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Gav's trading blog - Perseverance, Consistency, Confidence

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Trading Lessons

14 Critical Lessons for trader

by Gav Leave a Comment

Here is another great free resource which I thought it is worth mentioning here.

EWI team has compliled 14 of the very best lessons from their Trader’s Classroom Collections and put them into one valuable 45-page report. And it is available for free until 16-Feb-2010.

Some the of the key chapters include:

  • Why Emotional Discipline is Key to Success
  • When to Place a Trade
  • How to Use Bar Patterns To Spot Trade Setups
  • How To Calculate Fibonacci Projections
  • The Best Place for High-Opportunity Trade Setups
  • Download full report here

Give it a shot  and grab the chance to put this collection into your library while they’re free. Check it out.

Filed Under: Trading Lessons Tagged With: Trading Lessons

Video: Who moved my cheese?

by Gav Leave a Comment

Update [12 Jan 2010]: Apparently, the video has violated some copyrights issues and has been removed. Anyway, check out the book, it is definitely well worth the time.

……………………………………..

[Original post]

I read the book years back. A simple story but reveals profound truths about change. It applies to life and, of course, trading.

“It is time to move on!”

Check it out. and enjoy!

Filed Under: Trading Lessons Tagged With: Trading Psychology, video

Tharp Trader Test

by Gav

I recall I posted this test sometime ago, I thought it might be useful for new readers of this blog. Dr. Van Tharp designed a short online test to introduce trader to some of the issues that might affect his/her trading. Anyway, no harm give it a shot.

Tharp Trader Test

Here is my result:

[gview file=”https://tradergav.com/wp-content/Photos/2010/01/Detailed-Trader-Report.pdf”]

Filed Under: Trading Journal, Trading Lessons Tagged With: Trading Lessons, Trading Psychology

Reading: Options for the beginner and beyond

by Gav Leave a Comment


I have been wanting to look into options trading for a long time. I should admit that, it was just pure laziness that stopped me from doing so.  I know how important it is to understand and implement options as part of my overall trading strategy.

So, this year’s Christmas, I bought myself a kindle version of Options for the Beginner and Beyond by W. Edward Olmstead. I need something to get me started from the basic. My understanding of options trading now is pathetic. I have been reading the first 3 chapters, and still going strong.

I am pleasantly surprised by this book and Dr. Olmstead’s writing style. It is easy to read, especially for options noob like me.

Filed Under: Trading Lessons Tagged With: book review, options

Studies of Bar Patterns

by Gav 4 Comments

barpattern_EWI_sample

Here is another great free resource from EWI.
EWI recently released a free report on Bar Patterns, in which I think it is worth to download and have a read. The report shows ways you can use common bar patterns to spot high-probability trading opportunities with 30 charts across 15 pages. Check it out while it is still free.

Here is the short summary of the report:
How to use bar patterns to spot trade setups

  • Double inside Bars
  • Arrows
  • Popguns

How to make bar paterns work for you

  • The Three-In-One Bar Pattern
  • Forward and Reverse
  • How to use an outside-inside reversal to spot trade setups

Full report here

    Have a good trading week!

    Filed Under: Trading Lessons, Trading Tools Tagged With: FX, Trading Lessons

    Quote from Victor Sperandeo

    by Gav Leave a Comment


    In his book Trader Vic: Methods of a Wall Street Master, Victor Sperandeo mentioned:

    As an aside, I want to point out that although this period of intensive study helped me immeasurably in my ability to call the markets, it cost me substantially in my personal life. My daughter, Jennifer, was at a crucial formative age (3 to 5), and I spent almost no time with her. I would get home from the office, eat, and go straight back to work in my study. When she came into my office, I would shoo her away impatiently, totally ignoring the fact that she needed her father’s attention and love. It was a bad mistake that both of us are paying for today. If I had to do again, I would draw out the study period and give Jennifer more time.

    After reading this paragraph, I have been doing a lot of thinking. I’m not sure if this is a common mistake among traders, I, sometimes, make the similar mistake. We know this business requires a lot of time, effort, attention, but our loved ones require more.

    Just being a little bit emotional. Anyway, this book is really a good read. If you haven’t done so, go and get one.

    Filed Under: Life, Trading Lessons Tagged With: Life, reading, Trading Lessons

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