We all make mistakes. I have read that how good a trader you are is a function of how many mistakes you make. The Master Trader makes very few mistakes, that’s why he’s a Master!
Initially, I made a lot of mistakes, as I guess most people do when they start out. With time, I’ve been able to learn from my mistakes and as a result, I’ve been able to prevent myself from repeating them. I’ve found that I learn best from my mistakes when I really take the time to write down an analysis of the mistake; what exactly happened; what caused it; what can I do to prevent it happening again?
Today I made a mistake, and I thought I’d make my thought process public. Maybe Continue reading
That’s the question. More precisely: When building a trading business from scratch, what is the best way to do it? I see two possibilities. Either sit down to trade every day, all day, getting as much experience as possible in as short a time as possible – adhering to the philosophy of “total immersion”. Or rather, Continue reading
After a long break we are finally back! Listen in as Adam Grimes, author of The Art & Science of Technical Analysis, delivers feedback to Marcus Linke.
Adam is offering a lot of information and useful tips, in fact, Continue reading
Today’s apprentice is Jeremy Clifford. Jeremy has worked for Vanguard, but as he said to me he is living proof that the licenses mean nothing for one’s trading skills. The master feedback comes from Nick Radge, aka The Chartist Continue reading
One of the systems that has always appealed to me because of its simplicity is the breakout. In the breakout you’re buying strength and selling weakness so it makes intuitive sense. But how does it fare in real life? In this series of articles I’ll be looking at this simple system and investigate how one may optimize it. Continue reading
Today I speak with Alma Hernandez. Alma started out trading gold and later also Forex. We talk about following guru advice, understanding what one trades, and how to overcome the fears involved with trading.
The Master feedback comes from Louis Llanes Continue reading
The apprentice today is Scott Gibbons. Scott is a brand new trader, trading only Forex for the time being. We talk about the importance of the daily process, systems development, and how to overcome being underfunded.
The Master feedback comes from Robert F. Smith, author of the newsletter Smith In The Black. Besides trading his own account, Rob coaches and trains other traders. Check out his YouTube channel and his profile on www.t3live.com. His high energy feedback to Scott involves topics such as risk management, trading equities via options, and how to gain confidence in your own capabilities as well as in your system.
Episode 007: Smith-Gibbons
I this episode I talk with Mike Ferguson. Mike is a college student and has been trading for less than a year. We talk about trading systems, specifically what goes into a system and how to design it. We also talk about trader personality and emotional command.
The Master feedback comes from Todd Miller. Todd is the Continue reading