I talk a lot about emotions in these articles. Why is that? Mainly because emotions are what is going to cause you to lose or make money on any given day. To succeed you need to trade with as neutral a frame of mind as you can muster. With everything going on in the world…
I’ve written before about trader burnout and the need to take time off. But I think burnout can be caused by more than working hard. Many traders have fallen into the technical traders’ trap. They are out of shape, have no business plan or trading goals. They typically trade emotionally and many jump around from…
Read More “Add Balance to Your Life and Celebrate Progress” »
Many times, when people embark on a new endeavor, they become so excited about the bigger picture that they forget about the smaller details. Trading is a very challenging and demanding business. However, many people think it simply involves waking up 30 minutes before the market opens and ends when the market closes. How nice…
One of the things we focus on the least when we begin to learn to trade is dealing with our emotions. This is a sad situation because dealing with emotions is probably the most important part of what we must do on a day-to-day basis. If you don’t have a sound emotional game, you won’t…
The most famous last words for the average trader: “I’ve got it figured out.” The moment you believe this, you create the conditions for a long and difficult downswing. It’s not superstition. It’s about the way you carry yourself. What you need to know is that when you believe you’ve got everything figured out and…
