Trade With Precision Newsletter - Article

There are two types of traders. Those who realise how much mindset matters and those that do not.

I still get told by new/amateur/losing traders that “mindset does not matter”. A common phrase I hear is “I don’t need anyone to tell me how to think”. Yet the other group of traders, those who make money trading or are well on their way to doing so, disagree completely. In fact, in trading, business, sport and many other day to day activities, those who perform at the highest level do indeed rely on a coach or mentor and this person often focuses on the mindset to succeed rather than the underlying skill set. 

Have you ever wondered about trend trading and countertrend trading, and which is better or worse?  Here are some of the pros and cons of trading against an established trend.

A lot of people say to me that trading must be a terribly risky business and why would I want to enter such an arena when there must be other far safer ways to make a living.

My answer is always; “Yes, there are safer ways to make a living but there is no other business where I feel safer than in trading!”  

Improvement in any endeavour is a critical part of success. There are undoubtedly a number of different things that one can do to improve their results in the markets. Here are five things I feel are critical to improving your trading and which can have an immediate impact!