Trading Educators, Demons and Knights

I think about Trading Educators a lot. I’ve been a customer of a number of them and over the years have formulated a pretty cynical view on the value many of them claim to offer. That said I can’t help feeling conflicted about the contentious nature of trading education, there are good sides and bad, what…

How to keep your eye on the prize

Making progress towards your trading goals is a long haul ticket, a marathon that often plays second fiddle to the demands of life. So how do you keep your eye on the prize when you have no choice but to commit to the things that need your attention now, without loosing momentum in your long…

Day 2 of The One Tick Target Drill

After my first encounter with the One Tick Target Drill I was excited to give it another go,  I figured that I’d for sure be able to right the wrongs of my bad habits from the day before, and generate a little self confidence by having a positive day. I was wrong. Instead, it took…

What I learned with the 1 Tick Target Drill

I woke up this morning still curled around my Daughter’s toddler bed. Neither me, my wife or our girl got any sleep as we spent the night helping her through a nasty chest infection. Eager to get something out of the trading day, I decided that live trading probably wasn’t a great idea, instead I…

Profitability: The Goal.

What is profitability? It’s a simple question, a basic concept, but when I ask it of myself I find in reality it isn’t simple. Instead I find the term which for so many means so much to be a difficult one to define. The definition at any rate is personal, it is individual and no…

March 22nd – Taking Losses

Today was a bit of a blow. After missing yesterday’s moves due to being at work I was feeling positive about being in front of the screen today. In the end I managed to lose 4 ticks on a trade I inadvertently entered and then a further 2 on a trade that I probably didn’t…

Lessons Learned 20th March

To say this is a session review is a bit misleading as I wasn’t really trading today’s US session. Instead I was up at 06:00 GMT to trade the US overnight session. Why you ask? Mainly because I had to! I wasn’t expecting the market to yield much in the way of good moves, I was…

Missed Trades

This is a reblog of a post I made yesterday. In the process of trying to edit it I managed to delete the whole post so here’s take two! I’ve been hardly trading at all lately. Life has been conspiring to get in the way which is frustrating enough, what is doubly frustrating is that…

“Reminiscences of a Stock Operator”

It’s hard to say anything new about this classic, timeless text. So why bother with a book review? Well first of all I like doing them and second of all I think everybody gets something subtly different out of these classics, so what did I get out of this one, read on and ye shall…

“Dark Pools”

With everything you’d expect from a best selling spy novel Dark Pools is a engaging and enthralling tale of how the financial markets went from the monopoly of the big exchanges,through a transition to computer trading in the hopes of transparency and efficiency, to the current model where speed trumps all, a frenzied bloodbath of…

The NO BS Day Trading Webinar

At the beginning of last month I attended the No BS Day Trading Webinar. I’ve mentioned before that I’ve been a student of John Grady for a while now so I thought I’d set out how I’ve found his material to be helpful and why it’s changed how I look at trading. I started writing…