You know this: Cut your losses and ride your profits. But when the time comes, you do the exact opposite! Why? Because of your trading psychology. When you’re supposed to cut your losses, you hold onto your losses… hoping it turns around so you don’t suffer a loss. When you’re supposed to ride your profits, […]
The 7 Brutal Truths: Why You Should Not Be a Trader
Let me ask you… Why do you want to be a trader? You want financial freedom. You don’t want to answer to anybody. You want to be your own boss. You want to make money. You want a passive source of income. Now you’re probably wondering: “Is it possible to achieve all these from trading?” […]
How a 108kg Fat Kid Who Sucked at Studies Became a Happy Trader
I was fat. Books hated me for drooling saliva on it. I almost got retained in secondary three as I only pass 2 out of 7 subjects. Chicks avoided me like the plague because I took up too much space everywhere I go. Obviously, I was in a position you wouldn’t want to be in. But I changed […]
6 Biggest Reasons Why Most Traders Fail, And How You Can Avoid It
If you haven’t heard, the failure rate of traders is extremely high. Based on what I see, for every 10 traders that attempt only 2 will be consistently profitable (being optimistic here). In this post I share with you the 6 biggest reasons why most traders fail, and hopefully prevent you from being one of them. So what is […]
How to Overcome Your Fears in Trading?
Do you hesitate to place a trade after losing 5 in a row? Do you fear that your account will eventually blow up? Most brokers and marketers want you to think that trading is easy. You click buy, the price goes higher, and you sell. Profit. But in reality? Your fears in trading are one of the biggest hurdles to […]
My Story: How I Lost 50% of My Capital Before Turning Into a Profitable Trader
When I was 20, the first book I read on investing was “Buffettology“. It explains how the world’s richest investor, Warren Buffet selects companies to invest in. I was fascinated by how a man could be so wealthy by simply picking the right stocks to hold for the long run. Who wouldn’t? After reading Buffettology, I was […]