Olympic champions usually have three coaches throughout their careers. The last coach typically takes a semi-pro athlete and fine-tunes them; this coach is often a former Olympic athlete. The second coach teaches everything in detail about the game or activity … Read More
The difference between a fixed mindset and a growth mindset in trading is the difference between an unsuccessful trader and a successful one. If you read Mindset: The New Psychology of Success by Carol Dweck, you will understand that the … Read More
Preparation You can’t overestimate the importance of preparation. You must be prepared before entering any aggressive environment. Just as NASA prepares its astronauts to construct and connect space modules in a pool before working in outer space, you must prepare … Read More
Plan A way to make money in the market is to have a detailed plan. There is no game if there is no plan—you will hustle, you will stumble, you will lose. A trading plan is essentially a series of … Read More
Discipline Discipline is a skill that allows you to maintain your best practices consistently. You have to be disciplined to honor your stops and profit targets, prepare each morning, fill journals, review your trades, stick to your plan, and more. … Read More
Trading journal The concepts discussed here have been examined by sports and trading psychologists, and they will help your trading career tremendously. It can’t be emphasized enough how important it is to log data on what you are doing. While … Read More
Visualization Visualization – is a mental practice or simulation of an event, basically you suggest a certain reality to your mind. There are a lot of books tell you simple truths “If you dream of it really hard – you’ll … Read More
Best movers This routine is pretty simple. At the end of each trading session, check the best up movers and down movers. Try to understand: What catalyst stands behind the move How extended the move is How the instrument moved trough … Read More
There are many profitable traders making good money who don’t run back-tests in a software and just organizing charts screenshots with their marks. However, the technology is available, and more and more bright minds are using it to their advantage. … Read More
While reading about market structure, cycles, technical analysis, and how to apply that knowledge for trading stocks intraday, you should never stop thinking about your own personal development. Growth mindset + curiosity + discipline drive this growth. Study how indicators … Read More