Mastering Trading: The Mental Challenge and the Power of Journaling
Trading is a lucrative field that can be both simple and complex at the same time. While the basic premise of trading involves buying and selling assets for profit, the…
How Traders and Professional Athletes Share a Winning Mindset and the Importance of Daily Training
A trader and a professional athlete might not seem to have much in common at first glance, but there are a number of similarities between the two professions, particularly when…
How much can a day trader realistically earn per month?
Day trading is a popular way of making money in the financial markets, and many people are drawn to it because of the potential for high returns. However, the reality…
The importance of backtesting: Repetition and deliberate practice in trading
Backtesting a trading strategy is a crucial step in finding a winning system that can produce consistent profits. By simulating historical trades using past data, traders can evaluate the effectiveness…
Book recommendation: Grit, by Angela Duckworth
"Grit: The Power of Passion and Perseverance" is a best-selling book by psychologist Angela Duckworth, which emphasizes the importance of passion, perseverance, and a growth mindset in achieving success. The…
The Pros and Cons of Automated Trading Robots
Automated trading robots, also known as algorithmic trading or "bots," are computer programs that automatically execute trades based on predetermined rules and criteria. While they can provide several advantages, they…
The Benefits of Prop Trading Firms for Retail Traders
Prop trading firms have been gaining popularity among retail traders in recent years. These firms provide traders with the opportunity to trade with the firm’s capital, rather than their own…
The Mental Game of Trading: Overcoming Obstacles for Success
Trading is a highly competitive and dynamic field that requires not only technical skills but also a strong mental game. The mental aspect of trading is often underestimated, but it…
How to find a trading system
Finding and validating a trading system is an essential part of a trader's success. It is a set of rules that guides a trader's decision-making process. It is designed to…
Understanding the Order Book: Exploring Market, Stop, and Limit Orders
In futures or stock markets, an order book is an electronic system that records all buy and sell orders for a particular asset or security. The order book helps traders…