Concentration Is Everything!
This video contains a great lesson about the importance of concentration when trading. As you’ll see, I accidentally gave a live demonstration of what happens when your mind isn’t totally focussed on the trade in hand! Such a mishap was bound to happen, and is the reason I only trade small size when videoing my trades. Day trading doesn’t take up much time in a day, but during those couple of hours we are in front of our charts, staying focussed is of paramount importance. ...
Read MoreTrading or Beer?
Here’s the dilemma: You’re sitting outside by a river, in the sunshine, with a load of your mates who’ve come to stay. You don’t really want to be stuck in front of a screen, but at the same time, your quick pre-market roundup has given all the indications of an easy trading day with money to be made. The sort of day where you could sneeze on a chart and make some easy dollars.. What’s a trader to do? Easy: Switch on the laptop, trade some easy pickings for about...
Read MoreDisappointing Trading Day
I value my free time above all else. That’s why I took up trading in the first place. That’s why I enjoy teaching others to trade – to give them the same kind of time freedom I enjoy. So for me a bad day is when I have to trade past about 11am in order to make my daily target. Today was such a day! It’s my own fault – I started late. As with so many things, preparation in trading is key. That means pre-market homework can’t be rushed. Day trading stocks...
Read MoreTrading On Vacation
We’re away on vacation (hence no video last week). Now we’ve decided to stay away longer – which is easy to do when you trade for a living and don’t need to organize your time off with ‘the man’. I did think some more holiday-money would come in handy though, so I decided to trade today, from my trusty laptop and the hotels wi-fi connection. Here’s the...
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