We left off of part one of the series by discussing the ‘edge’. The edge is basically what works for you consistently and profitably. It is your system, and it’s different for everyone. You don’t necessarily need an indicator to see the trend because a chart is usually enough. A system doesn’t have to be [...]
Trading is not about knowing. Trading is about acting on situations, patterns, and signals that you are familiar with. This all comes from experience, proper training, and something that you and I call intuition. Intuition is required for reading the tape.
Reading the tape is basically studying pure and magnified price action. Long ago, traders used [...]
Thomas Edison was asked how he was able to accomplish so much with his time. He said, “It’s simple. You and I both have eighteen hours a day in which to do as we choose. You spend the eighteen hours doing a number of unrelated things. I spend it doing just one thing, and some [...]
In the 1880s, the psychologist William James developed and began teaching his “As If” principle of life. This might not make any sense to some of you, but it works. For example, if you want to be courageous, try to act courageously. If you want to be a nice guy, start putting a smile on [...]
Scientists have estimated that the average human makes 50 to 60 thousand decisions everyday, whether they realize it or not. This includes conscious as well as subconscious thoughts. That makes decision making one of the most important things you do in life (obviously). Everyday, you decide between happiness and misery, work and fun, success and [...]
The most dangerous enemies of success are those that hide somewhere deep in your own heart and mind. Those who say that the want success and yet hang onto the attitude of failure are deceiving themselves. Almost all failure is generated within a person’s inner self, through their thoughts and attitudes. Looking through some history, [...]
