As traders, we are all used to hearing and using the words: bull, bear, bullish and bearish when referring to the markets. But have you ever wondered why we use these words and when it first started?
The difference between just learning a skill and becoming a master at it is the process of deliberate practice. We need to be breaking down the skill of trading into its individual parts and working to improve each of those in a deep, systematic manner.
Risk management is an area of trading that is often overlooked by many new traders, this is especially true when it comes to position sizing. We receive many emails from traders complaining about their trading performance, which allows us to find the root cause of many problems. One of the main causes is the lack of risk management.
Traders contact me all the time to ask questions and address issues they’ve been having with their trading. In order to help these people, the first thing I need to do is figure out the root cause of the problems. A lot of new traders are so focused on earning a profit in every trade right at the beginning, that they lose focus on what they should be doing to become a better trader.
This article is going to give you an overview of some steps you can go through to take a more realistic approach with your trading and your money.We need to go through the process of looking at your current financial situation, how you want it to be in the future and how you’re going to get there.
If there’s one thing that social media has helped to make painfully obvious, it’s just how biased people’s opinions can be. Some biases that impact our trading are blind spot bias, the law of the instrument and motivated reasoning.
The Efficient Market Hypothesis (EMH) has been one of the most impactful theories in economics and finance. The first problem with EMH is that any tests have provided mixed results. There is no conclusive evidence that the markets are efficient one way or another.
Having strong self-discipline is an essential part of being a successful trader. In this article, we outline 5 tips you can use straight away.
We outline some of the key points that have been discovered about how meditation affects your mind and how this may improve your trading.
Find out why your trading performance can be heavily affected by the stories you are told and your past experiences.