Many traders, both new and experienced, can become overwhelmed with anxiety when trading. It can be tempting to rush into a trade, seeking the thrill and excitement of the market. This unguided enthusiasm is similar to the feeling of visiting a casino, game room or amusement park. The euphoria of trading can be all-consuming, and…
Read More “Are You Trading For A Living or Living For A Trade” »
One basic need human beings have is certainty. We’re always looking to provide a measure of certainty to our lives. It provides for us a ‘warm fuzzy’ feeling to know that we can live day to day and sure that our necessities for survival are met. However, in the markets, there is NEVER 100% certainty…
I’m Cliff, I run the “Coaching with Cliff” group here at Live Traders. Recently, my wife and I were looking for a movie to watch and we settled on City Slickers. As I watched, I was struck by the powerful message it conveyed about why we all sometimes find ourselves stuck in a rut. Billy…
Read More “Unlock Your Greatest Potential: Is Coaching Right for You?” »
Trading psychology is an important yet often overlooked aspect of trading. It is a field of study that focuses on how traders think, act, and react in the markets. It is a combination of cognitive science, psychology, and economics. Trading psychology seeks to understand why traders make the decisions they do, and how this knowledge…
I’m going to share something with all of you but first, I want to ask you a question. How do you feel about uncertainty? How does it make you feel inside? When you think about uncertainty, what is the trigger inside you? For 23 years, I was a high profile dating coach. I had a…
In trading a lot of people will tell you that trade management, along with mastering emotions are the most important factors to success. While I agree they are very important to success…they are entirely MEANINGLESS without proper, solid money management. Sadly, this is where far too many traders destroy their trading hopes and dreams…namely in…
Having a positive mindset is an essential characteristic of successful traders. While trading cannot be reduced to simply having a positive attitude, having a positive mindset is an important factor in gaining long-term success and managing difficult market conditions. In the following essay, we will discuss the importance of mindset for traders and the implications…
You know what’s interesting? Trust. How many times have you back tested strategies and during the back testing, you realized that this strategy actually works! When I was a well known dating coach, I knew a cool guy that used to come and help out at the boot camps. He was great at talking to…
In my 20+ years as a trader and trader coach what I’ve learned is that trading is never easy. It’s hard when you’re losing, where it feels like nothing is going right. It’s also hard when you’re winning, where it starts to feel so natural you just let yourself slide a little, stop doing the…
As with most new traders, they have lofty goals, and high expectations, usually in short periods of time. So, your goal of completely quitting or leaving your job in 6 months is definitely possible, but it will be VERY challenging. This is not an easy business. I want to put that on the table right…
