Grade Your Trade

Grade Your Trade

As traders, we know we should have a trading plan which is frequently different than an overall business plan.  Then we know we should journal our trades so that we can learn from the mistakes or poor choices and refine our trading skills. This continual review also...
Three Stages of Trading

Three Stages of Trading

When we start our journey in the world of trading the financial markets, we set up our accounts, fund them and start practice trading.  Slowly (not always) we move into funded trading after achieving a modicum of success in a practice account.  Many times it feels...
Pay Yourself First

Pay Yourself First

Heard this before?  How do you Pay Yourself First? Here are some tips. 1. Consider needs versus wants before spending your cash 2. Use direct deposit and automatically transfer a portion to savings first before paying bills. 3. Pay bills on time to avoid late fees. 4....
Are you an offensive or defensive trader?

Are you an offensive or defensive trader?

This topic could take many turns, but the one that I want to discuss is trading stocks, options, E-Minis futures,or a currency pair. When we first start trading, the easier concept to grasp is directional trading. We begin the hunt to find a stock or an option to...
Streams of Income and Time Management

Streams of Income and Time Management

So, you want to trade in one or more of the financial markets? Learning the techniques (technical analysis), deciding on a broker and trading platform and finding a good source for education seems to be the START. As important as these steps are, you need to create a...