One of the many questions I get from my students is “When can I trade with real money?”. It’s on every trader’s mind as soon as they start learning about the stock market. Trading is not much different than any other high-paying profession. Education and practice precede the big paydays. A surgeon doesn’t start cutting …
You know you should’ve cut the loss there. But you froze, told yourself it would reverse, and it kept dumping. You said last week this would be the last time this would happen. But here you are, staring at another big trading loss. You know WHAT you’re doing wrong, but you don’t know how to …
Most traders will be setting monetary trading goals for 2021. To make $100,000. To make $200 a day. To become a millionaire. All those goals are useless without process-based goals. Monetary goals fail to create the framework and routines needed to achieve them. Your process creates the PNL. The trading goals below are all processed-based. …
It’s no secret that trading can be a stressful profession. A game that involves your ego, money, and a lot of uncertainty will cause anxiety even in the most experienced of traders. But there are several simple techniques and changes that can SIGNIFICANTLY lower stress levels. Before talking about how to combat anxiety, let’s start …
Your decision-making abilities are tested in trading more than in any other profession. Every decision you make will either move closer or further to making or losing money. Many of you reading this have moments where you get struck with indecision: Should I be trading this stock? Should I enter now? Should I take some …
Arguably the hottest sector of the year. EV stocks, companies directly and indirectly related to the manufacturing of electric vehicles, have been on fire all year, and in particular this month. Joe Biden is widely projected favorite to win this year’s presidency. This is viewed as a positive catalyst for the industry, with his policies …