It has been over two months since I last wrote about my trading. Tho I’ve been reading good books and reviewing them here in my blog, I will now give a quick overview how I’ve been actually doing in the stock market during the past couple of months. “It never was my thinking that made […]
Tag: lessons
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The data for any decision is infinite
Crazy times in the world, huh? A year ago today, I was flying to NYC to meet other traders and attend a trading workshop. Can’t imagine that opportunity right now. However, something has stuck with me ever since. When I was on the plane, I was listening to a podcast that played an excerpt of […]
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The best loser is the long-term winner
Winning is easy, losing is hard. In school and sports we are taught to be winners. In trading we need to learn to lose. Amateurs like to take quick profits cause it feels good, they hold on to losing positions cause having it on paper doesn’t feel as bad as actually taking it. Pros do […]
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Focus on process, not results
Amateurs are looking for the next winning trade, pros know that trading is a long-term process of cutting losers and adding to winners. Market behavior is too random to predict the outcome of your next trade. Therefore, focus on things you can control and that is process, not results. There are few simple stats I […]
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Trading is not easy, but it’s simple
I got back from my trip to NYC to attend a workshop by Dr. Alexander Elder and Kerry Lovvorn. It was fun. First night we gathered at Dr. Elder’s apartment near Manhattan, a short walk from my hotel. I met other traders from around the world, cigars on the balcony and off we went to […]