Owner: tradingadviceblog.com URL:http://tradingadviceblog.com Join Date: Wed, 02 Jul 2008 17:32:14 -0500 Rating:0 Site Description: Created for new and struggling traders, tradingadviceblog.com explains in detail how to trade using a profitable cycle trading system, and how to clear inner obstacles to trading success. Site statistics:Click here
5 Reasons to Use Cycles in Your Trading Plan 2008-06-30 12:01:29 One of the most important pieces of trading advice that I ever received was to investigate cycles. And after 5 years of using a profitable trading system based on cycles, I’m convinced that they are of enormous benefit.
Reason 1
One of my favorite reasons for trading cycles is that a large percentage of traders don’t [...] Read more:Reasons
, Cycles
, Trading
10 tips for preparing for a profitable trading day 2008-06-22 17:54:07 Every great athlete, musician and professional where the stakes are high, knows that warm up and preparation can make a big difference to performance. Here are 10 tips -trading advice for preparing for your best trading day.
Mental Prep
1. Harness the power of intention
As you become more and more focused as a trader and as you [...]
Is your blood sugar affecting your trading without you even realizing? 2008-06-17 18:38:27 This is a slightly different piece of trading advice than the usual! But don’t say that we don’t tell you everything you may need to be successful!!
A few years ago I started to have really bad migraine headaches during and after trading. You can have a profitable trading method and a great mindset, but if [...]
Clearing the way for trading success 2008-06-15 14:05:39 What’s standing between you and consistent profitability? Even having found a method that others use profitably, many traders still struggle to turn a profit, using exactly the same method.
If you’ve read some of my early blog posts you’ll know that this was my own painful experience. Having overcome it and gone on to make a [...] Read more:Clearing
Raving Fans of MarketClub 2008-06-13 10:20:47 There’s a jungle of trading advice on the internet. So as a new or struggling trader looking for trading wisdom, you have to be discriminating. Swinging through the trees looking for the juicy fruit, it’s always nice when you come across something really tasty – something that will nourish and support your trading skills rather [...] Read more:Raving
Profitable Cycle Trading Method - Part III 2008-06-12 16:45:47 Read ProfitableCycleTrading
Method - Part II here.
Cycles are rough sine waves. A cycle moves up until it reaches a high then curls down moving downward until it reaches a low before it curls upward once more. When a cycle has bottomed out, curls up, and then starts moving upwards we can say that [...]
Profitable Cycle Trading Method - Part II 2008-06-08 17:16:24 Read ProfitableCycleTrading
Method - Part I here
Principle 4
Discipline. The most fundamentally important part of making this method work is self discipline. To be consistently profitable you need to be disciplined every trade, every day. The one time when you relax your rules, you can be sure will be the time it will come [...]
Profitable Cycle Trading Method - Part I 2008-06-02 01:58:21 Many traders don’t like to share advice about their trading system because they think it will lose it’s edge. Here at tradingadviceblog.com our philosophy is that there’s plenty to go around!
This is the first in a series of three blog posts that shares one of my favorite cycle trading methods in detail:
First things first - [...] Read more:Trading
, Profitable
, Cycle
Trading advice for conquering the fear of losing 2008-05-30 10:12:21 Here’s a blog post with guidance about one of the most debilitating emotions for a struggling trader - the fear of losing. Sometimes its there from the start and sometimes it develops as you go through a period of losses. It leads to other issues like an inability to pull the trigger, getting out of [...] Read more:Trading
Guide to regaining your trading optimism 2008-05-26 13:28:45 Here’s a blog post with some trading advice for one of the struggling trader’s toughest obstacles - staying positive.
Perhaps you’ve had a string of losing days or even months! Or perhaps you’ve started to become profitable, only to blow it all on one day where your discipline slipped. Its so easy to give in to [...] Read more:Guide
Book Review: The Trading Method That Can Make You Rich - by Roy Kelly 2008-07-14 13:00:16 Priced at $195, used copies almost unheard of, this book with its almost 'cult-like' following has intrigued me for years. I finally decided to buy "The Trading
Method That Can Make You Rich" and see what the fuss is all about.
10 Ways to Deconstruct Your Trading and Build a Better Plan 2008-07-09 20:24:11 Just like a mechanic, to be successful as traders we need to learn how to diagnose the different aspects of our trading and repair, replace, or adjust them. For some that's a bit of fine tuning, for some its a complete overhaul! Read more:Trading
, Build
Losing? How to Figure Out Where You Are Going Wrong 2008-07-07 08:54:58 One of the most common questions we receive at Trading Advice is “where am I going wrong?”. To the new or struggling trader, there can often seem like such a mind boggling array of variables in trading, that it seems impossible to unravel the primary issues.
When you strip away your emotions on the [...] Read more:Going
, Wrong
Trading Advice Daily Forecast for the Emini S&P500 2008-08-01 04:45:21 After yesterday's forecast consolidation, we're projecting an up day today based on our cycle analysis.
Look for key resistance today at 1271.50, 1279.00, 1287.50 & 1295.00 the pivot is at 1267.75 and key support at 1263.75, 1260.50, 1248.75 & 1237.75. Read more:Trading
, Daily
, Forecast
When Will Traders Believe It? 2008-07-29 04:30:26 Its a funny thing... the information that new and struggling traders need the most, is the information they think they need the least. Its the element of learning to trade that is given the least attention, and often not at all, until its too late - until the bubble bursts, and the worst happens. But by then its often too late, the damage has been done.
Traders’ Guide to Keeping the Big Picture 2008-07-20 11:44:05 I've noticed from the emails Trading Advice has been receiving recently that its at times like this, when the market changes its trend, that new and struggling traders run into the most difficulty, because they don't have effective methods for holding the overview. Everyone gets comfortable as the bandwagon moves consistently in one direction, only to be thrown from their seats because they weren' Read more:Guide
, Picture
How To Put Your Past Failures Behind You And Move On To Trading Success 2008-07-16 19:14:57 In the early days of trading, I once lost $1600 overnight because I made a mistake and left two contracts open. Another time I lost $400 and then another $1500 on a mad binge trying to get the $400 back. It was painful. Gut twisting, panic inducing, emotional hell. Not only in [...] Read more:Trading
, Success
Why Some People Almost Always Make Money Trading 2008-08-12 21:28:28 In many of my former posts I’ve talked about the dramatic improvement that you can make in your trading by giving as much importance to ‘time’ as you currently do to ‘price’.
What if instead of being a slave to the charts you could calmly pinpoint exactly the right times to trade - times that will [...] Read more:Almost
, Money
, Trading
10 More Ways to Deconstruct Your Trading and Build a Better Plan 2008-08-08 21:24:52 10 Ways to Deconsruct Your Trading
And Build
a Better Plan turned out to be one of the most poplular posts ever written here at Trading Advice, so here's another 10.
This time with a specific focus on building a mental approach to trading that will always allow you to derive the most from your trading plan.
Top Lessons from Trading in the Zone - Part 1 2008-08-04 13:31:34 Trading in the Zone by Mark Douglas is THE definitive handbook for establishing an effective trading mindset. Consistently profitable traders all over the world attribute a significant part of their success to the implementation of Mark’s thinking strategies.
The overarching premise of Trading in the Zone is learning the mental strategies that allow you to trade [...] Read more:Trading
, Lessons
What is emotional clearing and how do you do it? 2008-08-04 13:11:31 After a number of posts in which I refer to emotional clearing, I’ve been receiving emails asking for more explanation - so here goes:
We all have emotions, fear, anger, guilt, worry, shame etc. Traders and investors who are putting hundreds and thousands of dollars on the line each day are more prone than most to [...]
Performance Enhancement or Core Beliefs? What Every New Trader Should Know. 2008-08-25 13:23:10 Since my last post about differences of perspective on developing trader mindset, I’ve spent quite a bit of time this week trying to understand those differences of perspective - the Dr Brett Steenbarger, “enhancing trader performance” school, and the Mark Douglas, “core beliefs for trading success ” school.
While I don’t see any conflict between the [...] Read more:Performance
, Trader
If You Don’t Learn This Skill Early You’ll Always Wish You Had 2008-08-18 10:26:30 In the comments of a recent post on theessentialsoftrading.com a conversation began about the relative importance of psychology in trading success. Someone referred to one of Dr Brett Steenbarger’s posts - The 3 Myths of Trading - in which he says that success is a function of talents (inborn abilities) and skills (acquired [...] Read more:Early
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