By tapereeder on March 6, 2008
If you put on a trade and your heart starts pounding, you are *not* ready to trade yet…Some people who aren’t ready to trade have other problems as well: 1. Pulling the trigger to get in 2. Staying with one trading strategy long enough to judge it 3. Letting good trades go bad Day trading [...]
Posted in Develop Your Skill
By tapereeder on March 6, 2008
It takes some time to learn my method of trading because it’s based on tape reading and getting a “feel” for the market. This is *not* about a fast,easy formula to “get rich quick” while you sweat out every trade. Instead, this is about developing confidence and trading consistently without fear and without big draw [...]
Posted in Develop Your Skill
By tapereeder on March 6, 2008
A lot of traders, especially new traders, are looking for a list of simple trading rules to follow. “Rules-based trading” is better than an undisciplined approach, that’s for sure. But simple mechanical rules have not worked for me. Like every successful discretionary trader, I’ve learned to recognize a group of high probability situations (or setups) [...]
Posted in Develop Your Skill
