Given that there is no formal education for learning how to be a speculator, I think it's critical for a person who desires to become a successful trader that he or she spends significant amount of time learning from others. By this, I don't mean the "get-rich-quick-with-my-awesome-sure-fire-system" crooks that sells their workshops all over the … Continue reading Some early inspiring quotes.
When I first started trading, I was given $100,000 by a very courageous boss to see how I would trade. It didn't end well. In total, after a capital injection along the way, I lost close to $150,000. I was asked soon after to write a summary of what had happened and I learned from. … Continue reading What I wrote after trading for 2 years…
The only was that you can build a sustainable trading system is to develop principles that stand the test of time. A simple test for your principles is to ask this simple question, several days/months after the trade is done: Would I take that trade again? Regardless of the success of a specific trade, the … Continue reading Choose principles that stand the test of time
After (about) 10,000 hours of watching and listening, charts and information seem to fit in recognizable patterns. When a pattern resembles a trade opportunity, it demands action without hesitation, according to a repeatable plan. So, be ready. Much has been said about the "10,000 hours rule" that Malcom Gladwell popularized in his book "Outliers." I'm … Continue reading Be ready. After 10,000 hours.