The Ingredients Necessary for Trading Success
Another video nicely done with a good summary on how to setup your trading pad and trading accounts.
My perspective is that it is not necessary to have many monitors especially if you are not monitoring multiple markets. Some traders find that less is more. One big chart with your primary timeframe plus a few smaller charts is often enough. Ms. Raschke trades many markets with just a few trading setups. Hence the need of more monitors.
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This video is a very good condense summary why you should fix your trading mistakes immediately.
One thing I like to add here is that sometimes the mistake is not yours.
It can be your broker who made the mistake for call in orders. It can also be technical problems like internet outage, power outage, brokerage side connection to exchange is down. You name it, I probably experienced that.
It is not, however, an excuse or reason to not fix the problem right the way.
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It is a lecture given by Sir Ken Robinson at UCLA back in early 2009. It is a talk of connecting your natural aptitude with your personal passion to achieve more. It is a very long lecture under the Hammer Lecture series at UCLA.
I have included this video in one of my article Essence of Trading: Daytrading (or Trading) May Not Be Your Best Career Choice. I am posting this separately here so that it is easier to find in the video section.
This video is a very good one for all young people at the crossroad of finding a career. It is good to listen to Sir Robinson as he explained on the pros and cons of following your passion quite clearly. Informed decision is the keyword here. Be able to decide on what to do and no need to regret it late in life is priceless.
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