I have two important lessons for you today. The fifth and sixth lessons in the Traders Whiteboard series are perhaps the most overlooked aspects to successful trading. Lesson 5 delves into how important it is to have a game plan for all your trades. Look upon a game plan as you would look upon a compass to guide you through a forest. The use of a game plan in trading is extraordinarily important and this lesson will show you why.
Lesson six explains how the markets really work and how moves are formed and developed. I call this lesson "The Irrefutable Laws Of The Market". I want this lesson to be the last lesson in this 6 part series simply because I thought the other five lessons were more important to master before understanding a more esoteric view of the market. [Read more...]