Trading and Patience: The Conveyor Belt Analogy
For a trader, patience is not just a tool and a necessity. To illustrate this, let’s consider the analogy of a factory worker stationed at a conveyor belt. This worker’s task is simple: lift the boxes off the conveyor belt as they arrive. At all other times, any action is not only unnecessary but also…
Visualizing Success and Failure: A Motivational Exercise
Visualizing Success and Failure: A Motivational Exercise Harnessing the Power of Visualization for Trading Success This exercise utilizes the power of visualization to enhance your trading performance by focusing on both positive and negative trading experiences. By vividly recalling past successes and failures, you can reinforce desired behaviors and prevent repeating costly mistakes. Success and…
Maximize Trading Gains: Strategies for Upcoming Elections
Election Outcomes: Strategies Thoughts As the election approaches, the financial markets pulse with anticipation, creating opportunities for traders to capitalize on potential outcomes. Here’s how you might position your bets for maximum gain with minimal risk: Strategic Considerations: Always remember, betting on elections involves not just the outcome but the journey. Legal challenges, delayed results,…
Debriefing Fri 23rd August 2024 Jackson Hole
A look at the pre market Profiles What did Powell say? AI Generated In his speech at Jackson Hole yesterday, Federal Reserve Chair Jerome Powell highlighted several key points: Overall, Powell’s speech conveyed optimism about the Fed’s progress in controlling inflation and hinted at potential rate cuts in the near future. Profile finished balanced in…
Trading is Gambling and When to Stop
Trading, at its inception, may seem like a harmless engagement—a pursuit of financial growth and personal challenge. However, beneath the surface, for some, lies a lurking danger: the potential for addiction. This addiction is not merely a metaphorical reference but a tangible, psychological, and physiological reality. The market’s volatility can often mirror the highs and…
Writing a Trading Plan Like a Pro
A Trading Plan is a comprehensive document that outlines a trader’s objectives, strategies, and expectations. It serves as a roadmap for traders, guiding their decisions and actions in the market. Elite traders are aware of their edge in the market before they even place a trade. This edge is well-defined and repeatable, forming the basis…
Debriefing Fri rd Feb 2023 NFP
Quote Of the Day “A man cannot be convinced against his own convictions, but he can be talked into a state of uncertainty and indecision, which is even worse, for that means that he cannot trade with confidence and comfort.”― Jesse Livermore, Trade Well And Prosper. BT
Weeks Review| Prep W/C 6th Feb 2023
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Weeks Review| Prep W/C 3Oth Jan 2023
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Weeks Review| Prep W/C 23rd Jan 2023
5-Year Weekly, Monthly Yearly Returns and What happened last year? All images can be found on my Twitter feed in high resolution. Please let me know if you have issues much appreciated.