by Fred | Sep 29, 2020 | Trading Psychology, Trading Strategy
R and R-Multiples R (aka R-value) and R-multiples is a concept developed by Dr. Van K. Tharp., the well-known professional trading coach who wrote several trading books such as “Trade Your Way to Financial Freedom” or “The Definitive Guide to Position Sizing”. So what...
by Fred | Jul 1, 2019 | Trading Psychology, Trading Wisdom
10 years ago, I lost a whopping $700k in the market. That was 70% of all the money I had at the time.The details are not that important, but it is something 99% of traders went through, or will go through: a mentally devastating loss. To add pain to injury, as you...
by Fred | Oct 20, 2018 | Trading Psychology, Trading Way of Life
THE GAP Most traders who have been struggling for several years often already know what they should be doing in order to turn their trading around. – They know they should have a complete trading strategy – They know they should have well-defined money...
by Fred | Aug 19, 2017 | Trading Psychology
Cognitive Biases We all have a tendency to think we are right most of the time, even when we are wrong. This is caused by what is known in psychology as “cognitive biases”, and it often results in bad trading decisions, which over time results in...
by Fred | Jul 29, 2017 | Trading Psychology, Trading Way of Life, Trading Wisdom
Are You Currently Struggling As a Trader? Are you currently, despite having some good trades, losing money overall? Don’t worry. You’re not alone. You’re actually in the vast majority. It is a well-known fact, backed by several studies that 80% to...
by Fred | Jul 9, 2017 | Trading Psychology, Trading Strategy
Conventional wisdom often produces conventional results. There is a common advice given to new traders who are struggling to find a trading strategy: “Find a strategy that suits your personality” This is in my humble opinion a wild oversimplification and...
