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Mastering the Emotions of Trading:Harnessing Emotion and Thinking for Highly Effective Trading

Mastering the Emotions of Trading:Harnessing Emotion and Thinking for Highly Effective Trading

“Trade what you see, not what you feel.” This axiom of trading seems so right, it is undeniable that all traders need to strive to achieve it.  The only problem with this oft quoted remark is what you see is influenced by what you are feeling – no exceptions.  If only traders could see the facts clearly without feeling, then they would be freed from the tyranny of emotional reasoning.  Then...

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Trader Development, Four Things Traders Need To Know

Trader Development, Four Things Traders Need To Know

I have traded since 2001. Since that time I have come to understand that the most difficult thing to understand about trader development is the skills traders need to develop first have, on the face of it, nothing to do with trading. It all comes down to one fundamental thing, which traders seem unable to grasp: When you develop as a person you can’t help but develop as a trader. If you...

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Learn To Navigate Your Assets In Times Of Big Change

Learn To Navigate Your Assets In Times Of Big Change

One Risk Aspect Often Overlooked When Assessing Risk There are many aspects to trading risk. The risk to capital exposure due to excessive position size relative to one’s stops is obvious. Co-relation of your positions in today’s highly co-related markets is another aspect that must be considered, and, of course, you know about the risk of not diversifying your assets. But have you ever...

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Perseverance And Trading Success

Perseverance And Trading Success

“If you are going through hell, keep going.” --Winston ChurchillIf you are reading this article then you most probably chose trading as your career. It is the most rewarding business that I can even think of but also it can be one of the most frustrating and challenging jobs you have ever had to do. It is tedious; it requires a lot of discipline, dedication, persistence and ….the word of the...

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Secrets All Successful Investors Have in Common

Secrets All Successful Investors Have in Common

What do ultra successful investors like Peter Lynch, Warren Buffet, and Jim Rogers all have in common? When I study all truly successful investors, what I've found is they all have two strategies in common. Number one, they all have a system. Here's the interesting part, no one has the same system. Yet, they're all successful in their own right. So what's the secret to their system? They...

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Unbearable Boredom of Trading

Ah, glamorous life of a trader... Shimmering monitors, scrolling news headlines, whispering TV, hot coffee... You are alert, in control, overseeing and managing complicated situations... Suddenly something big develops, you catch a whiff of a big move coming, you are among the first to hear fresh news and evaluate just how significant it is - and on a moment notice you spring to action,...

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Is Market a Battlefield for You?

Have you ever heard something like "The market is a battle, be ready to fight with all you've got," or "The market is a war," or any variation of this theme? I bet you have, it's a fairly common theme. But is it true, or better question might be: is this a mindset that you want to adopt?Don't get me wrong - by no means do I want to present a marketplace as a happy place where refined...

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News - Trade'em or Fade'em?

Having commented lately on the influence the news flow from Europe has on the market and how sensitive this market is to those headlines, I received a very good question which made me realize that I should have written on this topic long ago. Here is this, very valid, question:"Vad, I am trying to reconcile these comments (on market sensitivity to Europe news - V.G.) you made in your trading...

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Simplicity: Why Don't We Appreciate It?

There is one curious phenomenon that I observe for a long while. You see, my trading approach is fairly simple (let's make a distinction at once -simple doesn't always mean easy). It's a few chart formations, reading the volume, assigning a transparent and logical structure to the setup and following the standard procedure once a trade is triggered. I admire the simplicity, I enjoy it, and I...

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Profit: How Do You Handle It?

Consistency is a sign of professionalism.Weird question, isn't it You pocket it, you smile, brag, drink, spend on that even bigger screen TV or even smarter phone... right Well, yeah - under one condition: after making that profit you managed to keep it. If you are anything like 99% of the rest of the players then the following complaint will sound very familiar to you:I started the day so...

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Analyzing Your Losses

by Adrienne Toghraie, Trader's Coach When a trader analyzes his losses, he learns about himself. If losing profits is not a compelling enough indicator to seek help, he will continue the pattern until he is out of money or it becomes too painful. The past equals the future in trading psychology unless there is a transformation of how he perceives his life.   Fear breeds fear When there is a...

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The Importance of Good Communication

by Adrienne Toghraie, Trader's Coach There has been a lot of talk about how the lack of good communication is a major problem in our politics and in our lives. While we over communicate in the area of blogs, twitters and tweaks, face-to-face communication is becoming a thing of the past. In face-to-face communication people have to confront problems where they do not necessarily have the...

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Secrets to Realizing Your Goals

by Adrienne Toghraie In almost every seminar that I have ever attended or presented the subject of goal-setting has been introduced as an important aspect for realizing one’s ultimate desires. There are many good models for setting goals. I have combined the points of the best models.  Here are some of the key ingredients in making your goals work both in your trading and in every other area...

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Repetition

by Adrienne Toghraie, Trader's Coach When you repeat a thought or action over and over it forms a familiar groove in your mind and neurology also known as an anchor. For a trader the results of creating an anchor can be rewarding or diminish profits. Examples of anchors set are: How you hold a golf club or tennis racket All rituals When walking, opposite arms swinging to legs Patterns in...

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It's Not Always The Obvious

by Adrienne Toghraie, Trader's Coach What is going on that you are not making a profit or not making the profit that you used to earn? Yes, we could say it is because of your computer breaking down, an argument with your best friend, or the fellow who cut you off in traffic. But perhaps if you look beyond the obvious, there is something that is going on with you that you need to address....

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