You risk one percent per trade. You are disciplined about it. And you have no idea what you are actually risking, because you are measuring the wrong thing. A position size is a number of contracts. Risk is a number…
Trader’s Library · Book Review The New Trading for a Living by Alexander Elder Explore all 80 books in the Trader’s Library → Most trading books pick a lane. They teach you setups, or they teach you psychology, or they…
T. Harv Eker's Secrets of the Millionaire Mind reveals the money blueprint that controls your trading results from beneath conscious awareness. Childhood money programming, the 17 Wealth Files, and the declaration practice address why traders self-sabotage at consistent levels.
This site has fifty-four articles on risk management and not one on the trailing stop. That is an accurate reflection of the industry, and it is embarrassing, because your trailing rule shapes your results more than your entry does. Here…
On a winter night at the very end of 1900, the most important number in American business was written on a single sheet of paper. Charles Schwab, the president of Carnegie Steel and no relation to the brokerage that would…
Last week this site argued that you should take your profit too soon. The arithmetic was sound and the conclusion held. This week it argues the opposite, and the arithmetic is the same code. Both are true. Which one applies…
GREATEST TRADERS · EPISODE 30 Takashi Kotegawa The Day Trader Who Turned $13,600 Into $153 Million ▶ Watch on YouTube🎵 Listen on Spotify Also available on Apple Podcasts · Amazon Music In the early hours of Thursday, December 8, 2005,…
Our honest Phemex review 2026: 480+ coins, 0.01% futures maker fees, 100x leverage, TradingView, copy trading. Rated 7.5/10 for active crypto traders.
Every trading book you have read contains the same instruction. Cut your losses. Let your winners run. Max Gunther, writing down what Swiss speculators actually did rather than what they said, disagreed. His axiom is blunt: always take your profit…
Market Mayhem · Episode 18 · 2021–2022 · Global · Series Finale When JPEGs Were Worth Millions The NFT/Crypto Bubble, FTX’s Collapse, and $8 Billion in Missing Customer Funds Bitcoin to $69,000. Bored Apes selling for millions. Sam Bankman-Fried on…
Market Mayhem has been an audio series since April. Today it becomes something more. Our first full cinematic documentary is live on YouTube: the story of John Law and the Mississippi Bubble of 1720, told in eighteen minutes of period…
Put ten thousand people in a room. None of them can trade. Not one has an edge, an insight, or a system. Each year, a coin decides whether their account goes up or down. Run it for ten years. Then…
On a spring afternoon in 1911, a tall, gaunt man in his seventies was playing golf on his estate north of New York City when a messenger brought him news that the Supreme Court of the United States had just…
You cannot manage a risk you do not understand. Pips, lots and leverage are the three mechanics that decide how much you make or lose on every trade, and leverage is the one that quietly ends most beginner accounts. Before…
MONEY MYTHS – EPISODE 09 Always Diversify? The myth: more positions always means less risk. The math disagrees. Diversification distributes ignorance more evenly. Here is the Kelly Criterion proof. Tuesday 21 July 2026 – Available on Spotify, Apple Podcasts, YouTube,…
INSIDE THE MACHINE · BONUS · SERIES FINALE AI Trading Takes the Wheel: From Knight Capital to Autonomous Algorithms How Markets Really Work — The Final Episode Listen on Spotify Watch on YouTube Also available on Apple Podcasts · Amazon…
Our honest XBTFX review 2026: crypto-native broker, ECN from 0.01 pips, MT5+cTrader, 75 forex pairs, fund with BTC/USDT. Rated 6.8/10.
Charlie Munger spent sixty years answering a question almost nobody asks. Not “how do I succeed.” He found that one intractable, and said so repeatedly. Success has too many paths, most of them unrepeatable, most of them contaminated by luck.…
GREATEST TRADERS · EPISODE 29 T. Boone Pickens Mesa Petroleum, the Gulf Oil Raid, and the $2.7 Billion BP Capital Comeback ▶ Watch on YouTube🎵 Listen on Spotify Also available on Apple Podcasts · Amazon Music Profile · At a…
The most expensive sentence in trading is “I was right, just early.” It is offered as consolation. It should be read as a confession, because in a market with a clock and a financing rate, early and wrong are the…
EP10 · The Trader’s Physical Edge The Information Diet for Traders Your mind is what you consume. Audit the inputs. Pillar 4 of 5 · REGULATE A trader opens X at six in the morning. Within ninety seconds they have…
At fourteen, Persi Diaconis ran away from home to become a magician. He told no one, walked out of a New York high school, and spent the next decade touring with the sleight-of-hand legend Dai Vernon and working card tables…
Your strategy is not losing money. Your strategy is being run in a market it was never designed for, and it cannot tell, and neither can you, because nobody taught you to ask. Al Brooks, who has spent a career…
Bob Proctor's paradigm framework explains why traders keep hitting the same income ceiling and blowing accounts at the same level. Your subconscious money thermostat determines your results, and until you reprogram it, no strategy can save you. The deepest layer of trading psychology.
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