These Commandments of Trading Discipline are time tested bits of wisdom that will help lead any trader that implements them to trading mastery! 1) Trade free from fundamental prejudices. Hold no judgment on a stock. Don’t try to rationalize a losing position or fall in love with a winning one. A stock may have its…
The key to success in trading and investing is to be ready to change your bias as the market shows you the way. I learned a long time ago that I could not MAKE the market do what I wanted. Rather I had to learn to read the market charts properly and adjust accordingly. Knowing how…
Your level of confidence as a trader can have a tremendous impact on your success. The more confident you are, the less time you will spend second-guessing your decisions and the more positive energy you will focus on your desired outcome. Confidence is based on two things: what you do and who you are. When…
Many of you who are in your first year of trading have probably found some facts to be true. The market is not conquered by discovering a magical technical indicator. It is also not easily conquered just because you are willing to work at it 20 hours a day. It is also pretty frustrating to…
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…
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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…
