Solution to Trader Drift

Trader Drift

There are 4 real causes of Trader Drift. I  detail each of these in part 1 (The Trader Drift) of this 3 part blog series. The 4 causes are: When a trader is Unaware. When a trader gets Distracted. When a trader gets Overwhelmed. When a trader gets Deceived.   In my second blog (Consequences … [Read more…]

Phelps & US Market Set Records

Phelps & US Market Set Records

On Thursday, August 11, 2016, Michael Phelps won his 13th individual gold medal and became the most decorated Olympian of all time.  A record that was originally set by Leonidas of Rhodes and stood for 2,168 years!   In a way that only the stock market could, it gave a nod to the great Phelps … [Read more…]

Maximizing Cash Flow – #1: Trading vs. Investing

Maximizing Cash Flow - #1: Trading vs. Investing

There are three steps to financial freedom. With few exceptions, everybody walks through them. Some achieve freedom in a couple of years. Others work a lifetime before retirement.     Recently, I taught a class called How to Retire in Two Years Even if You’re Broke. In this teaching, I share the outline as well as … [Read more…]

Consequences of Trader Drift

drift

In my last blog, The Trader Drift, I wrote about a plague that affects many new and struggling retail traders. This plague is called Trade Drift. I highlighted the 4 causes of Trader Drift, which are…   When a trader is Unaware.   When a trader gets Distracted.   When a trader gets Overwhelmed.   … [Read more…]