Keeping a Trading Journal is Crucial For Every Single Trader: It may seem lame or unnecessary, but maintaining a Trading Journal is a critical component for every individual who wants to achieve sustained success in the markets. The transaction history that your broker provides simply isn't enough. All that usually contains is data such as time of entry & exit, number of shares traded, and ticker symbol. This information is certainly important, but the real substance is in your own … [Read more...]

You're 100% Responsible For All of Your Trading Profits and Losses: Complete accountability for your trading results is required if you want to become a consistently profitable trader. Stop blaming individuals on Twitter for hyping up a stock just for you to get caught in a large downward move. Stop thinking it's a smart idea to blindly mirror the trades of any guru in the industry, no matter what their track record is. The only way to become consistently profitable over time is to take … [Read more...]

Trading Results Are a Reflection of the Way You Think, Feel, and the Actions You Take: The concept of The Mirror can be applied to every single pursuit in life, but is especially critical to understand in regard to trading. In essence, The Mirror implies that your trading results will be a direct reflection of the way you think, feel, and the outward actions you take. It's extremely hard to excel at trading when other aspects of your life are in disarray. Bringing those emotions into the … [Read more...]