Ideas for increasing trader performance

This is a discussion on Ideas for increasing trader performance within the First Steps forums, part of the Reception category; I had a few ideas about how some of you can increase your performance. I decided to upload these ideas ...

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Old Jan 10, 2010, 2:42am   #1
 
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Ideas for increasing trader performance

I had a few ideas about how some of you can increase your performance.

I decided to upload these ideas in PDF format as the feedback I've had from people is that it stops threads getting cluttered and makes the points easier to read.

There is nothing groundbreaking in this small e-book that I haven't said before - it's just a chance to sum up some things I think others might find useful. Hopefully it's pretty clear but go easy on me as I started writing it at Midnight when I couldn't sleep.

I’ve tried to stay away from the usual statements of “have a plan” and “manage your risk”. If you don’t already do these things, you stand little chance of long term success.

Instead, I’ve tried to identify a few strategies that have improved my performance. I hope they make a positive difference for you too.

I wish everyone all the best with their trading in 2010.

Tom

P.S. I have made a few minimal changes to the PDF and re-uploaded it. If you downloaded your copy before the last update, you should save this one over the top of it.
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File Type: pdf Ideas.pdf (394.2 KB, 4470 views)
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Last edited by trader_dante; Jan 10, 2010 at 11:56am. Reason: Small changes made to PDF
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Old Jan 10, 2010, 9:48am   #2
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Re: Ideas for increasing trader performance

Quote:
Originally Posted by trader_dante View Post
I had a few ideas about how some of you can increase your performance.

I decided to upload these ideas in PDF format as the feedback I've had from people is that it stops threads getting cluttered and makes the points easier to read.

There is nothing groundbreaking in this small e-book that I haven't said before - it's just a chance to sum up some things I think others might find useful. Hopefully it's pretty clear but go easy on me as I started writing it at Midnight when I couldn't sleep.

I’ve tried to stay away from the usual statements of “have a plan” and “manage your risk”. If you don’t already do these things, you stand little chance of long term success.

Instead, I’ve tried to identify a few strategies that have improved my performance. I hope they make a positive difference for you too.

I wish everyone all the best with their trading in 2010.

Tom
Hey thanks for this - finally someone with something of value to say who is not trying to sell stuff. - cheers!
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Old Jan 10, 2010, 11:51am   #3
 
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Re: Ideas for increasing trader performance

trader_dante started this thread Please note that the section on the gap shows a 5m chart for illustration purposes only.

I have used it because you can see the gap, the s/r and how the gap fills more clearly.

When I traded this, I did so on the hourly time frame.

I do not use the 5m time frame in my trading.
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Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html

Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html

Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html

Last edited by trader_dante; Jan 10, 2010 at 11:57am.
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Old Jan 10, 2010, 12:13pm   #4
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Re: Ideas for increasing trader performance

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Originally Posted by dealer911 View Post
Hey thanks for this - finally someone with something of value to say who is not trying to sell stuff. - cheers!



dealer911
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"No but I am going to be offering something similar for free (and I have 17 years experience as a trader not 14 like this guy)... I am in the development and testing phase and will launch Q1 2010.
Lot of money to part with.. you would learn much more by just using the £2500 as trading capital.. i will have trading capability directly on my site and that is how I will make some revenue..BUT i will not insist that people use my platform.. they can use whichever they choose..(which means i wont get paid though).. These guys might be legit but it seems expensive.

http://www.trade2win.com/boards/trad...ml#post1028168
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Old Jan 10, 2010, 12:31pm   #5
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Re: Ideas for increasing trader performance

Quote:
Originally Posted by trader_dante View Post
I had a few ideas about how some of you can increase your performance.
Good stuff Tom.








I also have an idea of how most would improve their performance. STOP TRADING.
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Old Jan 10, 2010, 12:38pm   #6
 
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Re: Ideas for increasing trader performance

people might find this blog of a forex trader useful since, like TD, he has a logical approach to trading on the longer time frame.

http://www.forexfactory.com/showthread.php?t=187619

http://www.forexfactory.com/showthread.php?t=143593

I've asked Timsk (wherever he is to post my bit on a sticky for noobs, therefore apologies if you see this post elsewhere on T2W.

Thanks TD for adding to peoples knowledge and giving your free time at no cost to them.
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Last edited by neil; Jan 10, 2010 at 3:39pm. Reason: spellins
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Old Jan 10, 2010, 4:25pm   #7
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Re: Ideas for increasing trader performance

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