Results for tag "discipline"

Three Ways to Bust a Trading Slump, Immediately


Having a career as a day trader sounds awesome right? I mean, you basically roll out of bed, throw on some shorts and a tank top, click a few buttons, make your money, then hit the beach with beer in hand … right? Well if you believe that, I’ve got some oceanfront property for sale in beautiful Colorado and it’s got your name on it. The truth is that day trading as a career isn’t always flowers, butterflies and rainbow-crapping unicorns. As a trader you’re subject to the ebbs and flows of the market and sometimes it …


Control


Throughout my trading career I’ve interacted with many traders. I have been a member of several different trading communities where I could watch some new traders blossom and others blow up their accounts. I have worked personally, on a daily basis, with many different brand new traders as well as some vastly experienced ones to both tweak my own style as well as to try to help newer traders tweak theirs. Ultimately, some of these traders have stuck it out and become profitable, some are still working on it, and some have decided that trading is not for them …


My Own Worst Enemy


A lot of people come to me for trading advice and I do the same to countless others. I’ve spoken with and learned from a huge range of traders, educators, and long term investors. Whenever someone comes to me looking for help, I always find myself recounting a short anecdote about something my trading mentor once said to me when I was struggling to learn how to day trade. This was years ago now, but despite the terrible grammar and seemingly angsty, juvenile delivery, the words he spoke still stick with me to this day and I found them …


The Greatest Trade I've Ever Made


I’ve traded for quite some time now.

I just passed the two year mark trading full time, the five year mark since I started day trading heavily in 2011, and the 13 year mark since I opened my first trading account with Scottrade at age 18. I’ve said many times on this blog that I’ve had ups and downs over that time period. I’ve wanted to quit multiple times and have gone through drawdowns I thought I would never get out of. I struggled for years to build a system that worked and even when I …


Crunchy Leaves


Have you ever been walking down a sidewalk or a street on a crisp fall day and seen a really crunchy looking leaf lying on the ground?

Admit it, you wanna step on that leaf!

We all do it. It’s like some weird addiction. When you see a crunchy looking leaf, a pinecone, a collection of branches, you have to step on it. We live for the crunch! It’s so satisfying! It’s kinda like scraping the bottom of your ice cream bowl to make sure you got all the chocolate-syrup-melted-ice-cream-mixture out of it, or sopping up the …