In the world of trading, you have to have strong mental acuity to succeed. Many new traders don’t realize that stock trading is a very mentally challenging task. Aspects like trading psychology require an understanding of your own mind and the minds of others. It’s not all facts, figures and a pinch of luck —…
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You don’t have to be a supporter of Modern Western psychology to understand the power of attraction, i.e., the power of our subconscious beliefs and their manifestations in real time. Everything we do and live is grounded on what we indeed think, feel and believe about ourselves, the world and everything else in between. Our…
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These days, everything is hectic. Between the demands of work, personal relationships, and the desire to spend time on hobbies, aspirations, and dreams, it’s hard to find the time to get anything right. Trying to do everything leaves you vulnerable to continually feeling disappointed (in yourself) for not doing better. We are often even attacked…
Invest in yourself. That’s what you are doing when you make knowledge acquisition a top priority in your life. There’s a billboard-size sign hanging in the workout room at my local gym. It says: “Never Stop Moving.” We should all have a similar sign hanging somewhere, even if it’s just in our minds: “Never Stop…
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…
The Reality of Day Trading In many recent interviews with academy teachers, we received a growing number of requests from students regarding interviews with real traders who weren’t marketers. Although there is nothing wrong with marketing your trading success, there is also a bit of biased information out there as everyone competes to say their…
Day Trading. Most people have heard that term before, and it is usually followed with some form of negative comment or reaction. So, what is day trading and is it as bad as people say it is? After trading the markets for over 11 years, I thought I’d set the record straight and not only…
In an active pursuit of happiness and success, people are willing to take as many different roads as they find. While there is nothing wrong with trial and error system, some get lost in trying, without even having an opportunity to make a single error. They get distracted by new ideas time and again and…
Planning for the future inevitably involves thinking about finances. Ideally, one should have money in savings, a retirement account, and even an investment fund. Unfortunately for many U.S. residents, that’s not the case. About 40% of Americans would not be able to afford an unexpected $400 expense without going into debt, whether through using a…
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We are finally in 2021. The holidays have passed well and looks like we are ready to start a new year. I don’t want to give you more of the same with lots of charts and analysis, patterns, mistakes, reviews, trade ideas. I would like talk to you about the psychological side of trading. As…
