If you had no money and I gave you one dollar, would you consider yourself financially wealthy? Most people would say no. What if I gave you $40 million instead? Would you consider yourself financially wealthy then? The answer is probably “yes”. Therefore, this means if I kept giving you…

Lack of sleep is probably affecting your trading in ways you weren’t even aware of. Everyone knows poor sleep can have harmful effects. It leads to more illnesses, worse overall health and deficits in cognitive processes like concentration, attention and memory. Sleep loss can even lead the brain to start…

Trading is tough, especially when doing it around other full-time commitments. The key to succeeding is to find the right balance. There’s a misconception that to succeed at trading it needs to take up all your time. It doesn’t. Too many people are attached to the charts unnecessarily, and it’s…

A big part of trading is a mental game, but the chances are your mind is working against you. You might have hoped your inner voice would be on your side during the ups and downs in the markets. Guiding you, providing mental clarity and helping you navigate the uncertainty…

Whether you hate him or love him, George Soros is still one of the greatest traders of all time and we can learn a lot from what he does in the markets. In one of his books, he’s asked about his analytical ability and he says, “I am not a…

Although learning to trade can be fun for many people, it can also feel frustrating as hell. Why is that? With most other complex skills, your development involves performing in environments that match your ability level. You start off being surrounded by beginners, then as you develop a bit further…

A statement I hear from traders all the time is: “I’m willing to do whatever it takes to succeed at trading.” Are they though? …Really? In fact, sometimes people tell me: “I’m doing everything I can to succeed at this”. But their actions don’t reflect that in any way. For…

Everyone knows the trading axiom: ‘cut your losses and let your profitable trades run’. Yet so many traders have a hard time sticking with it. In fact, this issue has its own name: the disposition effect. Several studies have found that investors have the tendency to hold onto losing positions…

In most situations in life, there are things we can control and things we can’t. This is especially true in situations that involve other people; we can account for our actions but not theirs. For example, an Olympic athlete might want a gold medal, but whether they get one or…