"Trading Plan" Posts
Relative Efficiency of Return on Investment with Trading Comparing to Other Businesses
By Lawrence
I wrote in my blog two weeks ago about trading income which somehow generated quite a number of emails asking for clarifications of what I mean. So here it is again on the same topic with examples to illustrate the point. This should allow people who is interested in starting their own businesses or in […]
Should You Stop Trading When Your Weekly or Daily Profit Goal Is Reached?
By Lawrence
Many traders choose to stop trading once a dollar based profit goal is reached. It is a safe guard against oneself from over trading. It also helps a trader from getting to aggressive due to emotional high triggered by reaching the profit goal too quickly. So is it a good idea to do this? I […]
Jon Kabat-Zinn: How to Feel Comfortable in Your Own Skin
By Lawrence
A good summary on the reasons for which we should learn mindfulness practice. Being able to put yourself just a tiny step away from your emotions, you can do much better mentally. For traders, it is one of the best tools to improve our trading performance. As you transform into a more mindful person, you […]
Al Brooks: Trade Profitably with No Indicators
By Lawrence
Al Brooks explains his binary approach to day trading the Emini S&P. Al’s approach to trading the Emini S&P is very different from my style and it works well for him. For beginner traders, it shows that to trade effectively you have to find your own way. I have asked Al about his recommendation of […]
From Chart Reading To Trading
By Lawrence
Many people confuse the analysis of the price charts and the projections on the potential outcomes with the act of trading or investing. Chart reading is just a tool to assist us in making our trading decisions. However, chart reading itself is inadequate for a trader in making proper trading decisions. To be able to […]
Emily Balcetis: Why Some People Find Exercise Harder Than Others
By Lawrence
An interesting talk about our perception and how it affects us in reality. Notice how determination and having short term achievable goals are crucial in helping us to accomplish results. This is a good reminder to all beginner traders why it is important to set reasonable goals in all areas of your trading education. Be […]
Having A Trading Edge Is Not Enough
By Lawrence
Many aspiring traders who have a scientific or strong common sense background would arrive at the conclusion that if they discover an edge in trading, it is the answer to everything. They think all these psychology stuff on trading are not necessary as long as they have an edge on hand. They think that they […]
David Allen: The Art of Stress-Free Productivity
By Lawrence
David Allen is a consultant and coach on productivity. If you find yourself overwhelmed by what you want to do but unable to handle them all, this talk is probably something you need to watch. One of his recommendations, not surprisingly, is to write down your thoughts and tasks. From there, Mr. Allen presented a […]
Tom Jacobs and John Del Vecchio: What’s Behind the Numbers
By Lawrence
Google Talk on the book What’s Behind the Numbers by the authors. Note: It is 1 hour 16 minutes long. I choose this video because it is a great alternative if you find reading the book is too time consuming. If you are interesting in trading stocks (and the indices), their work can convince you […]
