I was talking to a friend of mine who reminded me that many people think of discipline as something harsh - or even worse, as a punishment. The truth of the matter is that discipline in trading is nothing more than creating a routine and sticking to it. It is about creating a system that can ... Read more

Do you know any trader who overtrades? Do you know him/her intimately? Overtrading is the most common challenge of trading and source of loss. Do any of the following scenarios sound familiar? After a few wins, you become overconfident. You start taking trades immediately, ... Read more

I was in Vegas speaking at the Trader's Expo held in mid-November. There were a lot of exhibitors, speakers and attendees. All were talking about how traders and investment managers could make more money. There were various systems, numerous indicators to use, and various news sources to list ... Read more