Trading and Patience: The Conveyor Belt Analogy w/ BalancedTrader For a trader, patience is not just a tool and a necessity. To illustrate this, let’s consider the analogy of a factory worker stationed at a conveyor belt. This worker’s task is simple: lift the boxes...
Two Essentials of Risk Management w/ John471 You will often here online traders mention risk management, risk control, or being a good risk manager, etc., but what exactly do they mean, and how can a trader be a good ‘risk manager’? Let me start off by mentioning a...
Do More with Less: Focus on a Single Trading Setup w/ John471 If you have listened to many Group Mentoring Sessions, Ask Me Anything Sessions, or perhaps some of the public webinars, you may have heard the advice from FT, other Mavens, or myself to focus on a single...
Becoming a Great Risk Manager w/ John471 Becoming a Great Risk Manager If you have been a trader for any length of time, you’ve likely made two critical mistakes: You have probably had a good day, or week, and then projected those results out over a year,...
But I only made 11 ticks today… But I only made 11 ticks today… I remember this moment in my mid-twenties, driving home from the prop office I worked at, feeling pretty good about myself because I had really started to show some consistency in my trading....
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