Blogs By Professional Traders

How to Accept Trading Losses and Their Importance in One’s Self-Development as a Trader

July 28, 2014

When I post articles discussing a day’s trading results, I have no issue going through and explaining losing trades. One reader actually expressed gratitude that I also discuss the trades that I lose. At first I thought it was a bit strange, given losing trades is simply part … more

Trading Around News Time

July 26, 2014

Trading when the news is released as a binary options trader can be risky.

In forex trading, managing risk is relatively simple in that you can adjust your stop-loss to a given pip value and if you’re wrong and your stop is hit then you’re out just a … more

Ten Essential Truths on How to Trade Well

July 25, 2014

This week, I haven’t had quite as much time to trade, although I provide up a write-up on Friday’s trading following this post. Consequently, I figured I would take a step back from the technical analysis articles and instead cover some topics and discussional tidbits that I often … more

Applying Multiple Time Frame Analysis

Multiple Time Frame Analysis, or MTA from here, is a well recognized form of technical analysis and one used by nearly every trader, even if they don’t realize it. I speak and write of it often, as does Cory, another of BONETS pro traders. While not a requirement … more

How to Avoid “Choking” While Trading

Not physically choking, but rather how do you avoid messing things up when the stakes are high, as they can be with trading?

Research at Caltech found that our brains are wired to experience a decrease in performance as incentives rise. This is contrary to what most of us would intuitively think — … more

Using Golf Swing Thoughts to Improve Trading

When I first started golfing about 20 years ago I had to make a lot of improvements if I wanted to become good. I read loads of books and then would go to the driving range.

At first I became even worse as I tried to think about the hundreds of … more

Trading Psychology, Discipline, and the Importance of Overall Balance

July 24, 2014

Oftentimes, the biggest hurdle any trader has in becoming successful at the pursuit is overcoming himself. The ability to manage one’s own mentality is instrumental in determining whether one can become successful over the long-run. You may have heard the assertion that trading is “1/3 strategy, 1/3 money … more

How to Effectively Trade Against a Trend

July 23, 2014

The EUR/USD was stuck in a rut during Wednesday’s trading and nothing looked even remotely close to providing a solid trading opportunity. So I hopped over to my back-up pair, the GBP/JPY, which did have some interesting action going on. And just as a side note before jumping … more

Find the Best Trades by Comparing Multiple Symbols on One Chart

You’re trying to juggling watching multiple charts and you find you are missing trades because there is too much going on. Or maybe you are watching several assets but only want to buy the strongest or sell the weakest. In either case, to make life easier, you can watch multiple … more

Fibonacci, Reading The Retracements

I know, I know, all of you who have read my previous posts are thinking, “didn’t he say that Fib’s are not signals?” It’s true, I have and it is correct. Just because price action has reached your Fibonacci Retracement level it does not signal an entry. You … more

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