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Stressed Out? Extend Your Investment Timeframe

Stressed Out? Extend Your Investment Timeframe

Are you a P&L addict? Do you constantly check your account balance minute after minute, day after day, wasting your time and most likely killing your returns? You’re probably aware of the teenage addiction to social media. These kids live for the little notification on their phones, telling them that someone liked their Instagram photo. It’s an instant dopamine shot that feels amazing....

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Trading Psychology: Align With The Energy Of The Markets

Trading Psychology: Align With The Energy Of The Markets

The recent sidelining of the markets, followed by the final break down yesterday has tested many trader. If you were long you probably lost money if you were short you probably lost money. I know, it still seems like a paradox to many traders: Understanding the nature of life is the most important thing you can do to align with the markets’ energy. Understanding and tuning into the rhythm of...

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Trading Psychology: Are You Trading for Profit Or Excitement?

Trading Psychology: Are You Trading for Profit Or Excitement?

There is a general perception among the non-trading public that trading is a very exciting occupation, and that there is a high reward waiting for you if you know how to do it correctly. By high reward, I mean making “a killing”, buying a sports car and a yacht, building a mansion, having a private butler, and so on. Unfortunately, this vision is very far from reality! The fact of the matter...

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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...

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What Are You? A Turtle Or A Cheetah Trader?

What Are You? A Turtle Or A Cheetah Trader?

The illusion of speed panders to many a trader’s excitable mind: The mind perceives the slow, steady turtle to be rather boring favouring the excitement of the immensely fast cheetah. Speed is often mistaken as the fast track to monetary gains. It is an issue that has many traders lulled into overtrading, trading off too small a time frame in the hope of achieving quick, repeatable results....

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Trading Psychology: Are You Trading for Comfort?

Trading Psychology: Are You Trading for Comfort?

One of the most basic of human instincts is to avoid pain and to seek comfort.  This makes sense.  No one wants to experience pain; we prefer pleasure and comfort.  In trading, however, pursuing what’s comfortable is frequently not a good idea.  Trading for Comfort There are many examples of trading decisions that are made for comfort but turn out to be the incorrect play.  For example, a...

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8 Steps for a Perfect Trading Plan

8 Steps for a Perfect Trading Plan

Everyone talks about having a trading plan, but what should be in it? In the first of two part series, we will be looking into the foundational ingredients of all trading plans. I had to think about this for a long time myself, when I first started out.  I attended all the seminars, and I read all the books, and I was constantly hearing that I needed a trading plan, but no one explained what...

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Trading Psychology: Be a Healthy Trader

Trading Psychology: Be a Healthy Trader

Most people would agree that being healthy is one of the most important things in your life, whatever your profession.  As a trader, you may have already experienced the stress that goes with trading.  In fact, trading is fraught with stress, and stress—especially the kind of chronic stress many traders are familiar with—can be very damaging to one’s health.  Chronic stress has been linked...

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Trading Psychology: Waiting for an Ambush?

Trading Psychology: Waiting for an Ambush?

I have a question for you this week: When you are trading, do you feel like you are waiting to be ambushed? It wouldn’t surprise me if that’s the case because markets are highly random and difficult to predict, so active traders get ambushed all the time. An ‘ambush’ is when the market suddenly does something adverse and costly that you did not expect. It could be news driven or the result...

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Trading Lessons: The Mountain Top Is Lonely

Trading Lessons: The Mountain Top Is Lonely

I've been to the top of what is called 'trading nirvana', a place where I thought I would have plenty of company.  Back in my early trading days, I thought there was nothing bad that could touch me.  As you recall from a previous article where I turned a small sum of 7K into a nice amount over half a million in just a few years.  This was 'it' for me, and while it was far from a fortune I...

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Making Trend Trading Easy: A Dynamic Tactic

Making Trend Trading Easy: A Dynamic Tactic

Trends can be vexing for many traders.  Because trends happen less frequently than congestion, we can easily get lulled into buying and selling the extremes.  In a trend, this can be disastrous.  Many traders who make good money fading short-lived market moves give it all back when a trend gets going.  It can be hard to shift gears. Making Trends Easy: The Right Multiple Time Frame Combo...

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Negative Headlines: The Masses Are Gullible, Don't Get Sucked In

Negative Headlines: The Masses Are Gullible, Don't Get Sucked In

 Surge in negative Headlines usually very good Omen for the Markets Watch out for emergencies. They are your big chance. Fritz Reiner Over the past few weeks, the number of individuals in the neutral camp rose, as did the number of bulls, and only the number of bears experienced a drop.  When we combine the neutrals and the bears, the total is 72%, and that tells us that the sentiment is...

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Trading Psychology: Mindfulness In Trading

Trading Psychology: Mindfulness In Trading

Mindfulness is an ancient mental discipline that arose in the yogic traditions in India and China thousands of years ago. It is a simple presence of mind that can be a bit elusive to maintain because it is so exquisitely focused on the here and now. Interestingly, its benefits for stress reduction, concentration, self-awareness and productivity have been validated by modern research. No...

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The Awesome Power of Belief: 4 Steps to Bring Vital Belief into your Trading

The Awesome Power of Belief: 4 Steps to Bring Vital Belief into your Trading

Everyone knows that belief in oneself contributes immensely to success.   This is true for any endeavor—whether it be in trading, sport, entrepreneurship, the professions, or the arts—and at any level, from novice to expert.  In trading, the best traders have a positive self-belief most of the time.  They weren't born with it; most learned to develop it.  But even the most successful traders...

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Trading Psychology: Moving Beyond Fear

Trading Psychology: Moving Beyond Fear

Fear is a powerful motivator and a 'healthy' emotion. One thing people often don't realize when thinking about fear, however, is that fear is triggered not only by danger, but also by opportunity… the flip side of danger. And in fact, in trading the two are inseparable.  As a result of this split, there are two types of traders, those who are mostly motivated by the fear of missing out… and...

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