About: NetPicks

Articles written by NetPicks:

Mentally Manage Your Losing Trades

A part to sore losing in trading is loss aversion. This is part of human nature and trading really brings it out in all its glory. When we have a good trading system and it takes a series of losses, it’s easy for this to come out. Not only does... Read moreread more

Common Sense Trading Success Keys You Should Know

Fundamentally, trading really is a simple game, but it requires a great deal of thought, effort and persistence to succeed. In poker, the saying from Poker Hall of Fame member Mike Sexton goes that it “takes five minutes to learn and a lifetime to master”. Trading is similar in many... Read moreread more

Do This And Never Be Wrong In Trading Again

Fear. If there was one word to describe why a trader may not execute their trading plan, it is fear.  The fear of being wrong. In a recent foundational skills to trading post, executing the trading plan when a trade sets up is one of 8 musts for a trader.... Read moreread more

Stop Thinking About Money Gains (and losses)

When thinking and talking about their trading performance, a habit many traders tend to get into especially when they are just starting out, is using a $ value for p/l. It’s easy to see why – a new trader is likely to keep their eye fixed on the limited amount... Read moreread more

8 Foundational Skills Every Trader Should Learn

When a person first decides they want to be a professional trader, rarely do they ask just how this is likely to happen. Usually they are too busy counting their imaginary money in their imaginary mansion to be concerned by this minor detail! Even in the face of widely available... Read moreread more

Act Like You Are Trading Large Trading Positions

The goal in trading is to compound your trading account allowing you to scale up your trading business. As your account size increases, so does your ability to trade larger position sizes which, in a perfect world, becomes wash, rinse, and repeat. In order to do this correctly, you must... Read moreread more

Keep Trading As Simple As Possible

At what point has your trading become over-complicated? Some traders can have many variables in their trading plan and do fine. Others can get overwhelmed when there are too many things to consider for a trading setup.  I’m sure we’ve all felt that way at times. There is no simple... Read moreread more

Own Your Trading Results

Whether we’re talking Elliot Wave, Fibonacci, Donchian Channels or even a simple strategy such as the Golden Cross, the trading strategies and market analysis techniques a trader uses are rarely original. Ideas from experienced and successful traders and market technicians rise and fall in popularity as the next revelation becomes... Read moreread more

Be A Prepared Trader – Especially In The Summer

Summer trading is upon us and many times that means slow markets. But just as in life, we can’t get lulled into going through the motions when grinding price action takes over our screens. So let’s have a conversation about how markets can change their behavior very quickly. They can... Read moreread more

Just Execute When The Time Is Right

You may be an expert in technical analysis and are able to read the market movements. You have a good eye in seeing who holds the balance of power on the chart and your trading plan takes advantage of that skill Traders can look at a chart and see, according... Read moreread more

How Fear Is Derailing Your Trading Success

There are many types of trader personalities but I want to focus on two specific types. Both of these types have the potential to be successful as a trader only if they are able to get out of their own way. You may find yourself as one of these types... Read moreread more

Do You Accept Risk?

Trading is a game full of risks. Every trader knows that over time they will have some winning trades and some losing trades. However, just because a trader is aware of the risks in what they’re doing, does that mean that they fully embrace the risks associated and accept a... Read moreread more

Stop Taking Losing Trades Personally

Every trader during their evolution has thought that the market was out to get them. It is usually when your stop loss is taken out right to the tick and then the market continues in the direction you intended. If it happens on occasion, many of us can deal with... Read moreread more

Trade Outcomes Don’t Tell The Whole Story

Being in the business of trader education and trading system development, Netpicks has seen a lot in over two decades when it comes to those looking to trade for a living. One obvious thing to us is that that learning how to make money and develop as a trader has... Read moreread more

Success In Trading Needs Belief In Yourself

Traders spend a lot of time back testing trading strategies, systems, and researching news events that are related to the market. The outside work such as that is important but many don’t spend nearly enough time working on themselves. More importantly, working on ensuring they believe in themselves. If you... Read moreread more

These 4 Steps Can Prevent Trading Career Destruction

take a break

The principles that are used with A.A. can be applied to help traders who are struggling. These principles can help traders avoid falling back into the habits that have prevented them from reaching their goals: Failure to prepare for their trading day (or career) Not sticking to their trading plan... Read moreread more