This post discusses traders having two minds through a case study of a trade I made a while ago. It highlights how easily the mind can override sound decision-making. Traders Have Two Minds It is helpful to think of having two minds. One mind is our intuitive mind. It is our default decision-making mind. Our intuitive mind relies on the obvious, ignores probabilities, and … [Read more...]
Free Webinar on the Mental Game
Traders' Mental Blind Spots: How Hidden Flaws in Your Decision-Making Affect Your Trading Date & Time: Thursday November 17th 4:30 pm ET Register Here Do you ever wonder why what you viewed as a perfectly good trade setup fails or how you believed a trade couldn't work, but did? All traders have blind spots in their thinking. What we see and believe on the chart can seem … [Read more...]
Trading Get You Angry? Here’s the Fix
Does trading get you angry? We all get angry trading at times. Maybe the market moved unexpectedly and you blew your top. Perhaps your stop was taken and the market moved in your direction, but now you’re not on board! Maybe you became distracted and missed a great trade. Many things in trading can get you angry. You can’t always avoid it. Anger is a natural human … [Read more...]
Winning Mental Approach to the Markets
A Winning Mental Approach to the Markets Looking for a winning mental approach to the markets? Recently, I was interviewed by Etienne Crete, founder of Desire to Trade. Etienne asked some really insightful questions (he is a young, successful FX trader) that took the interview into interesting areas, especially for newer traders. But, seasoned traders will gain, … [Read more...]
Trading Frustration
Trading Frustration Have you ever been frustrated by the market? Trading frustration happens to everyone. One of my greatest trading frustrations is to have a very good idea about what the market is going to do, but it doesn't give me an entry. Friday was a case in point. Friday Trading Frustration Thursday was a narrow range day. When a market trades in a range-bound … [Read more...]
