Category Archives: Trading

How to find a trading mentor and why you need one

trading-mentor-how-to-find-one

When looking for the holy grail of trading, many people spend thousands of dollars on courses, seminars, strategies, books and of course trading capital trying to become consistently profitable. While some of these products can help, I still think they are not enough for most of us. Why? Because trading is a mental game and to teach one’s mind, you need three important components:

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5 essential metrics you can track using a trading spreadsheet

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Regardless of your level as a trader, I always believe that good record keeping either through a trading journal software or trading spreadsheet is required for anyone that wants to become successful in trading. These tools help you really understand what goes on with your trading performance from a statistical point of view removing all emotions, judgements and ambiguity from your analysis.

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How to become a trader

how-to-become-a-trader

I started trading back in 2001 when my college buddy recommended to buy INFA. I bought 200 shares at $14 and held it for two years selling it for $8. Thanks for the tip buddy! During the next few years, I wasted a lot of time and money trying to learn to trade by myself. All and all, I lost around $5K after “playing” for about 3 years before work. I took some time off and decided to give trading another chance, but this time a real chance. I started trading in a prop firm where I had all the necessary tools to succeed. Under this new environment, I had only 4 down months out of 48 during my trading career. Most importantly, I only lost about $1500 to reach profitability. Pretty big difference from when I tried to learn by myself.

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How can your trading mentor help you with Trademetria

trading-mentorship

I am living proof that training and mentorship are two of the most important pillars to becoming a profitable trader. When I tried to learn by myself back in 2001, I lost $10k and 3 years trying. When I joined a prop firm that offered training, mentorship, top tools and traders to talk to, I had 44 profitable months in 48. Big difference.

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Top ten mistakes made by beginning traders

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Mistakes are part of life, but if we don’t acknowledge that we make them, we are making another mistake. Like a race car engineer that needs to constantly learn from past mistakes to optimize car performance, you also need to constanly be aware of your past mistakes in order to adjust your trading strategies and profit from them.

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