Mindfulness is the most powerful mental ability (and technique) that I know. We are lucky to have such a tool. It is as valuable in daily life as it is in trading, perhaps more so. Everyone can benefit by being mindful. We'll be bringing more on mindfulness in the months ahead. In the meantime ... ... Here is a brief introduction to mindfulness -- a little about what … [Read more...]
The Authentic Key To Trading Psychology: Mindfulness
The Authentic Key to Trading Psychology The trading mental game escapes many traders because they don’t know the authentic key to trading psychology. In a word, it’s mindfulness. You have probably heard about mindfulness. It’s a mental skill that is of particular value to traders. Over last decade, science is showing mindfulness to be beneficial to both physical … [Read more...]
Trading Psychology: Cutting Winning Trades Short: How to Overcome It
Our trading psychology is often confronted with the strong urge to book small profits on a winning trade. If we listen carefully, we often hear our mind telling us: I must get out now. I'll have a small profit. It's better than a loss ... How often have you said this or something similar before cutting a good trade short? Cutting winning trades short is one of the most … [Read more...]
Trade Mindfully
As many of the readers of this blog know, I have been writing a book on trading psychology. Last week, I submitted the manuscript to the publisher, John Wiley & Sons, Inc. Wiley has put it up on it's website. You can see a preview of the book at this link: Trade Mindfully by Gary Dayton You can also find it on Amazon, at this link: Trade Mindfully at Amazon.com The book … [Read more...]
S&P Trading – The Wyckoff Way
Last week on January 26, new highs were made, but on much narrower range and lighter volume. The next day continued higher on lighter volume (1.554 million contracts) and narrowed into an NR7 day. This began to look like dullness at the top of the rally. We also see SOT at the highs. Buyers appear exhausted, giving a chance for sellers seen on January 19th an opportunity to … [Read more...]
