5 Trading Lessons from 2017

There's only a few weeks left until 2018 so I thought I'd close out the year by sharing some of the trading lessons I learned this year: 1. Don't Trade Without A Checklist -  There was a point in the year where I thought I knew the criteria for trade entries inside out and decided to abandon my entry checklist. This ended up being a big mistake … [Read more...]

My Answers to 5 Questions from Tribe of Mentors by Tim Ferriss

I'm currently reading Tribe of Mentors by Tim Ferriss and thought it would be a good idea to answer a few questions from the book in the context of trading because I think it could be helpful to other traders. For those that are unfamiliar, Tribe of Mentors was compiled from the answers of 11 questions put to  over 100 world class performers. … [Read more...]

1 Year Later: The End of Publishing Weekly Reviews

After posting weekly reviews for the past year and 7 months, it's time to say goodbye. Writing a trading blog post every week has been illuminating and I can honestly say that it has improved my trading in more ways that I could have imagined. It has made me more disciplined, revealed things about the market that I wouldn't have noticed otherwise … [Read more...]

Week 25: Reference Points

I've mentioned a few times on this blog that I trade price action patterns but people seem to have misunderstood this as visual chart patterns (i.e. triangles, head and shoulders, etc) especially after I showed one of the trades I made last week. The price action patterns that I use do not look the same. I don't see a visual pattern on a chart and … [Read more...]

Week 24: Half Way

As we have reached the end of the first half of the year I thought it would be a good time to reflect on the previous 6 months. A lot has changed with my trading and I have made many improvements. I rebuilt my trading method from the ground up and everything is more structured than ever. There wasn't much wrong with the way I traded before but … [Read more...]

Week 23: Simple Ways to Eliminate Trading Mistakes

Zero. That's the number of trading errors I've made this year. I'm not writing this to brag, there's actually a good reason why I am mentioning this and if you continue reading you will learn how I went from making a couple of mistakes every month to zero. Trading mistakes are an elusive element in the planning stage of a trading method. When … [Read more...]

Week 22: Plan The Trade and Trade The Plan

Every weekend I analyse charts and plan trades for the following week . One of the problems that I had when starting out was that I didn't always follow my plans when it was time to execute. Frustrated with this problem, I changed a few things to ensure I executed my plans accurately. Hopefully these tips will help other traders too: 1. Be … [Read more...]

Week 21: The Utility of Empty Space

Thirty spokes unite at one hub to make a wheel, But what is missing makes it useful. Clay is shaped into a bowl, But it is the empty space that makes it useful. Cut out doors and windows make a room, But its empty space makes it useful. So, what is there is beneficial – But what is not there makes things useful. The quote above is … [Read more...]

Week 20: Tools of Titans

I purchased "Tools of Titans" by Tim Ferriss last week and when it arrived I wasn't quite sure what to make of it. My immediate first impression was "this book is huge", however, its actually been an enjoyable read and I've definitely picked up some useful tips and tricks from it. I've been a fan of Tim Ferriss books since "Four Hour Workweek" and … [Read more...]

Week 19: Are There Any Shortcuts?

It’s possible to learn how to trade without spending a fortune despite what many trading gurus tell you. There’s nothing wrong with purchasing a trading course, joining a trading room or paying for access to a webinar. The problem is that many educators are simply not good traders. And some are not good teachers either. Ask any successful trader … [Read more...]