Have you watched “Star Trek: The Next Generation”? One of my favorite episodes is when the Enterprise gets into a battle with The Borg. The USS Enterprise is getting hammered. Fires are breaking out, sparks are flying everywhere and people are running around screaming. Then there’s the Captain Picard, sitting in the Captains chair, confidently doing the tasks that will … Read More
Risk Tolerance VS Risk Capacity
To be successful at trading, long term, it’s extremely important that our risk tolerance is in line with our risk capacity. Risk “tolerance” has to do with the amount of draw down we can withstand prior to the loss psychologically effecting our trading. Risk “capacity” has to do with the amount of draw down we can withstand prior to the … Read More
Trading with Fear and Anxiety
It’s important to understand the difference between fear and anxiety when we’re trading. Legitimate fear is our friend. Legitimate fear serves a warning to tell us something’s wrong. It’s the signal to be alert , to review our positions and plans. If we find something wrong, we can fix it. If not we let go of it and move on. … Read More
Six Reasons Traders Fail That Most Traders Don’t Think About
1. Lack of direction. Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for failure. 2. Impatience. This occurs when traders try to accomplish too much too soon, or expect to get results far faster than is truly possible. … Read More
Why set goals? Not just in trading but in any part of life?
“Top scientists estimate that we’re bombarded with over 400 billion bits of information every second. There is no way we could possibly pay attention to this much information. It would literally drive us insane. In fact, we are only capable of consciously processing approximately 2,000 bits of information. That’s only 0.0000005% (5 ten-millionths of 1 percent) of the world around us. This means that we … Read More
John Locke – Weekly Market and Position Update for August 11, 2013
John Locke Be sure to visit our trading blog! www.lockeinyoursuccess.com
John Locke Weekly Market and Position Update for August 5, 2013
Be sure to visit our trading blog! www.lockeinyoursuccess.com
John Locke Weekly Market and Position Update for July 28, 2013
John Locke Be sure to visit our trading blog: www.lockeinyoursuccess.com And check out this video! http://www.smbtraining.com/blog/yesterdays-option-tribemay-and-june-bearish-butterfly-strategies