Why Most Traders Fail - and How You Can Be Part of the 10% That Succeed: The exact percentage of traders that fail is difficult to accurately calculate. But the general consensus is that somewhere around 90% consistently lose money - and this might even be a conservative figure. Some believe it to be as high as 95-99%. This is often a shocking statistic for beginners to hear - and it typically turns them off to giving trading a real shot. They assume they have virtually no chance at … [Read more...]
What is Auction Market Theory – Trading Value vs. Price
What is Auction Market Theory - Trading With Auction Market Theory as a Framework: Auction market theory is a framework based in the notion that financial markets are giant auction mechanisms. They exist to continuously facilitate 2-way trade between buyers and sellers. When buyers are more aggressive than sellers - price goes up. When sellers are more aggressive than buyers - price goes down. When they're relatively even, price is stable. When you look at a chart, this helps … [Read more...]
3 Critical Phases of the Trading Day – Prep, Trade, and Review
The Non-Trading Elements Are Leading Indicators of Your Performance: When it comes to trading, most novices only worry about the trading session itself - when the actual buying and selling takes place. They roll out of bed 2 minutes before the open, power up their trading station, and think they're in a position to succeed. But I can tell you right now that without a consistent daily routine of preparation and review, your trading (the entering/exiting of positions during market … [Read more...]
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