Unconscious Trading Bias?


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?  

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Passing a Prop Firm’s Evaluation – Some Suggestions

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.  

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The Fine Line of Trading

The difference between being a consistently profitable trader and a inconsistent or losing trader is a fine line. To stay on the Profitable side of the line requires a trader to have mastered the many facets of trading, including planning plus employing robust risk and money management and be very structured in their approach to the markets, by having a pre-determined set of rules they will apply and adhere to at all times.

By developing a proven structured approach to trading, a trader starts to stand a chance of being profitable. By having structure, rules and plans helps the one tricky area of trading which is the Trading Psychology or Mindset aspect.

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