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...]
A Word on Trading Psychology
Psychology is a crucially important aspect of trading, but most traders pay no attention to it. Traders put all their effort into developing technical skills, but eventually learn that technical skills alone offer only a partial picture. Concentration on the psychological aspects of trading is equally vital. Traders Wait too Long to Learn Mental Skills Most traders wait until … [Read more...]
MoneyShow.com Article – Deep Practice
I've just published an article on MoneyShow.com. It's called Three Steps to Becoming A Great Trader, and it is all about developing trading excellence through Deep Practice. Although most people think that genes play a huge role in a person's success, noboby is born to be great at any chosen skill or field, trading included. Over 35 years of solid psychological research … [Read more...]
Bouncing Back From Trading Losses: Trading Psychology & Losses
Let's face it, trading losses can be tough. No one likes losing money. But as every trader soon learns, trading losses are a routine part of the game. Nevertheless, many traders find it difficult to accept thoses inescapable trading losses. Learning to tolerate and deal with trading loss may be just as important as making good trades, perhaps even more important. Here are … [Read more...]
