The Pitfalls Traders Should Avoid
The Seven Deadly ‘Spins’
The Seven Deadly “Spins” explain the thought process of a trader veering off the beaten path of trading rules set up in our curriculum. To avoid heading down an unsuccessful trading path paved with gold, here is a breakdown of some of those “Spins” via Dr. Woody Johnson’s own interpretation. This is typically said to emphasize making a profit at all costs. As a new trader, you want to focus on the process rather than solely making a profit. This erroneous mindset will only encourage you to break those core trading rules established in our curriculum. Negating those rules will only send you into a tailspin with a trading strategy that will be difficult to manage. When you’re starting out, relying on your core strategy will be your key to staying on track. It’s okay to do this if I make a profit.
that for your first few decisions, you will lack that instinct. With only education in strategy and no experience, your hubris will guide you to failure as a trader. Relying on your core strategy is crucial, but it’s also important not to overthink things.
With onemore indicator, I’ll be profitable.
This is one of the hardest trading pitfalls to avoid. A person may reason with themselves that if three indicators are good, then five are great. Unfortunately, analysis can be paralysis. Most successful traders will tell you indicators are imperative to your trading, but within limits because most are lagging and won’t provide real- time results. The path to unsuccessful trading is paved with gold. If you want to learn the rest of the Seven Deadly “Spins,” or about the trading rules in our curriculum that you should not break, visit us anytime at TradingAcademy.com or call us at 425-307-6610.
The Core Strategy is just a guideline.
With several years of successful trading, you may be able to use your instincts to navigate how the core strategy relates to your trading. Keep in mind
Miso Caramel Apples This silky caramel recipe is spiked with miso for a complex, rich snack that won’t hurt your teeth.
Take a Break
INGREDIENTS:
DIRECTIONS:
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4 Granny Smith apples
1.
Heat oven to 275 F.
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1/2 cup raw pistachios
2. In a food processor, pulse pistachios and 1 1/2 tsp sugar. Add sesame seeds and 1 tbsp miso, pulsing until miso is fully broken up. Spread evenly on a rimmed baking sheet. Bake for 15–20 minutes and let cool. 3. Meanwhile, insert a Popsicle stick into the center of each apple. 4. In a saucepan, bring corn syrup, 1 cup sugar, and 2 tbsp water to a boil. Boil for 5–7 minutes, swirling infrequently, until caramel is a light amber color. 5. Add cream and salt to caramel, whisking to combine. Transfer to a large mixing bowl and quickly whisk in remaining miso. 6. To assemble, first roll apple in caramel, then in pistachio mixture, before resting on greased baking sheet. 7. Let cool 30 minutes and serve.
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1 1/2 tsp plus 1 cup sugar
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3 tbsp sesame seeds
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2 tbsp white miso, divided
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4 Popsicle sticks
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2 tbsp light corn syrup
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1/4 cup heavy cream
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1/4 tsp kosher salt
Inspired by Bon Appétit
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