Fred 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...
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Stupid 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...
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In 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...
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FoMO, 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...
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When 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...
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The 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...
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I 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...
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I was sent an email this month. Here is a direct quote: “It’s nice that you’re trying to show women how it’s done, but it’s clear you’ve been riding on Chris Tate’s coat-tails for years. He’s the brains behind the operation.” (For those of you who don’t know Chris...
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YTE speaks to trader Kat Sayers and shares with you the trajectory of her trading career.
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