January 16, 2015

Lessons from What I Learned Losing a Million Dollars

Black Friday Several Friday’s ago I had the type of session that could have ended very badly for me. I started the session with a good trade but then missed an easy opportunity which would have allowed me to meet my trading goals for the day.  I call it missing the “one and done” trade.  Truth be told, everything after that feels like a blur.  The mental switch was flipped and I then proceeded to act like the proverbial bull in a china shop and chasing the market to try to make something happen.  By the end of my trading session I was […]
October 7, 2014

Is your trading a business or hobby? Hint: Businesses have shareholders

July 18, 2014

The Trade Journal – Your Trading Edge

How are you determining what are your best and most profitable setups? Do you know the average profitability and probability of profitability of each of your setups? Do you know your trade setups compare by the day of the week?  Or better yet by the time of day? How do you know when it’s time to add size to your trades? How do you know if a setup is losing it’s edge?  And how do you distinguish whether it’s because of the market conditions or because of your personal execution? Ahhh Journaling – the dull red headed step child of trading. […]