The Journey Of A New Trader: Trading Is A Game Of Patience
Trading is a game for people who are able to be patient as they are the only ones who have the self-control to not take a trade when they feel they want money but rather to wait until they see a set up in the market with confirmation of a particular direction. Waiting for the […]
The Journey Of A New Trader: Managing Your Mindset
Managing Your Mindset In The Face Of Losing Trades. As I sit in front of the market I sometimes get worried about making a dumb choice due to my lack of understanding of the strategies I am using. When I had to come face to face with losing trades and accepting those stops, my mistake […]
The Journey Of A New Trader: First Two Months Of Trading
My name is Dylan Peacock and I have only been trading for 2 months. In the first week I was very unsure of my decision to start just because of how long the learning process would take. I had no idea how to trade, how to manage my money, emotions or even what to expect […]
The Journey Of A New Trader: Staying Calm
It is incredibly important to stay calm when you are watching the markets. If your thoughts are arguing with each other and you have multiple reasons to enter as well as multiple reasons not to enter you need to come to a decision. Whenever I am in front of the charts and I feel like […]
The Journey Of A New Trader: Money Management
Trading is known to be the one area where you can lose your entire life’s earnings in a single day. There are however many techniques and ways to prevent yourself from losing money unnecessarily. The first one would be to trade according to trend. Buying lows and selling highs according to the current trend is […]
The Journey Of A New Trader: Clashing Thoughts
When you are trading there will always be multiple feelings and thoughts going through your mind. Some will interfere with your trading and others will compliment your trading. I will share with you some thoughts that I have experienced and how you can control them so they are not detrimental to your trading. In […]
The Journey Of A New Trader: Back Testing
Trading is a career heavily involved with and influenced by money. As people and traders, we are always trying to find ways to make money and stay profitable, but not many people understand that it is more important to manage your losses than it is to count your winners. A profitable trader is not someone […]
The Journey Of A New Trader: Managing The Stops
When you are trading it is important to have an exit strategy as part of your trading strategy. Many people allow their stops to run in hopes making a profit instead of exiting on a small loss and trying to enter in a possible opposite directional market. Rather exit on a small loss and look […]