When you think of a large cruise ship and the way that it’s run. Who runs the ship, the captain or the crew? If you’re like most people you would say the captain….. and you’d be wrong. As you think about all the things that need to be done on the ship, keeping the engines running, taking care of all … Read More
Lesson 6: Luck versus Skill
You Need To Understand The Role of Luck and Skill In part 6 of my 7-part series on Lessons I’ve Learned, we will look at luck and skill. In order to be successful taking risk in the markets, you must understand the role of luck and skill. From that understanding, there will be several implications for your actions and how … Read More
A Smooth Sea Never Made a Skillful Sailor
People are made for challenges. When we respond to challenges, we become alert. As we move and think to overcome those challenges, we build physical and emotional muscle. We open up our bodies and minds to new possibilities. We learn and grow at an astounding pace, becoming stronger and creating amazing things. In the absence of challenge however, the opposite … Read More
Super Trader!
Being successful at trading is really quite simple. Follow a certain set of principles over an extended period of time and eventually you’ll produce great results. Unfortunately learning, and more importantly applying, those concepts can be quite challenging. This is especially true when the process is approached with the wrong psychology. And if you think about it isn’t it … Read More
Lesson 5: Review and Tweak
Continuing the series “7 Lessons I’ve Learned”, we come to Lesson 5: Your Path To True Mastery Will Require Extensive Reviewing and Tweaking. In order to be the best, you need to constantly review your performance and look for improvements that you can make. Typically, these will be a series of small, incremental steps and changes—“tweaks”—rather than sweeping, wholesale changes. … Read More
Options Trading for Income with John Locke for December 8, 2014
No relevant positions Risk disclaimer A great way to improve your trading results is by keeping up to date with the latest trading techniques and current market conditions! Click HERE and join me every Monday at 9 AM EST for our free “Options Trading for Income” Webinars! Where you get expert analysis of the markets and the opportunity to follow … Read More
Options Trading for Income with John Locke for December 1, 2014
No relevant positions Risk disclaimer
Don’t Lose the Trade Before You Enter It
Trading is similar to playing sports at an elite level, they‘re both mentally demanding. In fact it is quite common in sports for a highly gifted athlete with a compromised mindset to lose miserably against a much less talented competitor utilizing the proper mindset. Trading is the same way. You can know everything about charting, indicators and options. You can … Read More