Visualizing Large Windfalls

Most people, when asked if they are comfortable making a large amount of money, will quickly tell you, absolutely, no question about it. But you know what, very few people are really comfortable with it in their subconscious. This is because most people's idea of how long it takes to make a certain amount of money is very ingrained in their minds. Believe it or not, most people will unconsciously give back their large winnings because they really aren't comfortable with making money as quickly...

The Tale Of Two Traders

Ned is an off-the-floor trader who day trades the S& P 500 Futures. He's been trying to be consistently successful for the last six months. Unfortunately, it hasn't worked out very well. But it's not because of his methods that he's having so much trouble. No, the main reason Ned is not making the kind of money he wants is because he cannot control his emotions and consistently act in his own best interest. From the very beginning, Ned was confident he would be...

Flawless Execution

Many people get confused and think that flawless execution means always selling near the high and buying near the low. It doesn't mean that at all. No, in fact I think it will be very rare in almost all of your trades for you to buy near the low and sell near the high. You don't need to buy the low and sell the high to make money in this business. What flawless execution means is acting on an opportunity (either getting in or out of a trade) the moment you see that it's an opportunity without...