Unconscious Trading Bias?

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Posted on 18/05/2023 by Martin

Do You Have an Unconscious Trading Bias?

Have you ever given any thought to how you behave and react when in front of your Trading Platform screen?

Perhaps you are hesitant to commit to trades - to actually be able to pull the trigger at the right time. Or perhaps you are trigger happy and a bit impetuous, when it comes to taking trades, seeing opportunities everywhere and having multiple trades open at the same time. How big are your position sizes, how many positions per trade and what % of your trading account do you risk on each trade and what % do you risk in open trades, which are not yet at Break Even or better?

Most traders are either driven by Fear or Greed, which camp do you feel you fall into?

Passing a Prop Firm’s Evaluation – Some Suggestions

Posted on 30/03/2023 by Martin

Following on from my previous Blog Post: ‘Typical Stages of Trader Development’, the next natural topic would be ‘How do you actually pass a Prop Firm Evaluation?’ Here are some trading tips which might be of some use.

Firstly you have to find a Prop Firm that matches your style of trading. Are you a Position Trader, a Swing Trader or an Intraday Trader?

Do you need to have the ability to keep your trades open over weekends and for several weeks or even months? Some firms will accommodate this and others won’t.

Typical Stages of Trader Development

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Posted on 16/03/2023 by Martin

Typical Stages of Trader Development - For some time now I have been acutely aware of the unrealistic expectations of people who come into trading, thinking that they are going to be able to pick it up quickly and make a rapid fortune! The reality is vastly different. Here are my thoughts on what that reality is.

The typical starting points are: