On Demand

Discipline Articles

Showing Articles 1 - 15 out of 29 found.

In Wild Markets Like These, Take A Page From Seneca The Stoic

In Wild Markets Like These, Take A Page From Seneca The Stoic

Volatility is back. And it’s back in force. We can thank Brexit for getting the ball rolling. A majority of investors get killed in markets like this. But it’s not because they have a bad investment strategy. It’s because they don’t stick to the strategy they have. As Seneca explains in his Letter II:  “…nothing hinders a cure so much as frequent changes of treatment; a wound will not heal...

Continue Reading

Sometimes The Best Move Is To Sit Still

Sometimes The Best Move Is To Sit Still

Michelangelo once said, “genius is infinite patience.” The best traders understand this truth on many levels. Markets are dominated by periods of time where there is “nothing to do.” There’s no clarity, just a bunch of noise. It’s during these times when amateur traders get overly active. They think just because they can make a trade, that they should make a trade. But in reality, there is...

Continue Reading

What Does Personality Have to Do with Trading Success?

What Does Personality Have to Do with Trading Success?

Does personality have anything to do with trading success?  This is a question that a great many of us have asked, and it’s not readily answered.  I spent over five years failing in trading before I was able to see what had hindered my success for so long. Seminars and gurus dominated my life for years.  I paid several thousands of dollars a shot just to spend a weekend with numerous other...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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,...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading
    1 | 2    
Membership is Free. Join Now in less than 5 seconds! Alternatively Join or Sign In here.