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.
Here is my result:
[gview file=”https://tradergav.com/wp-content/Photos/2010/01/Detailed-Trader-Report.pdf”]
by Gav 4 Comments
Joe Ross posted a link on twitter with title ‘A simple Idea to improve your trading’. I thought it is a good reminder to all my readers here. And I certainly agree with the quote below, and being disciplined in trading methodology execution was and is the key of my consistency.
I feel certain that my discipline in executing each and every trade according to my trading methodology is the secret to my success. If you want to improve your trading, what you need to do is very simple. Before you enter any trade, imagine that you will have to explain this trade to a panel of your peers, by explaining to them the reason for your entry, your money, trade, and risk management guidelines, and why you exited the trade. Imagine having to explain why you chose this particular market and this particular time frame, along with how you set objectives for the trade, and how you determined where your initial protection would be. If you can truly do this, I strongly believe that you can be successful.
by Gav 13 Comments
I read a recent blog post on TraderFeed. This caught my attention, echoing my mind.
Traders need to develop ways of seeing markets that are unique to them, that make sense for them, that fit their risk tolerance and lifestyle, and that best make use of their skills and talents. Simply giving traders ideas could actually stunt their development, much like doing a child’s homework for them.
An important challenge in trading is that there is typically more valuable information streaming from markets than a single individual can reasonably process on their own….
That is the main reason why I hardly, or never use service like Stocktwits. OK, I am not against Stocktwits. It is a brilliant idea from some entrepreneurs. But, is it really useful for trader’s development? Well, Caveat emptor. Personally, I do not find it to be useful for my own development. To me, it is just a stream of random tweets, good or bad of so called ‘trading ideas’, valuables and junks, marketing of premium services, repeated links etc. But, this is just me. I believe, some users are finding it to be helpful to them. By all means, go for it. I’ll leave it to you to decide, and please, do not try to argue in the comment why I am wrong. I don’t care.
Instead of wasting time following somebody, I guess, it will be better off for trader to be away from social networking, and develop his own view, own way of seeing markets. With that skills, then the streams of tweets might give you some good ideas.
by Gav 14 Comments
This is one of my favourite movies. This is the scene where Chris (Will Smith)takes his son, to play basketball and tells him to never give up on his dreams.
This is another great video from TED. Matthew Childs talked about 9 life lessons he learned from rock climbing. Good stuff for your weekend. Check it out.
A nice video for the weekend. In fact, I found some similarities to trading. Watch it carefully, you might find some wisdoms for your trading. Enjoy!
