Trading Posts

Emotional Control In Trading

Emotional control in trading is the anchor that holds the entire strategy together. Without it, even the most meticulously planned trades can go awry. In our recent podcast / post, we explore how you can cultivate emotional control to navigate the volatile markets.

Understanding Trading Emotions

Trading isn't just a test of your analytical skills; it’s also a test of your emotional resilience. The market is always changing, and so must your strategies and mindset. The first step towards mastering emotional control is recognizing that change is constant. Thoughts and routines might remain stagnant, but the market doesn’t wait for anyone. You must be ready to adapt and evolve your trading plan as well as your mentality in order to succeed in this industry.

Readiness for Change

1. Awareness: The journey begins with awareness. You must recognize that something in your trading approach or mindset needs to change. This awareness often comes after experiencing pain or ...

How To: Treat Trading Like A Business

Podcast ep 15 - This post is a summarized version of our PODCAST which you can find the episode by clicking this sentence.

Trading can’t be treated like a hobby, there is no “dabbling” in the markets if you want to be a trader. It must be taken serious as businesses do. After all, we are handling a lot of money. Here are 10 tips in ways to traders can treat their trading like a business. And if you need to hear it….FOLLOW YOUR PLAN, Aloha.

10 tips

Journal

All business has books, keep a record of everything (tax purposes even expenses even if you aren’t a business yet, get into the HABIT of record keeping).

2. Make smart decisions

Don’t go and buy all of the fanciest trading software, news feeds, computer power, don’t need a personal assistant in your first year of trading. Keep your expenses small and invest in your learning.

3. Stoic

Keep your emotions out of your TRADES! When trading, don’t trade off of emotions. Businesses (generall...

Changing Your Language

Change Your Language, Change Your Life

The Power of Language in Trading Success

Embarking on a journey to become a full-time trader is as much about mindset as it is about strategy and execution. One of the most transformative aspects of this journey is the language we use—both internally and externally. Changing your language can significantly impact your trading success and overall lifestyle.

Setting Up a Proper Timeline for Trading

1. Education and Practice Phase (6-12 months):

Focus on learning trading basics, developing strategies, and using demo accounts.
Aim to understand trading mechanics and test strategies without risking real money.

2. Initial Live Trading Phase (3-6 months):

Start with a small live account to gain real market experience.
Focus on consistency rather than immediate profits.

3. Evaluation and Scaling Phase (6-12 months):

Analyze your performance and refine strategies based on live trading results....

Leaving Your 9-5 To Trade Full Time

Join us as we explore the realistic challenges and strategies of transitioning from a 9-to-5 job to full-time trading. Whether you're an aspiring trader or looking to refine your trading approach, this podcast aims to equip you with the insights and tools needed to navigate the trading landscape successfully.

Motivations for Trading: Discussing common reasons why people want to shift from traditional employment to trading.
Financial Preparation: How to financially prepare for the transition, including creating a cushion and understanding income requirements.
Emotional and Lifestyle Impact: Exploring the psychological adjustments and lifestyle changes that accompany full-time trading.
Risk Management: The importance of managing risks and expectations in the volatile trading market.
Continuous Learning: The need for ongoing education and adaptation to stay successful in trading.
Realistic Expectations: Setting realistic goals and understanding the challenges
...

Accepting Market Uncertainty

Accepting Uncertainty in Trading.

Take a longer listen to out Trading Podcast about Accepting Market Uncertainty!

The meltdown of 2022 has wiped out more than $7 trillion in market value from the blue chip stocks in the S&P 500. The index is down nearly 18% since the end of December.

Set the context for the conversion, going over recent events that’s creating our market environment

War.

Stocks - all these stocks are down:

Crypto is down -$200 billion market cap gone in a day, bitcoin is at a 50% from the high

There is a lot of uncertainty out there. What does uncertain mean?

Uncertain - not able to be relied on; not known or definite.

Glenn observation - according to historic data of DOW jones index, we never had bear run longer than 4 consecutive months. (this is data gathered since 1929). 1929 lasted for two years. Back in the day, took longer for the market to move.

1929 - overall 2 year bear trend, -84%

2008 - 6 months str...

Wait For Your Edge

TIP: Let the market develop a few hours after the open of the week and at the start of a new candle day before placing a trade.

NZDUSD – https://www.tradingview.com/x/Yy6BMGUd/

Aloha, welcome to the new week!

Wanted to share a tip that has helped me save money and kept my psychology sane:

Let the market develop for the first few hours before placing a trade. The reason being is spreads are usually steep and the market can be volatile and choppy – Large candles and massive wicks can form, only for the price to settle back down to pre-market levels.

NZDUSD was on my watch at the end of last week and my last analysis shows that I would be going long on this trade, however, applying the rule of “let the market decide in the first 4-5 hours”, minimum, has saved me from a quick loss of -1% on this trade and countless others trades.

I like the 15min wedge for a continuation, the 50ema on 4hr, 1hr, and 15min all support my thoughts of going lon...

Trading Lies That Hold You Back

Debunking Common Trading Lies

Separating fact from fiction is crucial for success when it comes to trading. Especially all over social media we see many lies perpetuated by fake traders. In this post, we cover a few lies we believed when we first started off trading and a few extras that are still shared wide.

Myth 1: You Must Be Profitable Every Month to Be Successful

One of the most pervasive myths in trading is the idea that success equates to being profitable every single month. A trading journey is filled with ups and downs and that includes periods of losing, also known as drawdown periods. Consistency in trading doesn't necessarily mean constant winning; rather, it's about maintaining a steady approach, managing risks, and learning from the inevitable losses over time - this is true consistency. This perspective shifts the focus from short-term gains to long-term growth and resilience.

Myth 2: There's a Perfect Strategy for Everyone

The quest for ...

Take Ownership In Your Trading

Regardless of current Market Conditions, there are still traders and hedge funds out there making profits. Were/are you struggling to turn profits in the Market? If so, maybe a question that begins to creep into your mind is 'is it ME or is it the Markets?!'

It's a great question to ask your self but an even deeper question that gets to the core is:

"Are you using excuses or are learning from your losses?"

We've heard it all before and Glenn and I have even shared the same excuses.

"stop loss hunters": THE MARKETS OUT TO GET ME!

Own it. We are small fish and aren't going to provide much liquidity to the FOREX market. - sorry but you aren’t that important.

If brokers did in fact Stop Loss Hunt this wide spread on every trade, they wouldn’t be in business, and regulators like the SEC would not allow this.

"It's not me, it's the market conditions."

"It's not me, it’s someone with authority."

Cut the scapegoating. If you ar...

6 Aspects To A Successful Trading Plan

What is a Trading Plan? How do you make a Trading Plan? What goes into a Trading Plan?

When first starting off in Trading, it can be daunting, which is why HTA thought it would be a great idea to bring you a course that introduces and builds upon how a new trader should approach the market.

To summarize, there are 6 key points to a Trading Plan:

Find An Edge - Why is an edge important? It’s your way to become profitable. There’s a million ways to make a million dollars, you have to find the one that works for you. You have to know what you want to see in the market. Find the right trading style for you. The edge is the way you can get in and out of the market.
Build A Watchlist - Why is your watchlist important? What are you looking at? A watchlist is basically what you are looking at that matches your edge. A Watchlist is provides you with the ability to catch the profitable opportunities.
Identify Market Conditions - What are the conditions of the mar...

How To Get Out of A Trading Slump

Overcoming the Psychological Hurdles of Trading: Insights from Glenn
Trading is as much a test of psychological endurance as it is of chart wisdom. The journey has its highs and lows, and perhaps one of the most challenging experiences for traders is navigating through a trading slump. In this video, Glenn addresses this very issue, offering valuable advice on regaining confidence and momentum in trading.
 
Understanding A 'Trading Slump'
A trading slump often follows a series of losses, also known as a trading drawdown, leaving traders feeling fearful and hesitant—so much so that some might not engage in trading for weeks or even months. This period is typically characterized by a lack of confidence, where traders become "gun-shy," afraid to make decisions or "pull the trigger" on potentially profitable trades. - The fear of extending the losing streak looms large, paralyzing traders into inaction.
 
The Path to Recovery: Confidence > Profit
Glenn emphasizes a crucial
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