Simple Trading Mistakes: They Happen To The Best of Us…

The Value of Simple Day Trading Mistakes I make day trading mistakes on a daily basis.  But they never bother me, because I also make sure to minimize any losses associated with those mistakes.  When mistakes involve me leaving money on the table (as below), I worry even less because that just means there’s room for improvement. […]

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Simple Trading Rule #5: Become A Loser

“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. Twenty-six times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” — Michael Jordan Losing gets a bad rap. If you’re like […]

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Simple Trading Rule #3: You Will Be What You Repeatedly Do

“We are what we repeatedly do.  Excellence then is not an act, but a habit.” — Aristotle Over the years, we’ve spent quite a bit of time working with trading experts.  Early on we worked with them as the student/mentee.  More recently we have worked with a select few to develop training courses and other […]

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Simple Trading Rules – Develop Your Emotional Capitalᵀᴹ

The most important component of your trader toolkit is Emotional Capitalᵀᴹ or EC for short.  That’s all the psychological “mumbo jumbo” that most traders ignore.  Patience, discipline, determination, focus, and belief are some of the components of this tool.   Ignore them at your peril. A parable to drive the point home.   Fred was […]

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