I was reflecting on a conversation from one of my recent Enlightened Stock Trading Certification Program coaching sessions and this message really came home to me. I really felt like it is just so important for you to understand, so I made this quick (super casual)...
Heaps of trading websites and system vendors promote their ‘high win rate trading systems’ or advisory services. The reality is the percentage of winning trades is one of the least important factors in your trading profitability. Expectancy of your stock trading system is far more critical and you should focus on this rather than pursuing trading systems with a high percentage of winning trades.
What is possible and realistic depends very much on YOU – your skills as a trader, how good the trading system is and how much risk you can comfortably take on.
When I first started, my objective was to ensure that I didn’t lose all my money! Now my objective is significantly more optimistic than that…
Trading mistakes have a disturbing impact on your ability to make money trading the stock market. Just like climbing a mountain, if you put one foot wrong you could loose a lot of ground…and get injured in the process. The same is true of your trading account.
Why do so many stock traders have trouble pulling the trigger and following through on their trading system development and execution? In this interview with Clinical Psychologist and Trader Dr. Taka Endo we uncover the reasons…and what you can do to avoid these problems.
I asked a large group of stock traders what their worst trading mistake ever was and got a huge number of responses…but they all boiled down to these 18 killer stock trading mistakes. Avoid these and you will be ahead of the majority of traders who lose money…but knowing what the mistakes are doesn’t solve your problem – you need a solution…so I have offered a solution to each of them as well! So here are the 18 biggest trading mistakes that came up…
I asked a large group of stock traders what their worst trading mistake ever was and got a huge number of responses…but they all boiled down to these 18 killer stock trading mistakes. Avoid these and you will be ahead of the majority of traders who lose money…but knowing what the mistakes are doesn’t solve your problem – you need a solution…so I have offered a solution to each of them as well! So here are the 18 biggest trading mistakes that came up…
Private stock traders have a very distinct advantage - are you taking full advantage of them? The video below is an extract from a webinar that I did in preparation for a speaking tour in India a while back and the ideas are really worth sharing...so I am posting it...
It’s Adrian Reid here from Enlightened Stock Trading and this week I had the really bizarre experience of being a learner after doing something for thirty years straight. I’ve skied for a long time since I was a kid but this year, we’re in the Canadian Rockies. I...
Have you ever wondered why, despite all of the cool tools, the sophisticated analytics, and the huge amounts of data, why most private stock traders still can’t make money in the market, and don’t have systems which are consistently profitable? The reason came to me...