TheStreet.com recommends my new book, Trade Mindfully In an article titled, "7 Must-Read Business-Related Books Coming Out This Week," TheStreet.com said now that the holiday is over, it's time to return to trading: ... there's no better way than to bone up on trading psychology with the upcoming title Wiley's Trade Mindfully: Achieve Your Optimum Trading Performance with … [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...]
Trading Losses
Trading losses are tough to handle for many traders. Not only do many try hard to avoid them, we may even try hard to avoid thinking about them! In my article published on TraderPlanet.com, I explain why not thinking about our losses is a poor psychological play. You can read the article at the link that follows. Below the article there is a section where you can make … [Read more...]
Brain Freeze
I was interviewed recently by Kira Brecht on the topic of Brain Freeze. Kira was acting as a free-lance journalist for this article, but is also the Editor of TraderPlanet.com and a very good writer. "Brain Freeze" isn't a technical term, and it's not what kids get when eating ice cream too fast--it's what some describe as becoming immobilized by fear. It's actually a part … [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...]