As traders one of the main concepts that we must master is Risk Management.  It is what keeps us in the game as traders and ultimately leads to better chances of profitable trading if we manage our Risk well.

I am often surprised to find that many traders have no idea of what their Risks are.  This involves Risk per trade, per day, per week/month and overall Risk of Ruin.  Most traders are aware of Risk per trade or per day, however very few are familiar with Risk of Ruin.  Possibly…

Hi Traders,

We now have a new Blog that can be found directly on our main website.  you can find it here: http://www.l2st.co.uk/blog/

All new posts will be features there, as well as Pre-Market Analysis,

Warm Regards

Kam Dhadwar

Owner of L2ST and inthetradingzone.com

When you start asking yourself questions about how you can improve your trading, most traders will start to look for answers outside of themselves.  For example looking for the next best trading system, magical indicator or a trading guru that make all the calls so that they don't have to learn more about the markets themselves.

However, their should be one major objective for you if you are looking to improve your performance.  You need reach a level of self awareness, where…

This is one of the most common questions that new traders constantly ask me.  The best response I have for this is:

"How much are you will to pay to find out if you are right\wrong about a trade?" and "What should you not see if your premise for the trade is still correct?" - The answer to this is what defines when you should exit a trade, not necessarily place a stop order.

In general, most technical traders will start their trading careers learning that by…

Great Article on building Self Discipline here: http://www.eruptingmind.com/cultivating-trait-self-discipline/

and another on Self Esteem here: http://www.eruptingmind.com/value-of-self-esteem/

Again, very essential as traders to have and keep building.

Excellent Article here:  http://www.eruptingmind.com/overcome-fear-of-success/

I often speak to traders about how their Fear Of Success is quite often what holds them back and not necessarily a Fear Of Failure.  The above article cover this very briefly but very well.

Another trading coach shared this, and I wanted also to share also with the folks with L2ST.  While others just glance at it, at L2ST Kam really emphasizes the importance of your mental state and focus.

Although, I'm not even a baseball fan, I hope you enjoy as I did. There are so many similarities with this and some of the messages we get from L2ST and trading.

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