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Tips / Psychology / General

Want to be a More Responsible Risk Taker as a Trader? Read this

Always remember that the moment you enter a trade, you are risking money. Keep that in mind whenever you are putting on a new position. You are risking real money. So, are you going to risk big or are you going to risk small?

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Charts, Levels and Strategizing Tips / Psychology / General

If there’s No Setups, then there’s No Setups; Don’t Force Trades

I realized that I scrolled through the same charts more than once looking for potential trade setups over the weekend. This was a clear message to me that there just wasn’t any.

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Charts, Levels and Strategizing Tips / Psychology / General

Discussion / Update on EURJPY, EURCAD and AUDUSD from Previous Posts

In today’s post I just want give a quick update and discuss some of the charts I posted over the last couple of weeks.

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Tips / Psychology / General

Trading Wins and Losses Come in Clusters; Except that and Become a Better Trader

I’m sure that for most traders out there it is difficult to deal with a couple of losing trades in a row. I am no different. 

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Charts, Levels and Strategizing Tips / Psychology / General

Update, Discussion and Lessons on EURGBP and USDCHF Pairs from Last Week

Last week I wrote that my plan was to go short EURGBP and long USDCHF depending on certain levels that must be reached and confirmation in terms of candlesticks. You can find the post from last week here.

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Tips / Psychology / General

Trading with a Long – Term Mindset

When we first start out trading it’s all about finding that trading strategy that will give us daily / weekly / monthly positive returns, the holy grail in other words. It’s all about instant gratification and unrealistic expectations. This can cause us to take risky trades, being greedy and all the other problems that come with being a newbie trader. Slow and steady is a much better approach to trading in my experience. This post is about how trading with a long – term mindset can help traders improve their trading. 

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Tips / Psychology / General

Learning to Say No and How it can Help Your Trading

People can spend a lot of time doing “things” that don’t contribute to their dreams / goals. And by simply doing the opposite, that is doing less of those “things” and more of what contributes to their dreams / goals, the faster success can be achieved in their various endeavours. This post is about learning to say NO to those various “things”. Saying NO takes a lot of discipline, over time it can become a habit, and can spill over into other areas of your life such as trading. And trading is what we are about. Let’s start.

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Tips / Psychology / General

The Essential Parts of a Trading Strategy

In this post I’m going to explain the bare essentials that are necessary in a trading strategy. As part of a trading strategy you must, at the very least know: the markets you are trading, your trading time frame, entry reasons, risk of the trade and how you manage your trades. I’ll be discussing that next with the help of some examples. Let’s start.

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Tips / Psychology / General

Mindfulness, Trading and Life

In one of my previous posts, I wrote about how I want to practice becoming more patient and disciplined this year and beyond; not just in my trading, but also generally in my life. In that same post I mentioned how I would start by doubling down on practicing mindfulness. It is something I’ve been doing for some time, but I never really used the benefits that come with it. This post is about mindfulness and about how I’m currently using it to become more patient and disciplined.

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Tips / Psychology / General

More Patience and Discipline for 2021 and Beyond

In 2021 I want to work harder on my patience and discipline. It has always been something that I’ve been good in some areas of my trading and not too great in others. I’ve also come to realize that patience and discipline is something worth working on all the time, not just in trading but also my life in general.