Trading Losses Few traders want to talk about their trading losses. It's the number one topic many traders seek to avoid. When was the last time you heard a trader say, “I had a fantastic loss the other day. Let me tell you all about it?” No one likes to lose money and the experience can be painful both financially and emotionally, especially if the loss is a large one. It … [Read more...]
Surviving a Trading Loss
Trading Loss Surviving a trading loss. No one likes them. Many try hard to avoid them. Some sweep them under the rug when they happen. No matter how you respond to trading losses, one thing is absolutely clear: You will have trading losses. Trading losses are a part of the game. They cannot be avoided. So, if this is true, wouldn't it be a good idea to have a strategy … [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...]
3 Problem Day Trading Behaviors & What to Do About Them
As a trader, you are solely responsible for your day trading actions and behavior. Your day trading success depends on how you act while trading. Here are 3 problem day trading behaviors that ensure failure. Fortunately, they are all within the control of the trader and can be corrected: Problem Day Trading Behavior #1: Day Trading Without A Game Plan Traders who come into … [Read more...]
