Patiently Waiting For Financial Success

Most of us have probably imagined how great it would be if we could get rich quick. That does sound great, but unfortunately, it’s this type of thinking that gets many traders into trouble. To make money trading, patience is one of the necessary ingredients. First, we have to build our trading skills, then save…

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As Investors, How Can We Use Directors’ Transactions?

Following the lead of directors isn’t going to instantly make us money, however, the information we get from the trades they make can give us valuable clues as to where companies are heading (or where they’re not). Just as any other information we receive about a company, we need to carefully analyze the transactions made…

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Repeating the Obvious

A common characteristic that we often see among traders is that we tend to repeat our mistakes. We stray from our risk limits, hold losing trades longer than we should and sell even though our trading plan says not to. Of course, everyone makes mistakes, but especially in the often difficult world of trading, we…

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Holding on to False Hope

Mark Douglas in “The Disciplined Trader” makes the suggestion to “execute your losing trades immediately upon perception that they exist. When losses are predefined and executed without hesitation, there is nothing to consider, weigh, or judge and consequently nothing to tempt yourself with. There will be no threat of allowing yourself the possibility of ultimate…

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The Small Obstacles That Hold Us Back

One of the biggest obstacles I have seen new investors come up against is an inability to follow a trading plan. As novices, we often question why we can’t stick to it and after a while, many of us come up with a whole host of reasons. Maybe we think that we aren’t worthy of…

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