Mindset
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. 4Aug2008 | Mo | 1 comment | Continued
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 [...] 4Aug2008 | Mo | 1 comment | Continued
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
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 [...] 7Jul2008 | Mo | 0 comments | Continued
Is your blood sugar affecting your trading without you even realizing?
This is a slightly different piece of trading advice than the usual! But don’t say that we don’t tell you everything you may need to be successful!! A few years ago I started to have really bad migraine headaches during and after trading. You can have a profitable trading method and a great mindset, but if [...] 17Jun2008 | Mo | 1 comment | Continued
Clearing the way for trading success
What’s standing between you and consistent profitability? Even having found a method that others use profitably, many traders still struggle to turn a profit, using exactly the same method. If you’ve read some of my early blog posts you’ll know that this was my own painful experience. Having overcome it and gone on to make a [...] 15Jun2008 | Mo | 2 comments | Continued
