1st Anniversary Trader2Trader, Thank you! + Top 5 Posts

1st Anniversary Trader2Trader, Thank you! + Top 5 Posts

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Top 5 Post 2012-2013 (Most Views)

#5 

Trader Psychology – The Dangers of “Analysis Paralysis”

#4

Historical Coffee Prices – 1980 – 2013

#3

Historic Bubbles – Tulip Mania – 1637

#2

Trading Cheat Sheet #1 – Candle Formations

#1

Historic Bubbles – South Sea Company 1720

1st Anniversary Trader2Trader, Thank you! + Top 5 Posts

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I am a Speaker at the TradersWorld Expo #13

I am a Speaker at the TradersWorld Expo #13

I am a speaker for the second consecutive year at the Tradersworld Expo #13 together with 35+ expert Traders.

My topic is entitled “7 Dogmas of Traders”.   An e-book was also launched with the name “Finding your Trading Method” and has hit #1 Best seller at Amazon.com 

Here are the links to enter my presentation at the expo (open until the 29th) and access the Kindle Book.

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Tradersworld Expo #13 Link

Speaker Schedule List 

Directly to my presentation “7 Dogmas of Traders”

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Kindle Book “Finding your Trading Method”

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Hope you enjoy it, let me know what you think? Best of luck in your trading. Dimitri Feria


Trader Quote # 30

Trader Quote # 30

“More men have become great through practice than by nature.”– Democritus (460 BC – 370 BC) 

==== This ancient saying is still a very valid one  today for traders. I choose this quote as a reminder to all the traders who have been in this business for a long time. As experienced participants of the markets I have noticed that ‘practice’ becomes a less important priority as time passes by. It could be very natural to think that ‘to practice’ is something necesarry in the early stages of a trader and as we become more expierenced we can think that this rutine could have less importance. 

Practice or as I like to call ‘simulation’ should be a constant routine of a trader during all the stages of their career.  Many traders fall into the ‘trap’ of using their live accounts as practice mechanism. Our live account should only be used with our most tested strategies and tools. On the side lines  we should continue to practice with demo account and test new ideas, setups, strategies. Currently, I trade my live accounts and have 5 demo accounts running for different simulations purposes. This has been very helpfull for my overall business.

Remember to never underestimate the importance of practicing even if you have been doing this for a very long time. Best of luck in your trading & always use stops! Dimitri Feria ====


Trader Quote # 29

Trader Quote # 29

“People focus too little on opportunities and too much on their problems” Sir John Templeton

==== People or in this context us, traders , fall into this trap or can, eventually. Where our problems can have a greater negative yield than the lessons learned and the value it has for the future ahead of us. Although Mr. Templetons quote is a clear and simple one, we as traders must not underestimate its deeper lesson.

To analyse Mr. Templetons quote with a little more detail, we can say that we have a number of trading situations occurring on a daily, weekly , monthly , yearly, life basis.

Call it,  Markets go up , go down, our positions are positive or positions got stopped out, our account increased 23% or account decreased 9%, stretching out this logic, there are an infinite variants given in any trading day , year or decade.

The problem lies  in that our trading results, our morality “kicks in” and starts obsessively  “tagging” or “cataloging” all  these different occurrences into a limit criteria: “bad”, “good” or even ” so so” .

“That was a great trade, I knew that was gonna happen all along the way”, “I lost money, how stupid of me…” if you know what I mean.

This “moral” system of registering our “lived” occurrences does not, in any way, add value to our trading operations in the future of this trading business. Let me explain why…

A great example i like to use is the following. Lets imagine a horrible sequence of bad trades, i mean “nightmarish” bad, money losing events, Ok,   my question to you is who would you feel about this experience? Is it a problem or an opportunity for you? How do you normally process this experience?

Lets go to the obvious process, its ” horrible”, under-performing  crappy (I’m being polite and generous), in reality you would say a large list of rude words in accordance to your performance. Don’t worry I have been there, but lets go to the lesson you must learn today.

Imagine lr permit yourself to exclude the moral “categorizations” or “tags” of your results (performance), try it!,  I know its hard to do it this away, but if you do then , we are only ultimately left only with occurrences,in other words, a sequence of events,  its just that.  Our homework lies in focusing on what “experiences we can capitalize?”, what we can document?, what worked?, what didn’t work?, what can we improve?, what can we implement?, what can we learn?, what can we document?, what we can exploit?.

Remember it is a “muscle” of untagging “morality” and you must exercise it as a professional trader.

The truth is:

Its very, but very easy to complain or celebrate our trading performance. The fantastic results and the “sucky” ones.

The high-performance training lesson of today is to amplify the outcome of any occurrence “good or ” bad”. Using Risk management, if we have a streak of losing trades, the question is , what can we capitalize from this learning for our future trading?

Events occur, name it “good” or “bad” the question is, how are you going to use these experiences for the future which, at the end of day,  is the only thing that’s coming! Good luck trading, as always use risk management and stop-losses. Dimitri Feria ====


Trader Quote #26

Trader Quote #26

“It’s not whether you’re right or wrong that’s important, 
but how much money you make when your right and how much you lose when you’re wrong” George Soros

==== This quote is from one of the greatest traders & investors of our times. It is rather simple and straight to the point thus it should be taken this way.

Dont focus on the calls you made Right or Wrong rather focus on how much you Loose when you are wrong and how much you Make when you are right!

It is basic math and should be incorporated in any trading strategy. If your a new or veteran trader this is defenintely the “pivot” rule for the success of any sized-account.

On a series of 10 trades you take, ask yourself how much do i lose on a wrong call and how much do i make on the winning calls. The winning amount should be larger than the lossing one, this way you will know if you are doing it correctly.

Keep risk & money mangement simple and stick to this way of evaulating your  trading performance in the short medium & long term.

Best of luck in your trading, always use stops! Dimitri Feria =====