Trading Responsibility

When you walk into the casino on vacation, you are there as a gambler. You want to make money, but also having fun is in the in your mind. You are seeking action and are willing to take a gamble in order to get it. Think about it, when you are in Vegas for a friends bachelor party, or at a casino on the beach of Costa Rica, aren’t you really just looking for a good time? You want to play some blackjack, roll the dice, and try to hit it big at roulette. You want to have some drinks and a few laughs with your buddies. That’s the mindset of most gamblers. But then, you have the sharks, the sharps, the wise guys. They know the ropes, they’ve been there and done that. They aren’t there to ha

So Many Choices

Life is all about choices. From the moment you wake up, until the moment you fall asleep, you are making choices. Every minute of every day, you are making choices, whether you are cognitively aware of it or not. The day starts with a choice, when to wake up. Will you hit snooze or get straight up? Will you get right into the shower or eat breakfast first? What do you even want to eat for breakfast? What will you wear to the office? Should you wear that blue shirt, or the white shirt? Once you get to the office and open up your trading platform, you are again given an abundance of choices… What stocks will you trade? Will you trade $JNUG and $UVXY or are you going to focus on $SUNE an

Day of Rest

You hear me say it every day, “Trading is a marathon, not a sprint.” Truer words have never been spoken. However, it is important to realize that when training for the marathon that is a career as a day trader, you must also embrace the idea of having a ‘day of rest’. Look, day trading is hard. It is a grind. Day in and day out, it is mentally taxing and takes all of your focus. Another reason that most day traders fail, it is a competitive industry where only the elite survive long term! Thus, it is essential that all day trader embrace the idea of a day of rest. Everybody needs time to recoup and refresh their engines. Whether you’ve been doing good or bad with your trades, everyone ev

That Special Feeling

Have you ever seen the movie Tin Cup? Well, throughout the movie, you see the struggle of how difficult the game of golf is. You get to witness the frustration caused by the search for that perfect shot. You know the feeling… The feeling of that perfect golf shot. When you hit it the sweet spot, you just know. You know that all that hard work and practice was worth it! You feel it in your loins, throughout your whole body. The feeling is intoxicating. Sweeeet!!!! Sadly, this feeling tends to come and go. Darn!!!!!! After you feel it, you are on a constant hunt to get yourself back to where you can feel it again and agian. Certainly most people can relate to this feeling. Whether you ha

ZEN Trading Mindset

SCALING, BUYING POWER & PATIENCE ARE THE 3 PILLARS OF MOJO DAY TRADING ALL TIED TOGETHER WITH JOURNALING Here is a quick challenge for you, over the next week when you log into your trading account keep track of how many times per day you have a negative thought. Keep a page in your journal, and make a mark with highlighter for every negative thought. Mark down each time you dwell on the past, whether it be a late entry, missed trade, or poor decision. Mark down each time you regret selling too early or too late. Each time you focus on the past or the future, make a check. What is the point of this challenge? The point is to eliminate negative thoughts and attitudes from your trading mi

MOJO Day Trade Room Overview

The MOJO Day Trade Room Overview: Screenshot The MOJO Day Trade Room Have you ever wondered, what is a morning like for a MOJO ProTrader? Surely by now you have heard about the MOJO Day Trading Room and the MOJO ProTraders, but do you know what it’s really like trading live with the MOJO Team every morning? What sets MOJO apart and what is different about the MOJO Room? Allow us to show you (5) FIVE ways that the MOJO Day Trading Room stands out from its competition. 1. Morning Routine Every winning day trader will tell you, routine is very important. Because of this, MOJO Day Trading starts each morning the same way. ProTrader Mike opens the room, greets the team and begins implementi

The Big Day

Thursday 11/12, we reviewed how to grow a trading account while avoiding variance - here is link to that post http://goo.gl/YktvlX Today, let’s focus on putting that plan into action. As you may have heard ProTrader Mike say in the MOJO Day Trading Room, every trading month has about 3 big days out of the 20 available. These are the days where you really make a good score, profit wise. However, keep in mind, that these days come naturally, and cannot be forced. If you are attempting to force big days, you are not trading with a variance free, positive expectation system. Thursday the MOJO Team had a big, big day! It was the type of morning where everything works perfectly. Each trade se

Variance in Your Trading Portfolio

By now, you have surely recognized some of the similarities between playing poker and day trading. Last night, while Joe McKeehen was putting on an absolute clinic, the similarities were never more prevalent. In fact, if you want to learn how to grow a trading account, you should go back and watch how Joe McKeehen dominated the final table, collecting all the chips, $7.68 million and the WSOP Main Event Championship Bracelet in the process withy very little VARIANCE. So how did he do it? Simple, by avoiding variance. Joe McKeehen entered the final table with the chip lead and never once relinquished it because he avoided playing big, over inflated pots. He was very systematic in his approa

Reloading Your Account Again?

Day Trading & Poker. Tonight at 9:30pm is the final table of the 2015 World Series of Poker. It's down tot he final (3) players. Now, Imagine you are at the Final Table of the World Series of Poker Main Event with $7.6 million dollars at stake to the winner.. You are under the bright lights at the main stage and playing live on ESPN. All of your family and friends are in attendance, rooting you on, and millions of people are watching and judging your every move. Now, imagine you survived down to the final 4, the world championship of poker is so close, you can practically feel it. The pay jumps are monumental and as follows: The pressue is on, now how do you react? Last night Josh Beck

The House Always Wins

If you’ve spent any amount of time in casinos, you probably know this statement to be true: The house always wins! The odds are stacked against you. While visiting casinos and playing the table games can be exciting and fun, it is also a gamble you are sure to lose in the long term. Why? Because the house always has the edge. On every single table game offered in the casino, the house (casino) is a long term favorite to come out on top. So, you may have a few lucky trips to the blackjack table, but the numbers say that if you continue to play every single day, eventually the casino is going to come out on top and take your money. Just take a look at this graph to see the house edge and yo

The Value of a Head Coach

As the College Football and NFL season’s heat up, it is an important time to recognize the value of a head coach. [if gte vml 1]><o:wrapblock><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"></v:stroke> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"></v:f> <v:f eqn="sum @0 1 0"></v:f> <v:f eqn="sum 0 0 @1"></v:f> <v:f eqn="prod @2 1 2"></v:f> <v:f eqn="prod @3 21600 pixelWidth"></v:f> <v:f eqn="prod @3 21600 pixelHeight"></v:f> <v:f eqn="sum @0 0 1"></v:f> <v:f eqn="prod @6 1 2"></v:f> <v:f eqn="prod @7 21600 pixelWidth"></v:f> <v:

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