Everyone is looking for the secret to success in trading. Two of the key components of being a successful trader is having a well-developed TradeBook and being in control of your emotions. How though do these two components interact with one another? Join Mike for a discussion on how having a solid TradeBook will help with handling your emotions. ...
Success in trading can be summed up in a simple formula: develop a technical edge and the psychological stability to consistently apply it while managing risk. Sounds simple, but the process isnât easy. Specifically, the more performance pressure you feel, the more vulnerable you will become to emotion-driven ideas and behaviors. But pressure, per se, isnât your enemy. Tennis legend Billie Jean King famously said: âPressure is a privilege.â In fact, good pressure activates the...
As you approach a new year, it is important that you take some time to either develop an education plan for the upcoming year or refine your existing one. Join Carlos as he dives into the various components of an education plan and then explains exactly how you can go about developing an effective education plan that will help you to achieve your trading goals for 2023. ...
Dear Traders,I am flying back to Vancouver from Dubai today and missed trading, but once I am home, I will be trading from the office and getting ready for a week of mentorship at Peak Capital Trading. This morning, Thor and Brian traded live, and both had a good day. You can watch their recap here. Sometimes I ask myself whether any of the people who I encourage and inspire to become a trader actually succeed...
Dear Traders,The market is amazing for traders these days! I am so happy that I survived to see all this volatility! QQQ ripped higher - over 7% in one single day! TQQQ is up over 23% in one day. The inflation numbers came in better than expected, the USD is dropping, and the market is ripping. I unfortunately missed trading on Thursday, but today was incredible with META and BABA. You can watch the recap...
Dear Traders,Elon Musk is perhaps the most stressed- out person in the universe. After having to buy a declining social media platform with massively overpriced stock, his Tesla shares are also losing value. Tesla made a new low this morning, toward $187, before bouncing back. Brian and I made an amazing short on it live. You can watch our recap here. Elon Musk is paying $1.2 billion interest annually on his loan, losing $4M per...
Have you suddenly hit a trading slump? Have you noticed youâre taking on more risk than usual or breaking your own rules? Thereâs one underlying issue that holds even the best traders back from making the returns theyâre capable of making. What is it? It is the invisible pull to fill some underlying human need through your trading. In this interactive talk, Kim Ann Curtin will walk you through The Universal Needs every trader has...
How many times have you taken a rough loss because you were consumed by a fear of losing? Learn about the origins of your dislike of losing so that you can interrupt its destructive cost to your trading. And learn about coming to a new understanding about both winning and losing that can set your trading free â so that your fear of losing no longer sabotages your trading potential. Come find out how. ...
Dear Traders,I am writing this newsletter from Croatia. It is a beautiful part of the world and I have been enjoying some running and visiting. I am sorry about missing trading and recaps last week. It was because of my travelings and our Florida meetup. Thank you to everyone who joined us at our first ever LIVE trading workshop. It was awesome to see everyone, to meet family members, and to trade together live for a...
Dear Traders,My favorite 2021 trading incident was the GME short squeeze, when retail traders on the WallStreetBetsâ Reddit all came together and squeezed GME from $5 to over $120. Melvin Capital, the fund that was primarily shorting GME, was destroyed, and Robinhood and many other brokers had to halt trading.Today, GME started running again in the pre-market, and Jarad and I traded it for a long. It was a really nice trading day for me,...