Decision fatigue in day trading manifests as a cognitive shortcut that prompts irrational trade-offs in trading decisions. The continuous stream of choices faced by day traders can overwhelm their cognitive abilities, making each subsequent decision more challenging. This article explores the implications of decision fatigue in day trading and provides actionable strategies to help traders navigate this challenge and optimize their trading performance.

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.

Before delving into strategies and market dynamics, a common question among new traders is “How much do I need to get started?” While it is a seemingly simple question, the answer can be quite complex as this is not a “one size fits all” approach. In this article, I’ll break down the various aspects to consider when starting your trading journey.

Have you ever been in a losing trade as it approaches your stop and thought… “Let me just see if price bounces at the next level”? If so, you aren’t alone. This a common phenomenon that all traders experience during their early development stages. So, what is it exactly?

Most newcomers expect quick wealth - A notion that, for successful traders, is comical. Achieving consistent profitability in trading demands an immense amount of screen time, strong problem-solving skills, unwavering discipline, zen-like patience, nerves of steel, ruthless decisiveness, and an indomitable will.

Most brand new traders are initially drawn to day trading by the allure of profits and the lifestyle that can come with it. Yet, the irony lies in fixating too much on these external rewards. Similar to an athlete cracking under pressure, excessive focus on the profits often leads to a myriad of mistakes.

Successful trading is an art that demands more than just intuition; it requires a strategic foundation that stands resilient - Not only through market shifts but a trader’s own emotions as well. At the heart of this foundation lies a singular, indispensable pillar: the use of an easy money trade strategy. This isn't just a guiding principle; it's your linchpin for consistent profitability.

Whether you're a seasoned trader or just stepping into the arena of day trading, a morning checklist can be your guiding light. This guide will walk you through essential elements to consider each morning, from crafting a solid trading plan to maintaining focus and adapting to market dynamics. Embrace these principles on a daily basis, and you'll be better equipped to navigate the trading day.

In this article, we will break down the Wyckoff Cycle into its simplest form: trends and ranges within price action. By understanding these basics and mastering the methodology, you can improve your analysis to identify the path of least resistance for price, and in turn improve your trading and profitability.

The crucial inquiry should address not just the trading account but also the bank account: How much money is needed?

This question transcends the rudimentary aspects of starting trades. Answering it demands a personal reflection that surpasses the mere calculation of funds for a trading account.

New traders frequently struggle with the compulsion to be right. This need is often rooted in ego, and it can plague a developing trader and lengthen the learning curve substantially. The desire to be right is so potent that it drives them to engage in counterproductive trading behaviors as they strive to avoid admitting their mistakes.

If you have been trying to turn an income from trading a “smaller” account… But you just haven’t been able to crack the $10k/month mark, pay very close attention to what you are about to read.

This write-up could be the very thing you were seeking all this time and now you finally have your hands on it, so don’t waste the opportunity.

I can guarantee that if you focus and just follow what I will explain in this doc step-by-step, you’ll be able to replicate what I’m doing and you will make at least $10k/mo by yourself.

To become a successful trader, it's crucial to follow a systematic approach that incorporates various key elements into your trading strategy. This article will break down these essential components and guide you in creating a coherent and profitable trading system.

The fear of missing out (FOMO) is an emotion that often haunts traders, casting a shadow on their progress and overall equity curve. Unrestricted FOMO can cause traders to chase trades, oversize, and revenge trade - All of which do serious damage to trading portfolios. In this article, we present seven concise steps to help you seamlessly transition from the anxiety of FOMO to the joyful state of missing out (JOMO).

0DTE (Zero Days to Expiry) options have gained popularity as a high-risk, high-reward trading instrument in recent years, especially with the advent of daily expirations in SPX. These ultra-short-term options promise quick profits, but as we'll explore in this article, they come with significant dangers that can leave even seasoned day traders with a blown portfolio.

If you have been in the trading world for a few years or longer, you know that consistent improvement is the key to success. To achieve this, traders rely on a powerful, but incredibly simple tool: Trade Review. An important component of this is the Weekly Performance Review. This structured process is designed to evaluate your trading activities, pinpoint strengths, address weaknesses, and pave the way for better decision-making.

By understanding and applying these 15 trading principles, you can enhance your trading skills and increase your chances of becoming a profitable trader, regardless of what instrument you choose to trade.

Anna Coulling's Volume Price Analysis (VPA) is a powerful tool for traders, regardless of what timeframe you like to trade on. With almost a decade of trading experience, this continues to be the only book that I personally recommend to traders of all skill levels. VPA is rooted in solid technical analysis concepts that have been tried and true since the early days of Jesse Livermore. Here are five key lessons from Coulling’s approach that will help you become a better trader.

It appears that 28% of these financial influencers possess genuine skills, consistently generating impressive monthly abnormal returns averaging 2.6%. However, the majority, a staggering 72%, are either unskilled or worse, have negative skill, resulting in monthly abnormal returns as low as -2.3%. This significant skill divide is a crucial aspect that every trader and investor should be aware of.

Trading is a journey of mastery, viewed through the multifaceted prism of three overlapping lenses. These lenses are the Technical Lens, the Performance Lens, and the Self Lens. To achieve true mastery in trading, one must skillfully balance and synchronize these three lenses. Let's delve into each of them.