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...]
Are You in Trading Denial? A Solution to Trading Bias
Trading Bias Leads to Denial Have you been caught holding onto a trading bias? Most traders have. A trading bias can be highly detrimental to trading, causing wrong trades and missed opportunities. Trading bias can trigger mental and emotional events that raise stress levels and can make any situation go from not so good to terrible in a flash. Trading Bias: Smart People … [Read more...]
Are You Trading for Comfort?
One of the most basic of human instincts is to avoid pain and to seek comfort. This makes sense. No one wants to experience pain; we prefer pleasure and comfort. In trading, however, pursuing what’s comfortable is frequently not a good idea. Trading for Comfort There are many examples of trading decisions that are made for comfort but turn out to be the incorrect play. … [Read more...]
Signs Your Trading is on the Right Track
Trading on the Right Track Is your trading on the right track? Do you know the signs to look for to show you it is on the right track? We're always thinking about where traders go wrong, the mistakes mistakes we make, and other negatives. That's human nature. But it’s also important to remember to pat yourself on the back once in a while when things are going well. In this … [Read more...]
4 Steps to Bring the Awesome Power of Belief into your Trading
Bring Vital Belief into your Trading Everyone knows that belief in oneself contributes immensely to success. This is true for any endeavor—whether it be in trading, sport, entrepreneurship, the professions, or the arts—and at any level, from novice to expert. In trading, the best traders have a positive self-belief most of the time. They weren't born with it; most learned … [Read more...]
