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...]
Market Drives to New Swing High
I was anticipating a pullback in the US Stock Market this week. I had seen some weakness in the market as described in this post (click to read), but that did not materialize. Instead, the market pushed up and drove to a new swing high. Game Plan & Routine Coming into the market's US morning session yesterday, I was looking for a short opportunity. My game plan was to … [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...]
Traders’ Expo New York
I just got back from the Traders' Expo in New York (I beat the snow!). As always, it was fun to see all the hoopla, make new aquaintances, and see old friends. I especially like to see traders who have taken classes with me or have traded emails. It is always good to see how they are doing. I wasn't there to make a presentation this time - just a spectator. And actually, … [Read more...]
