Series: Mental Roadblocks of Day Trading If you are anything like me, you hate to be wrong. In my humble opinion, I think this is a nasty side affect of usually being right! One of the biggest problems in the early years of my trading was the strength to step away...read more
Series: Mental Roadblocks of Day Trading Trading is very much the tortoise instead of the hare. Plodding toward a far-off finish line is more likely to create more discipline on a daily basis. We have written before that it is vital to keep your trading sights set...read more
1. Develop a system that works for you, and STICK TO IT! To trade successfully, you must have a system. I know most of us have heard this many times before, but this step is so vitally important, it is well worth repeating. Develop your system and stick to it like...read more
Series: Mental Roadblocks of Day Trading Unlike most jobs, your full mental capacity is the difference between a good trading day and a bad one. Remember in your early 20’s when you could stumble into work exhausted and muddle through the day? I sure do. These days...read more
Series: Mental Roadblocks of Day Trading How many people do you know, at any given time, that are on a diet? It seems like the perpetual battle for many Americans, despite the billions of dollars of industry aimed at treating the overweight. There are many reasons...read more
Day trading is one of the few careers that will literally pit many of your mental and emotional weaknesses against you. If you lack patience in your life, you will tend to be a trigger-happy day trader. If you do not have the discipline to cut out bad habits in your...read more
Founder, Investors Underground
Nate originally founded the Investors Underground community in 2008 with the goal of creating the top trading service on the web. This service, fueled by Nate’s 10+ years experience trading equities (both Nasdaq and OTC), has become a “must follow” in the trading community. Nate is well known for his unique ability to read points of inflection & exhaustion in momo stocks, making him a “go-to” guy in the world of day trading.