via IFTTT TIME HAS NO BEARING ON MONEY Most of us have ideas about the amount of time it takes to make a certain amount of money. These ideas do not apply to trading the markets. A trader can literally make thousands of dollars in a matter of minutes or even seconds with very little…
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via IFTTT LEARNING TO LOVE TO TAKE A LOSS This is something you’ll hear successful traders say all the time. If you’re going to be a successful trader, you will have to learn to love taking a loss. Basically, what that means is it does not bother you to have a losing trade. Don’t get…
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via IFTTT SETTING AND ACCOMPLISHING REALISTIC GOALS I realized early on in my trading career that one of the most common characteristics in almost all successful traders I’d met was they are all very goal-oriented. In fact, I’m not sure if you realize it or not, but that’s when people are at their best. …
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via IFTTT ACTING IN YOUR OWN BEST INTEREST You will see this theme throughout this series. It is the most important concept you can learn in order to be a successful trader. If you can master this skill, you can be very successful in this business. But without it, you are destined to fail. It…
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via IFTTT Read the Story on Tale of 2 Traders Our first trader is Ned. Ned is an intraday trader who day trades the index Futures. He’s been trying to be consistently successful for the last six months. Unfortunately, it hasn’t worked out very well. But it’s not because of his methods that he’s having…
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