We all want to make money. After all, isn’t that why we subject ourselves to the stress of trading? One thing I have learned while balancing a trading career with a teaching and lecturing schedule that would kill a lesser man, is that there will always be opportunity in the markets. All too often I see new students leaving the class, armed with trading knowledge and live trading experience, all too eager to jump on any trading opportunity that crosses their path. Inevitably this leads to financial disaster.
I was there once. I left the Online Trading Academy class in 1998 ready to take on Wall Street. Quickly the market humbled me as I realized that I had to choose my battles. I can only hope that you will take these words to heart and avoid many of the same pitfalls and setbacks I experienced early in my trading career. I used to fall prey to the lure of a fast moving trend, beckoning me to jump in head first only to… Continue Reading