Latest Stories

How to Start Trading: Planning to Succeed

“I love it when a plan comes together.” If you remember watching the TV show (or movie) The A-Team, you’ll recognize that as the catchphrase of the team’s leader, Colonel John “Hannibal” Smith. This always made me laugh because the team was creating ridiculously ambitious plans and taking huge risks to pull off impossible missions. […]

3 Productivity Tips for Multi-Monitor Trading Computers

When you think of a trading computer, you probably imagine a wall of monitors. I remember when I first started as a broker, guys used to stop by my office just to gawk at the two gigantic monitors I had on my desk. Having two monitors was a big deal for traders back then. Nowadays, […]

2 Ways to Make a Computer Run Faster

Most guys love talking about sports cars. But talking about cars and taking an engine apart are two different things. I’d be in trouble if I had to put a car engine together from scratch. I know enough about sports cars to spot a fast one when I see it. The more horsepower, the more […]

3 Mistakes Successful Traders Avoid

Business coaches love to say “fail big or go home!” That statement drips of motivation, but it’s not practical in the trading world. Failing big means losing $10,000, $20,000 or even a million dollars. No thanks. On the other hand, If you’ve ever traded real money, you know we all make mistakes. Believe me, I’ve […]

Answer These 5 Questions Before You Start Trading

When I first started helping other people improve their trading (many years ago now), the people who came to me were already experienced traders. In fact, most of my customers have been trading between 3 and 10 years. Lately, however, I’m seeing more and more people who have never traded on their own (i.e., without […]

How to Spot a Fake Tech Support Call

The other day, I overheard my tech support team talking about yet another customer who had been a victim of a fake tech support call. This trader was out hundreds of bucks because he didn’t know how to spot the scammer, and he fell for the pitch. I was floored. I hate to see anyone, […]

3 Healthy Ideas for Traders Who Sit at Their Desk All Day

To be a great trader, you must be healthy. Healthy traders are more focused and are better decision makers. And to be healthy, you must have healthy habits. Here’s the trader’s dilemma: you have to be at your desk to trade, but sitting at your desk too long is unhealthy. Research shows one overwhelming conclusion […]

How to Pick the Best Wireless Router For You

For years, I have insisted traders use a wired connection. An Ethernet cable plugged directly into a modem or router is the best, most secure connection for trading. Don’t trade all day, every day over wireless internet if you can avoid it. But, if you can’t be wired (or if you feel like sitting on […]

9 Keys to Trading Computer Productivity

Some of us traders spend 8 to 10 hours a day at our computer. Believe me when I say I want to decrease time at my computer, not increase it. Consequently, when I’m at my computer, I’m always looking for ways to be more productive and efficient. Over the years, as I’ve discovered new ways […]

7 Habits of Highly Successful Traders

  As I was searching through my book shelves this week, I stumbled on a classic: The 7 Habits of Highly Effective People. I love learning about how to be more successful. In fact, I’ve written two books on the subject of being a successful trader. I interviewed 17 different traders to find out how […]