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.
Why You Can't Sell That Losing Trade
The Trader's Progression: From Survival to Thriving
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.
Prioritizing Process Over Profits for Long-Term Trading Success
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.
What Is the Easiest Money Trading Strategy?
When it comes to trading, simplicity often proves to be the key to long-term consistent profitability for the retail trader. Traders, both seasoned and novice, are constantly seeking to not only simplify, but align themselves with the easiest money trading strategy. In this article, I shed light on a unique strategy known as The Two Hour Trader.
Creating an Easy Money Trading Strategy
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.
A Pragmatic Morning Trading Checklist for Success
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.
Trading Mindset: Action Oriented to Win
Trading for a living (or even for side income) is no walk in the park—it's a formidable challenge where the odds are stacked against you. Success isn't guaranteed, and the journey is filled with obstacles. However, succumbing to hopelessness is not an option if you aspire to become a winning trader.
Wyckoff Method: Discover How the Market is Moving
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.
How Much Do You Need To Start Trading?
Overcoming the Need to Be Right in Trading
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.
How I Made $23,387 in 8 Days With Just A $2k Account
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.
How to Build a Trading System - The Essential Guide
The Noisy Reality of Unusual Options Activity
UOA revolves around the trading of option contracts at volumes significantly higher than their daily averages. The allure of UOA lies in its potential to uncover market insights and potentially ride the coattails of informed traders -It is data that we tracked and traded with for a number of years in the Trader’s Thinktank. However, as we'll explore, this approach has lost some of its luster.
The Power of Emotions in Trading: Understanding Regret and Risk
How To Reduce FOMO as A Trader
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).
The Perils of 0DTE Options Trading: Why Day Traders Should Think Twice
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.
Elevate Your Trading with a Weekly Performance Review
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.
15 Essential Trading Tips to Become Profitable
Volume Price Analysis - 5 Lessons From Anna Coulling
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.