-Products
Balance Beam System Spitfire System
-Free Services
Market Trading Videos Trading Room Trial Trader Assessment Trading Articles Tell a Friend Become an Affiliate
-Member Resources
Training Library Member Subscription Change Password Forgot Password?
-DST Course
Enroll in the Course What is DST ? Testimonials
-Resources
Partners Links About Us Terms Of Use Contact Us Refund Policy

Testimonials

I believe you are probably the best out of the literal hundreds of traders that I have witnessed.
-Frank B.

I would like to say that the way you teach the structure trading is excellent. I have gone from not being able to pull the trigger on trades to feeling more confident & excited in trading now.
-Hemal P.

This week on the AU market I have done my first trade... well, it has brought sweet success! Thanks again and kind regards.
-Jurgen K.

Read more testimonials »


When all you have is a hammer, everything looks like a nail.


By Jason Brumbalow :: Chief Operating Officer
Jul 24, 2007, 10:41
 


 
The same can be applied to trading.

When all you have is the "OPPORTUNITY" to trade, sometimes traders find themselves clicking into trades just to be involved with the markets.

Do you find yourself making acceptances for your trades that are not in your plan? What causes this? Is it a need for action? Is it a need to be right? Is it a fear of missed opportunity? One of the reasons many traders struggle - over trading or forcing the trade.

The most common misconception among new traders is that they have to constantly be in the market.

Remember it's not the quantity of trades you take, but the quality of your trades you take.

By being in the market all the time the trader does not give him or herself a chance to pause and will eventually lose because of the unfavorable market conditions.

Don't force trades just because you feel you need to be in the market.

Trading out of boredom is the worst reason to be in the market. You have to be PATIENT!

Patience is one of the keys to becoming successful trader.

Patience will keep you from overtrading.

Patience will give you enough time to observe and look for a potential setup for the next trade.

Trading is all about probabilities. You must make many trades to get the law of averages to work in your favor. As long as the setups are solid, and you're using sound money management and risk control, you'll make enough trades to come out ahead.

There is truth in the adage, "Plan the Trade, Trade the Plan."



Trading Education



At The Trading Authority, Our philosophy is to provide a one-stop trading education solution by addressing all of the factors critical to online trading success. These include a profitable trading system and tools as well as trading psychology and money management strategies.