Coaching Tips & Global Trading Map

Mission Three of this Website (ewsp500) is to provide Coaching Tips and to help the Trader in the development of a “Global Trading Map”. Experience is often our best tutor. In the “Coaching Tips” section we share with you the lessons we have learned. Making sure one is prepared before one trades is very important. Repeating the same mistake over and over again is not productive. You may find some ideas in this section to be new to you or you may find some ideas in this section only help to reinforce the convictions you already have. Either way, whether it is a new idea or the reinforcement of an old one, keeping the right focus is critical. You can have the best plan possible but, unless you possess the skill to execute the trade, the plan has no tangible value and it remains just an idea on paper.

Technical trading (or any trading for that matter) is more than a set of specific principles and rules that make up a trade. We at ewsp500 have found that there are, at the very least, three basic parts to a trade. It is our conviction that every trade will not only include an established plan that is composed of a set of principles and rules, but in addition to a plan, every trade will also include the participation of the trader’s mind and heart. If it is true that every trade is more than a plan, then the trader better have a good handle on how all three are inter-related and how all three need to be able to work together effectively. A lack of clarity in this area will often produce a state of confusion and poor results will follow. This need for clarity has lead ewsp500 to develop what we refer to as a “Global Trading Map”. This map should aide the trader to focus on all that is taking place when making a choice. We believe that the better prepared you are going into a trade the more successful you will be in creating the edge you need to win. The focus of this website is to help you get in and to help you stay in the game.

Below are the topics that will be found in the Members Only section under Coaching Tips:

Overview
Awareness vs. Focus
Balance
Beating Yourself Up
Behaviors
Boil it Down
Cardinal Sin
Catalyst Trading vs. Jumping In
Cheating
Clear Skies
Combined Mistakes
Confidence Required
Conviction Required
Discipline / Self Control
Dragon Chasing
Encouragement vs. Discouragement
Endurance
Evaluating One’s Self
Every Trade Gets Reviewed
Expectations
Fear
Flexibility is Huge
Focus on One Activity at a Time
Forest & Trees / Gaining Perspective
Freedom in Structure
Gold vs. Fools Gold
Hasty Trades
Hesitant Trades
Journal
Last 10 Yards
Losing is Part of the Game
Missed Opportunities
Motive Trading
News
Obedience
One Day at a Time, One Trade at a Time
Paper Trading
Planning Ahead & Being Prepared
Perseverance
Points of Interest – A Mind Set
Position Trading
Pot Odds
Practice, Practice, Practice
Recommended Reading
Re-Inventing Oneself
Stress & Trading
Stops, Two Types
Take Responsibility
The Heart
The Mind
Theory on why most Elliott Technicians are Bearish
Three Types of Trades Only
Timing the Markets
Trading Before the Bell
Trading & Faith
Trade Management
Trading While Frustrated
Trading With Hope
Trend is Your Friend
Two Witness Principle, & More is Better
Under Capitalized vs. Strong Hands
Waiting Problem
Will this information become useless over time?

Below are the topics that will be found in the Members Only section under the Global Trading Map:

Overview
Outline & Details
The Plans
The Mind
The Heart
Three Stages to Keep In Mind
Keeping Track of Past Trades
Helpful Things vs. Un-Helpful Things
Knowing Your Strengths & Weakness
Odds and Ends
Recap, why a Global Trading Map