Trading Psychology and Routine

My Top Five

A good friend of mine called me over the weekend and explained that he wanted to start trading, and was looking for some basic advice. In our relatively brief conversation, I covered several major topics,

Every Trade Counts: Doubt Your Initial Reactions

Its easy to forget what makes us money sometimes. Profitable traders, and non profitable traders alike, go through phases where they oftentimes forget what it was they did when they were making money. We get

Measure Twice, Cut Once – Drastically Improving Your Performance With Proper Planning

If there was ever a turning point in my career where I went from mediocrity to consistency, it was when I started putting together a daily plan on a regular basis. The exercise takes

Take the Easy Ones

Staples would love me for putting up this picture. Looking at price action tonight, we’re seeing a somewhat difficult zone here, particularly on GBP, EUR and CHF that is going to require a breakout

Losing Money Trading FX

We all know the statistic, and it’s not a pretty one. According to CRB, “Ninety-two percent of day traders trying to scalp lose money. Only eight percent are successful. Out of the eight percent, only

Dennis Gartmans 22 Rules of Trading

For those of you who don’t know anything about Dennis Gartman, he’s been writing “The Gartman Letter” since 1986. It’s a newsletter that is widely-subscribed to by banks and fund managers all over the world.