Suicide
Who Was Jesse Livermore? Jesse Lauriston Livermore is one of my favorite trader case studies. His biography was loosely fictionalized in the famous 1923 book Reminiscences of a Stock Operator… Read more 21 Lessons From Jesse Livermore: From Dirt to Riches to Suicide →
Weekly Review #21
Forex Trading Journal – Week 21 This week was a great leap forward for my equity curve. Four trades, four winners. I’m happy with my strategy’s performance so far this… Read more Weekly Review #21 →
Forex Trading Tip #3: It’s OK To Do Nothing
It’s OK To Do Nothing! I’ve mentioned many times on this blog how trading is one of the most counter-intuitive professions you will ever undertake. Often times what is right… Read more Forex Trading Tip #3: It’s OK To Do Nothing →
Weekly Review #16
Forex Trading Review – Week 16 Another fairly quiet week. This will be a short weekly review. Only 4 trades: 2 break-even, 1 loss, no winners and one still playing… Read more Weekly Review #16 →
Weekly Review #15
Forex Trading Review – Week 15 This week was pretty quiet. I only ended up taking 3 trades. 1 Lost, 1 Won, 1 Broke even. I had a few commitments… Read more Weekly Review #15 →
What Is A Good Win Percentage? The Math of Winning
What Should Your Win Rate Be? Most forex traders (and traders in general) think that their win percentage is the most important statistic of their trading. The relieving truth is… Read more What Is A Good Win Percentage? The Math of Winning →
Weekly Review #14
Forex Trading Review – Week 14 Another frustrating week, but nothing to be too concerned about. I am still in a fairly decent drawdown (6%) but I didn’t make it… Read more Weekly Review #14 →
How To Find A Trading Mentor
Find A Mentor – Not Just An Educator Learning is a two-way street. It requires feedback. And as retail traders the only feedback we typically get is from the markets… Read more How To Find A Trading Mentor →
March 2019 Review
Forex Trading Review – Week 13 The markets can be… humbling. This week started off with three flying kicks to the face. I lost three trades in a row, all… Read more March 2019 Review →
5 Reasons Why You Should Backtest
What Is Backtesting? Backtesting is the most under-utilized secret weapon in trading. It is the process of poring over historical price data and testing your strategy over hundreds or thousands… Read more 5 Reasons Why You Should Backtest →
Weekly Review #12
Forex Trading Review – Week 12 This week was frustrating. The market really tested my resolve. I took a bunch of losses in a row, but worst of all, I… Read more Weekly Review #12 →
Weekly Review #11
Forex Trading Review – Week 11 This week was pretty average. There’s not much to be excited about, but not much to be disappointed about either. Weeks like this are… Read more Weekly Review #11 →
10 Untold Truths About Trading
1. It’s Not Easy Perhaps the most enlightening realization I’ve had about trading is that it is a journey. Like music, painting, writing, athletics and every other form of human… Read more 10 Untold Truths About Trading →
Weekly Review #10
Forex Trading Review – Week 10 This week turned out much better than my past few weeks. I have finally broken clear of my 9% drawdown for the year and… Read more Weekly Review #10 →
Forex Trading Tip #2: Turn Off Your P&L!
Turn Off Your Profit & Loss Trading is one of the most psychologically stressful endeavors you can undertake. It is a tumble-dryer of emotional stimulus that can drive you crazy… Read more Forex Trading Tip #2: Turn Off Your P&L! →
February 2019 Review
Forex Trading Review – Week 9 I have decided to publicly post my trading journal on this blog. I trade alone at home, and although I have a mentor and… Read more February 2019 Review →
Forex Trading Tip #1: Wait For The Close
Impulse Control One of the biggest operational hazards for traders, especially new traders, is impulsive decisions. If you are a human trader and not an algo, which I assume you… Read more Forex Trading Tip #1: Wait For The Close →
The Mystery of Technical Analysis
Introduction Many new traders (and non-traders), and even professional fundamental traders, have the wrong idea of what role technical analysis plays in trading. They believe it is some kind of… Read more The Mystery of Technical Analysis →
The Importance of Consistency
Four Pillars of Trading Once a trader has discovered a profitable approach to trading that suits their personality, their journey does not end there. In fact, that is where the… Read more The Importance of Consistency →
AUD Flash Crash: A Trading Case Study
What Caused the AUD/JPY Flash Crash? AUD flash-crashed against all of its pairs on Thursday morning, January 3rd 2019. AUD/JPY was the major pair that was hit the hardest, reaching… Read more AUD Flash Crash: A Trading Case Study →
The Importance of Discipline
Self-Control & Trading The market is ruthless and unforgiving. It punishes even the best traders for making even the smallest mistakes. The only redeeming aspect of this side to the… Read more The Importance of Discipline →