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...]
Trade Mindfully: The Critical Skill of Mindfulness in Trading:
Trade Mindfully My book, Trade Mindfully, is the first book to detail the benefits and application of mindfulness in trading. It's at the printers now and is due on the bookshelves December 3rd. You can pre-order for quick delivery, and the Kindle version is now available, if you prefer the electronic format. Here is a link to the book in both formats at amazon.com: <br … [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...]
When Your Analysis is Wrong – A Lesson in Trading Psychology
Last night, I was looking for the market to react and begin to head lower today (see last post below). That analysis turned out to be wrong. How do you salvage a trading day when your analysis turns our to be flawed? In truth, there are many days that my nightly analysis turns out to be wrong, or, more correctly, the market doesn't do what I anticipated the night before. It … [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...]
