Trading Skills

There are two parts to being successful as a trader/investor. The part almost everyone focuses on is the analysis (aka method). The other part is one’s abilities as a trader. But of the two parts to becoming successful in markets, trading ability is by far the most important. I’ve known floor traders who have been wildly successful, but who employ a very simple method/analysis. And they know that. But they also know they wanted to focus more on developing their trading skills, rather than believing in a method. (Continued for subscribers.)

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Biases are KILLERS!/Video

February 14, 2017-9:18 am traderscott 0

Biases in markets destroy the mind, and they destroy optimism and passion – leading to not believing in ourselves. For if we don’t have optimism and passion, what’s the point of working hard. It’s the hard...

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Approach

Stop Predicting, Just Trade

February 14, 2017-1:43 am traderscott 0

  There is so much wrong with how so many people approach markets. And predicting/guessing is one of the most toxic transgressions. One of the biggest advantages with short term trading is how much less...

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Accumulation / Distribution

Worksheet US$, Video

February 12, 2017-11:34 pm traderscott 0

Doing as much work by hand is very beneficial, because you must actually do the work. You feel better and more confident and have more clarity when you write something down by hand. The act...

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Approach

Market Orders vs. Limit Orders

February 11, 2017-5:29 pm traderscott 2

  This article from  Zero Hedge should be a warning for all of us. I personally rarely use market orders to enter a position, only to exit one (profit or loss). When we do the right...

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Messy Markets

February 10, 2017-5:46 am traderscott 4

When short term trading, I want to get in when the market is messy/volatile, but get out when it’s easy. I don’t want to deal with the mess when I’m already in, and then have...

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Why to Have a Watch List

February 10, 2017-5:34 am traderscott 0

  The importance of a watch list which are giving off signals that they’re getting ready to move is because then there will be good opportunities on a continual basis. So then we have plenty...

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Setting Stops, Investing in Ourselves, Gold Example, US$ Setup Example

February 10, 2017-4:16 am traderscott 0

  My initial stop is gut feel, as I’m trying to get a feel for the technical action, and sometimes will just pull out of the trade stop or not, small profit, small loss. whatever....

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FCX Short Term Trade

February 8, 2017-3:39 am traderscott 0

The Entry Points Here is a video of a short term trade in FCX  – an overnight hold. We can talk and write about this blah, blah, but trading is about doing, not thinking. We...

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Accumulation / Distribution

Psychology, Bond Market

February 8, 2017-1:30 am traderscott 0

    My belief, expressed several times since December, is the bond market is under serious accumulation. Why, I don’t know. There is a monster imbalance in the weak/strong hand positioning. That is not the...

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Thinking vs. Doing/Losers vs. Winners

January 28, 2017-1:41 pm traderscott 0

  Planning every day, preparing every day, working hard every day, staying tough every day – these are the things to do. Leave the thinking to the losers. It’s taking actions outside of trading which...

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