Tackling the question using the inversion method Berkshire Hathaway vice chairman, Charlie Munger, when asked about how he coped with missing out on opportunities like Amazon and Google, famously explained that losing and missing is a part of trading and what really matters is – at the end of the day, you’ve won more than […]
How to overcome doubt and fear in order to reach your maximum potential Fear can be crippling. Despite everything being in order and prepared, a well-placed strike of fear can potentially ruin it all. We can drill, prepare, practice, and think we’re ready. But when the moment comes to pull the trigger on our action, […]
Applying the tennis legend’s tips for the court to success in the financial market Occasionally it’s a good idea to step back from your environment and look at different arenas which might have parallel, applicable lessons. It’s helpful to see similarities in those other worlds in order to make your understanding of what needs to […]
The Fear of Missing out a trade, or as known as FOMO, is one among other emotional states in trading that are put on the test over and over again. Before we dive into the fear of missing out, for the purposes of this article, let’s tweak the dictionary definition just a bit. Add “the […]
Taking the guesswork off Forex trading Every time I find myself in casual company, introducing myself and telling people what I do for work, I’m usually met with the same response: “Oh, you’re a gambler, right?” I can’t count how many times I’ve heard this from new friends or acquaintances and it got me thinking […]
Part 1 in our series detailing market tricks and deceits Traders and nontraders alike all know that the market is a hard puzzle to solve. It’s a tricky enigma because it never goes in a simplistic up and down pattern. Though when you step back and take a big picture view, you will see prices […]
Minding the Gap If you’ve only recently joined the ranks of live traders, the term slippage might sound foreign. For beginner traders who are only used to demo trading or theoretical trading from their studies, slippage is a nonexistent phenomenon. This is because education only deals with theory and prices in a lab environment. In […]
The best advice to mentally prepare a trader for success in the market is a simple premise, but one that is in conflict with our natural state and therefore exceedingly difficult to achieve. To conquer the psychological roadblocks, we as traders need to transcend them and free ourselves from their push and pull. The nirvana […]
There is no such thing as a perfect strategy. Full stop. Repeat that to yourself over and over again until it’s burned in your brain. Whatever gurus or educational programs offer or promise, never forget that big truth – there is no perfect trading strategy. The perfect trading strategy doesn’t exist because everything that occurs […]
Imagine an equilateral triangle. Three equal sides, existing as a whole together. Occasionally, one might pull at the other two. One side might grow while the other two shrink. The triangle might morph in to an acute or an obtuse triangle before settling back in as an equilateral. If you can picture this, you’ve essentially […]
