5 Important Ingredients required for an Effective Trading Plan: Part 1 – Introduction

This is Part 1 of a Special 5 Part series on how to write an effective trading plan. Before you start, please go through the Glossary at the bottom of the page. For related articles, please see: Part 2 – #1 Know Thyself Part 3 – #2 Motivator Part 4 – #3 Routine Part 5 –…

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How Great Traders Manage Their Multi-Dimensional Roles Effectively

A successful and consistently Profitable Trader has multi-dimensional roles to play. More than that, these traders make a conscious effort to learn, understand and manage each role carefully. What do I mean by a Multi-Dimensional Role? In this article, I will first give a very brief snapshot of the various roles required to be a…

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Turn your Wounds into Wisdom

Trading is a continuous learning experience, but this is only true if you maintain a Positive Learning Attitude. This statement is applicable to any trader, as traders are only human being who are subjected to human pitfalls. This is true even for me. Yes, September was a challenging month as I was moving from one…

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How to Optimise Your Trading Routine?

I’ve recently relocated to Asia from London and I did the usual ritual of readjusting my working routine as well as my body clock. Moving between timezones also meant that I need to re-tune my trading hours. I started trading again after a week and I realised that trading wasn’t smooth flowing, I didn’t feel…

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3 Steps to Declutter your Trading System

When was the last time you clean your Trading System? When was the last time you removed any “Unused” tools on any of your charts? Frankly speaking, many of you probably Don’t Even Realise that these “Unused” items have became an obstruction rather than a tool. Like everything else in life, Trading requires some form of Decluttering…

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“What advice would you give to a novice trader?” by Jack D Schwager

This was taken from the book “The New Market Wizards”, it’s one of the questions posted by Jack D Schwager to Gil Blake. And this was his answer: “There are five basic steps to becoming a successful trader. First, focus on trading vehicles, strategies, and time horizons that suit your personality. Second, identify non-random price…

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License to Trade, Do You Have What it Takes

Trading is just another career, whether you’re trading an hour a day or 20 hours a day is irrelevant. The great (or sometimes unfortunate) thing is that anyone can be a trader. Just like driving, anyone can drive (even without a license). The question is, is it worth taking the risk? With that, let me…

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Don’t let the Frustration Bug Bite

Trading the money markets can be quite unpredictable and, occasionally, the market mysteriously switches from a ‘Giving’ mood into a ‘Taking’ mood and vice verse. Amateur traders who can’t recognise the change in market conditions get very frustrated when they get hit by a few losing trades – and this is when the Frustration Bug…

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The Law of Auto-Suggest

“The law of auto-suggestion, through which any person may rise to altitudes of achievement which stagger the imagination, is well described in the following verse: If you think you are beaten, you are, If you think you dare not, you don’t If you like to win, but you think you can’t, It is almost certain…

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Trading Plan: Writing Instructions For Yourself

Writing a Trading Plan is really not that hard, the problem is that Traders tend to leave out small but important information. And that leaves plenty of opportunities for mayhem. To make this simple, I thought I’d propose the following: Instructions for a Million Pound Account You are about to go on holiday and you…

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