"Essence of Trading" Posts
Self Improvement Starts From Studying Yourself Literally
By Lawrence
I have worked with many people in improving their trading performance. I have also worked with people to improve other areas in their lives. Leaving the more technical psychology stuff aside, one thing that stands out in those people who can help themselves into doing better, be that health related or financial well being, is […]
Writing Your First Trading Plan
By Lawrence
One cornerstone in achieving trading success is the completion of your trading plan. I am not talking about a vague idea you have in place on how you engage the market. I am talking about a solid written plan that describe all aspects of your trading. This plan is what you would follow during trading […]
Tai Chi Traders in a World of Chaos
By Lawrence
I have seen all kinds of metaphors about traders who can make money from trading all kinds of financial markets. For example, many traders like to think of themselves as some kind of martial artists including ninja, samurai and karateka. There are also traders who prefer to think of themselves as snipers and big game […]
Why Traders Fail To Follow Profitable Mechanical Systems
By Lawrence
One of the questions I often receive from traders is that they have bought (or leased) certain well known trading systems yet they cannot make money trading them. Of course, some trading systems are just outright useless. The rare good ones, however, do exist. Yet, even though those trading models produce profit if followed exactly, […]
What Is Day Trading Bias?
By Lawrence
Many people wonder why I name my website DaytradingBias.com and not something else with a catchy phrase involving Emini S&P or Forex. First, I was not web savvy enough back then to recognize that it is better to name a site with a catchy phrase so that it can be found more easily through search […]
The Little Secrets Behind Traders Who Turned Around Their Trading Careers II
By Lawrence
Many retail traders started their trading adventure because of the financial potential. During their journeys through the maze of the learning process, however, that dream of financial freedom slowly fade away and often replace by setbacks and pains. The small number traders who rise above the others through difficult situations into consistently profitable traders do […]
The Little Secrets Behind Traders Who Turned Around Their Trading Careers I
By Lawrence
When beginner traders look for role models in trading, they often think of the big names in hedge fund industry or legendary investors who accumulated billions in their lifetime. Such idolization of great traders or speculators is actually doing more harm than good when it comes to trading. Unlike these legendary figures, normal people usually […]
Do You Know What Trading As A Business Really Mean?
By Lawrence
People talk about trading as a business all the time as if it is a golden rule to trading success. The truth, as usual, is far from it. This dilemma I learned many years ago from someone who took his trading very seriously and planned one day in becoming a professional day trader. That day […]
A Big House, A Nest Egg And A Few Triple Bypass
By Lawrence
Past few weeks I was visited by many friends and relatives due to loss of my significant other. Many I have not seen for years. Some others, I have never heard of their existence until now. It is a very odd experience. It still hurts inside and I am still grieving. Yet, I like to […]
I Can Never Understand The Central Bankers
By Lawrence
I am puzzled by the latest round of statements from the central banks. If these words were coming from a trader or a financial analyst, it is expected. When such statements come from central bankers, it is disturbing. Like Some People To Act Stupid The central bankers around the world mentioned many times over the […]
