
Sign up to save your podcasts
Or


Subscribe to the show
Trading is too hard to be great at everything - you need to pick one thing and focus on it.
Most trades represent sub-optimal risks, so you should be eliminating as many names from your list as possible.
They all don't represent opportunity, so delete them. (How does that feel?)
You can further simplify your risk management by using Stop orders.
They are the Swiss Army Knife of trading.
Focus on one asset class and one trading style therein.
Lastly, I would learn a longer-term trading strategy as there is more proof in the public domain that they work better than daytrading or short-term strategies.
You can learn those later but start with a longer-term strategy, get good, and build your confidence, and then work on the short-term tactics if you want.
There are more successful traders trading longer-term strategies than day traders. Remember, the losers don't show up. They are out working other jobs now.
Click here to get your free copy of The Inner Voice of Trading audiobook.
By Michael Martin4.9
109109 ratings
Subscribe to the show
Trading is too hard to be great at everything - you need to pick one thing and focus on it.
Most trades represent sub-optimal risks, so you should be eliminating as many names from your list as possible.
They all don't represent opportunity, so delete them. (How does that feel?)
You can further simplify your risk management by using Stop orders.
They are the Swiss Army Knife of trading.
Focus on one asset class and one trading style therein.
Lastly, I would learn a longer-term trading strategy as there is more proof in the public domain that they work better than daytrading or short-term strategies.
You can learn those later but start with a longer-term strategy, get good, and build your confidence, and then work on the short-term tactics if you want.
There are more successful traders trading longer-term strategies than day traders. Remember, the losers don't show up. They are out working other jobs now.
Click here to get your free copy of The Inner Voice of Trading audiobook.

3,371 Listeners

1,994 Listeners

590 Listeners

2,685 Listeners

103 Listeners

2,169 Listeners

806 Listeners

223 Listeners

2,646 Listeners

357 Listeners

298 Listeners

58 Listeners

9,951 Listeners

64 Listeners

29 Listeners