When it comes to food, drugs, gambling or alcohol, addiction is easy to spot. Maybe! When it comes to trading, there are addictions that may go unnoticed, creating disastrous results. Here are some ways you may be addicted in unhealthy, unproductive and destructive habits. Addicted to Waiting You are...
Read moreIn my last two articles for Your Trading Edge, we talked about two of the three ingredients of success: Mental States and Mental Strategies. You learned that even a simple strategy like executing a trade could get messed up and was basically psychological in nature. And, you learned that...
Read moreName: Sharon Gleeson Age: 54 Work status: Trade full-time Occupation – or past occupation: Partner in an Accounting Practice and Financial Planner specialising in Self-Managed Superannuation Fund strategic advice City/town or Country you live in: Bendigo What do you trade? ASX Top 200 mainly Number of years trading: Approximately 4...
Read moreFred has been trading for eleven years. He is technically minded and loves numbers. He analyses patterns, cycles, support and resistance levels, Fibonacci retracements and range extensions. He trades Australian and American Equities and thoroughly enjoys it. There is only one problem. He is not making money. The trading...
Read moreStupid things people have said to me: “So… you want to be a trader… just as well, you have got a nice husband to support you.” – My Dad over Sunday lunch. “Option trading… that will never work” – My Uncle Then, once my book on options was released...
Read moreIn my last article for Your Trading Edge, we talked about mental strategies and their importance for accomplishing the tasks for trading success. You learned that even a simple strategy like executing a trade is psychological in nature and can get messed up easily. In this issue, I want...
Read moreFoMO, i.e. the fear of missing out, is the most common complaint I hear from struggling traders. They say they feel helpless, at the mercy of their FOMO, unable to control the urges and temptations even though they know it’s detrimental to their trading success. I entered the trading...
Read moreWhen I was in my corporate role, I was 100% sure that hard work was the key. I slugged it out, working 8, then 10, then 12 hour days. I said ‘no’ to friends who wanted to meet me for dinner. Without attention, those relationships began to slink away...
Read moreThe making of a victim typically begins early in life, often triggered by a traumatic event strong enough to cause an individual to subconsciously make that crippling decision: I can’t win; not now, not later, not ever. With this belief, the mind eventually focuses on “not losing”. The reasoning...
Read moreI am often asked two questions by traders. Understanding the answers to both questions will make you a lot of money. Not understanding the answers to these two questions means you will make lots of mistakes that cost you capital and lost profits. So, let me ask you, if...
Read moreYourTradingEdge (YTE) is the definitive bi-monthly magazine for traders and active investors covering CFDs, stocks, options, futures, forex and commodities. We are not a business journal or a tipster magazine, but an educational tool for the active private trader.