Mindset
Performance Enhancement or Core Beliefs? What Every New Trader Should Know.
Since my last post about differences of perspective on developing trader mindset, I’ve spent quite a bit of time this week trying to understand those differences of perspective - the Dr Brett Steenbarger, “enhancing trader performance” school, and the Mark Douglas, “core beliefs for trading success ” school.
While I don’t see any conflict between the [...]
If You Don’t Learn This Skill Early You’ll Always Wish You Had
In the comments of a recent post on theessentialsoftrading.com a conversation began about the relative importance of psychology in trading success. Someone referred to one of Dr Brett Steenbarger’s posts - The 3 Myths of Trading - in which he says that success is a function of talents (inborn abilities) and skills (acquired [...]
18Aug2008 | Mo | 0 comments | Continued
10 More Ways to Deconstruct Your Trading and Build a Better Plan
10 Ways to Deconsruct Your Trading And Build a Better Plan turned out to be one of the most poplular posts ever written here at Trading Advice, so here’s another 10.
This time with a specific focus on building a mental approach to trading that will always allow you to derive the most from your trading plan.
8Aug2008 | Mo | 3 comments | Continued
Top Lessons from Trading in the Zone - Part 1
Trading in the Zone by Mark Douglas is THE definitive handbook for establishing an effective trading mindset. Consistently profitable traders all over the world attribute a significant part of their success to the implementation of Mark’s thinking strategies.
The overarching premise of Trading in the Zone is learning the mental strategies that allow you to trade [...]
What is emotional clearing and how do you do it?
After a number of posts in which I refer to emotional clearing, I’ve been receiving emails asking for more explanation - so here goes:
We all have emotions, fear, anger, guilt, worry, shame etc. Traders and investors who are putting hundreds and thousands of dollars on the line each day are more prone than most to [...]
When Will Traders Believe It?
Its a funny thing… the information that new and struggling traders need the most, is the information they think they need the least. Its the element of learning to trade that is given the least attention, and often not at all, until its too late - until the bubble bursts, and the worst happens. But by then its often too late, the damage has been done.
29Jul2008 | Mo | 0 comments | Continued
Guide to regaining your trading optimism
This is ’take 2′ on this previous post which I discovered was only showing half the content. Sorry about that!
Here’s a blog post with some trading advice for one of the struggling trader’s toughest obstacles - staying positive.
Perhaps you’ve had a string of losing days or even months! Or perhaps you’ve started to become profitable, only to [...]
How To Put Your Past Failures Behind You And Move On To Trading Success
In the early days of trading, I once lost $1600 overnight because I made a mistake and left two contracts open. Another time I lost $400 and then another $1500 on a mad binge trying to get the $400 back. It was painful. Gut twisting, panic inducing, emotional hell. Not only in [...]
16Jul2008 | Mo | 1 comment | Continued
10 Ways to Deconstruct Your Trading and Build a Better Plan
Just like a mechanic, to be successful as traders we need to learn how to diagnose the different aspects of our trading and repair, replace, or adjust them. For some that’s a bit of fine tuning, for some its a complete overhaul!
9Jul2008 | Mo | 1 comment | Continued
Losing? How to Figure Out Where You Are Going Wrong
One of the most common questions we receive at Trading Advice is “where am I going wrong?”. To the new or struggling trader, there can often seem like such a mind boggling array of variables in trading, that it seems impossible to unravel the primary issues.
When you strip away your emotions on the [...]
