While a healthy fear of the markets leads to proper risk management and discipline, excessive fear of losing money impairs our decision-making process and leads to trading…… Read more “You have to be ok with losing it all, if you want to win at all”
Tag: focus
Down to 2 trades.
A couple of weeks ago I posted about my intentions to finish the first year of “small-time” trading in the black and that I wouldn’t let the current…… Read more “Down to 2 trades.”
Tough day
Today was probably the toughest day since starting this experiment. Everything that was great for the whole week, namely, gold, palladium, oil, and natural gas, reversed on…… Read more “Tough day”
Good sign you need to take a walk and stop #overtrading
Here is a good sign I need to go for a walk and move away from the screen: Waaaay too many trades!!! My sources of overtrading are…… Read more “Good sign you need to take a walk and stop #overtrading”
A trader’s Saturday
What does a trader do on Saturday? Rest. Try to take a mental break and get ready for Sunday. Saturday is my sabbath. It’s my day of…… Read more “A trader’s Saturday”
You don’t have to catch every trend
Equity Update = $18,609 | +86% from inception. It’s hard sight to see that commodity take off and you not participating in the move. A…… Read more “You don’t have to catch every trend”
The flow and the hot-hand fallacy
When I played basketball we often made end-of-game decisions based on who had the “hot hand.” Meaning, we would give the ball for the final shot to…… Read more “The flow and the hot-hand fallacy”
Equity update – 12/7/2017
You may have noticed a slowdown in posts. Second only to setting up a proper trading system, managing emotions is the most important aspect of discretionary trading.…… Read more “Equity update – 12/7/2017”
