Tradersvoices

Tradersvoices

This is a personal note to myself. I am starting to understand the traits of a successful and professional trader. Less important is the understanding of the charts and risk management. These things are simple enough to learn. More importantly is that I've come to understand myself. I've learned why I was not patient. I learned why I keep oversizing. I learned...

Tradersvoices

This is a personal note to myself. You know you do this - day dreaming about how high the chart is going to go when you're going long. You start wishing and hoping that the price will just keep rocketing up in your favor. 1 points, 2 points, 3 points in profit. Who knows where else it could go, maybe 30 points! You're now 10 points in favor. You move your stop...

Tradersvoices

This is a personal note to myself. It's okay to be proud and happy of your accomplishments - whether in life or in trading. You should be. You are doing things that many others would not. You are playing the world's greatest game - Speculation. As such, on the times when you win, it's okay to pat yourself on the back. Some things you have to be careful with is...

Tradersvoices

This is a personal note to myself. Imagine the amount of money you could have saved if you simply stopped. The aim of this game isn't necessarily to make money - it's more to keep it. You will feel by not trading that you are "missing out". However, what is actually happening is that you are "missing losses". If you trade with the NEED to be in something then...

Tradersvoices

This is a personal note to myself. Patience wins. After sometime in the markets, you are able to "see" winning set ups. You're now able to stay in trades and ride them. You're no longer moving your stop losses or not setting one. The last issue to tackle is the ability to wait. Far too often you took a win on a set up just to try and reverse it to lose more than...

Tradersvoices

I'm not saying anything new or profound here. This is mainly a reminder to myself. Today is a tumultuous day. Started off with a profit coming from yesterday's holdings. However, knowing that I should trade smaller and on a higher timeframe, whenever I look at charts, my old habits come back - overleveraging and overtrading. If I can make this much on a trade,...

Tradersvoices

A lot of emphasis is placed on how to trade. What the best indicators are, what the best R/R is. However, I don't see a lot of focus on WHEN you should trade. I don't specifically mean when to get in and when to get out. I mean what HOUR of the day should you trade? There are few factors to this: - When is the time that you are most alert and can focus on the...

Tradersvoices

I want USDJPY to consolidate or move slight higher on the asian session. Then I'll add to the position for a swing trade lower during London/New York trading session.

11:56

Tradersvoices

Your beliefs shape the way you live life. Change your beliefs, change your life.

11:08

Tradersvoices

Many new traders do not have trust in their strategy. This could be due to a number of reasons, lets delve deeper.

10:55

Tradersvoices

Please stop buying a random number of shares...

Tradersvoices

Vanity metrics are just that - vane.

Tradersvoices

As you grow, so does your risk.

Tradersvoices

It only takes a few consecutive trades to wipe you out. Ensure that never happens.

Tradersvoices

Preserve your capital or be forced to cease trading.

Tradersvoices

Do not mistake Win Rate for profitability.

Tradersvoices

It's how you use it.

Tradersvoices

Success requires a series of steps. Are you taking them?