Category: Trading Guidelines

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…

By The Balanced Trader January 4, 2025 0

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…

By The Balanced Trader June 11, 2024 Off

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…

By The Balanced Trader April 26, 2024 Off

Gaps and How to Trade Them

Gaps  Two types of Gaps: IR : Inside range but a gap to the prior settlement. These gaps tends to be filled more often than OR. OR: Out of range these are more significant. “Gaps are important, and they announce that something has changed, or potential change.”– Jim Legend Dalton.   An open gap out of range(above…

By The Balanced Trader June 19, 2022 0

How To Trade VWAP

VWAP, how and when to trade it Here is a preview of some material I have started putting together. I rushed to publish it because it’s such an important tool. I will come back to this vital tool and run through some good examples in real-time. Today was such a day 6th June 2022 around…

By The Balanced Trader June 6, 2022 0

Market Profile Opening Types

Market Profile opening types and why they matter The RTH session starts each day with an official open, during which a significant number of orders are completed in a short amount of time. The opening swing and price movement provide crucial information. The location of the open is crucial, as it influences the type of…

By The Balanced Trader June 5, 2022 0