Interestingly, despite having learned various skills throughout their lives, novice traders often fall into the trap of impulsive trading. They neglect careful planning and fail to adhere to a well-defined trading plan, which is a crucial component for long-term profitability and success in the markets.
How to Game Plan for a Trading Session
If you’re a trader of any experience level, having a game plan is your secret weapon. Whether you're a seasoned trader or just starting your journey, a well-defined trading session game plan is the key to success. This simple system is what I personally use on a daily basis, and what we talk about in real-time during our Premarket Prep Livestreams in the Trader’s Thinktank - It will keep you prepared for every trading day.
Chasing Trades - 4 of the Reasons We Do it, and How to Stop
Chasing trades is a pitfall that many traders fall into, often with detrimental consequences for their portfolios. In this article, we will explore the three primary reasons traders chase trades - FOMO (Fear of Missing Out), the belief that any trade can turn into a winner, and the disregard for a well-thought-out trading plan. More importantly, we will provide actionable strategies to help traders break free from this destructive cycle.
The Best Option Alert Service - And How To Get The Most From It
Creating a Trade Plan - A Simple Framework For New Traders
When it comes to trading, a solid trade plan is often the difference between success and failure. Surprisingly, many traders overlook the importance of comprehensive planning, simply because they are unsure of what elements a trading plan should include. In this article, we will provide you with a step-by-step guide to developing an effective trade plan that covers all the essential aspects.
Creating an Intra-Day Trade Idea - An 8 Step Process
Most developing traders struggle with approaching the markets effectively. Without a well-defined plan, they enter each day uncertain and prone to impulsive decisions. However, by following a structured approach, traders can significantly improve their chances of success. In this article, we present an 8-step process that provides a comprehensive framework for creating profitable intra-day trade ideas.
