Today I'd like everyone to welcome Larry Levin. Larry is a very well known trader and is often featured on CNBC and other financial television shows, and today he's going to be talking about one of the hardest things we as traders must do - pull the trigger! He's got some excellent advice that can be applied to all levels of traders. Please enjoy the article, comment below, and visit LarrysBook.com to learn more about Larry and check out his book.
Sometimes we can’t pull the trigger when we sense an opportunity in the market for one reason; we’re afraid! But we are not afraid of the market, we’re afraid of ourselves. Our fear comes from not trusting in ourselves to act in our own best interest.
You fear your inability to do what you need to do, when you need to do it, without hesitation. Being afraid causes us to freeze and makes us unable to pull the trigger to execute our trades. This causes missed opportunities, but the result of these missed opportunities is the real problem of not being able to pull the trigger.
Continue reading "Pulling the Trigger Exercises"
What do all successful traders have in common? Today Adam shares what might be the most important facet in trading like the pros. This last minute in the MarketClub Minute series is a "can't miss"!
Click here to view Lesson 8 in the MarketClub minute series and find out what will keep you from avoiding a common downfall of new traders.
Adam and The MarketClub Team
Today I've asked an old friend of Adam and mine, Jim Robinson who writes a fantastic Commodity Newsletter, to give us his breakdown of what it takes to be a successful trader. Please take time to enjoy the article, visit Jim's Commodity Newsletter, and please comment on what YOU think we need to know to be a successful trader.
I want to thank Adam for giving me this chance to be on the MarketClub Trader's Blog.
I am INO.com's #1 fan, so this is truly an honor and again thanks !
I'm just basically going to write down some things I feel you need to know to become a successful trader.
THINGS YOU NEED TO KNOW
Continue reading "Things You Need to Know to be a Successful Trader"