Fear is a defensive emotion meant to protect you from mental, monetary, or physical harm caused by the belief that a person, thing, situation, or place is dangerous or a threat. Fear is a warning sent to your nervous system to trigger your fight or flight response as a reaction to the threat. Your body […]
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The wrong trading psychology is one of the biggest things that cause people to fail in trading the financial markets. No trading system will work, no matter how good, if a trader can’t follow it with discipline and focus over a long period of time. It is emotions and ego that usually cause a trader
Top 3 Trading Psychology Lessons I Leaned In 30 Years (Emotions = Mistakes) Read More »
10 Ways To Reduce Stress: Don’t respond to negative people: You do not have to answer to people that do not understand what you are trying to do with your life. The odds are that your critics and naysayers have no idea how it will be possible for you to achieve your goals. Get exercise:
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“The game taught me the game. And it didn’t spare the rod while teaching.” -Jesse Livermore Trading Losses: There are two types of losses, one loss is caused by the market simply not being conducive to the profitability of your system. The other loss is due to your lack of discipline, causing your system to
5 Things That Educate Traders Read More »
This is a guest post by Francois Normandeau This is a fictional story. Tom’s diary. Year 1: I decided to become a trader. I want to get rich quickly and easily and retire next year. I always liked catamarans and maybe I can date models. Year 2: Since I decided to become a trader, I
A Traders Diary: Guest Post Read More »
Doing your best to risk no more than 1% of total trading capital per trade, should solve these five problems that traders face: If you only risk 1% of trading capital per trade, you will not experience more than a 10% draw down with 10 consecutive losses. If your trading
Solve These 5 Problems Right Now Read More »
Stay calm. Never trade position sizes that cause you increased anxiety. Stay within your comfort zone. Keep perspective. Keep in mind that one losing trade does not a failure make. If you are risking 1% of your trading capital, it should only be one of the next 100 trades. Stay comfortable. Make sure you
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“Plans are plans until they aren’t. Don’t confuse trading ideas with prophecy. You don’t know the future. Unless you cause it.” -Curtis Faith This morning I went in very biased about buying Apple long, my mind was clouded with the support level of the 50 week moving average holding up
How I was Wrong but Still Made Money Today Read More »
In the markets there are many different types of traders and many motivations that drive them. Everyone has heard of different types of traders based on their trading method: Swing Traders, Day Traders, Momentum Traders, etc. But what about different types of traders based on their psychology, their purpose And motivation? Some trade for
Ten Different Types Of Traders. Which One Are You? Read More »
Lose your money,but keep your discipline. Trading is about following a method, system, or rules that give you an advantage over other market participants in the long run. There are good bets and bad bets. There are traders who follow a trading plan with discipline and others that start trading out of fear and greed
Trading: Mistakes versus Losses. 10 BIG MISTAKES Read More »