The Proper Way of Gauging Your Trading Success | | |
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Success is a formula, not a fantasy.
There's just no way that we're going to be able to win all of our trades — no matter how hard we try, it's simply not going to happen.
So how do you gauge how good or bad you are at trading? Obviously, if you're making money you're doing well, and if you're losing it then you're... not doing so well.
But how do you gauge that? Misjudging success is a huge mistake that I see new traders make all the time.
If we know that we're always going to have a losing trade every once in a while along with the winners, then the next step is finding the metric behind it.
The best way that I like to judge my success is by taking a look at my last 10 trades… | | |
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 | How Elite Traders Become Elite
| September 22, 2020 | If you're like me, then you weren't born with a silver spoon in your mouth. I grew up learning that if you wanted to get anywhere in life, you had to work for it — hard. That mindset has stayed with me even after over a decade of trading and plays a major role in my success.
Continue Reading | |  | Will Nasdaq Support Hold or Will It Come Crashing Down?
| September 24, 2020 | Over these past four months, I feel like the Nasdaq has really been spoiling us: Using this trend line, we've been able to basically win every single trading opportunity that came our way. And that's usually how things work when the Nasdaq is on an upward trend like the one I'm seeing on my charts.
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