Here's something you don't see traders post very often - an actual losing day! While a lot of people try to dance around it the reality is that as a trader you will have losing trades and sometimes you will even have days where you ultimately end up a few points in the red. It's […]
I know I talk about it a lot in these trading journal posts but it's worth stressing again the importance of being adaptable as a day trader. In yesterday's post I discussed how having a bias and not adapting to new market information can really hold a trader back from finding opportunity and developing consistency […]
I sometimes think that the thing many traders struggle with the most is bias. They convince themselves that the market simply has to go in a certain direction or a trade will practically guaranteed to go their way and they block out all information to the contrary. In extreme cases, the reality check doesn't occur […]
I wouldn't exactly say things were quiet on the news front last night but if you were just watching the Emini S&P 500 (ES) today you probably wouldn't have noticed things acting much different. I suppose that's because the market has already priced in some of the current and upcoming political uncertainty. So it's just […]
If you can be patient it will usually pay off. That's what I tell myself when we have a quiet market open like we did today. It can be difficult to sit around and wait for a trade that fits your plan. If you're the gambling type you might feel the urge to get involved, […]