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Trading Psychology: Avoid The Prediction Trap

Trading Psychology: Avoid The Prediction Trap

When I sit down to write for TraderPlanet, I typically mull over things that have occurred the same day in my coaching practice. It seems the fresher the experience, the more easily it can be milked for a few drops of insight. Tonight I had the pleasure of working with an aspiring futures trader, a corporate pilot by day who has dreams of retiring from flying and leveraging his navigational...

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How To Profit In Thin Liquidity Environment

How To Profit In Thin Liquidity Environment

It is a fact that liquidity in the markets has been decreasing for some time now. This is not just a feature of the holiday period, but certainly is more noticeable between mid July to around the third week in August. Thinning liquidity is in part due to the over mature long term cycle we are finding ourselves in.   Banks cannot trade as they used to due to tightening of regulations, low...

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How To Develop True Trading Confidence

How To Develop True Trading Confidence

Brett found trading confidence elusive.  "If only I was more confident, I'd be a better trader," Brett explained.  What might cultivate more confidence?  "Making more winning trades, of course."  Sorry, that’s the wrong answer. The Source of True Trading Confidence Trading confidence doesn’t come from the number of winning trades, how much money was won, or other ‘statistical’ measures. ...

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IPOs: Watch This Healthy Pet Food Maker

IPOs: Watch This Healthy Pet Food Maker

Before the market opens on Wednesday, July 22, healthy pet product maker Blue Buffalo Pet Products’ (BUFF) 29.5 million share IPO is expected to price within a range of $16-$18. The lead underwriters on the deal are JP Morgan and Citigroup. BUFF’s IPO comes on the heels of another healthy pet food IPO, Freshpet (FRPT), which went public on November 7, 2014. Taking a look back on how that IPO...

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Creative Visualization For Improved Trading Results

Creative Visualization For Improved Trading Results

Regular visualization is proven to improve performance by up to 10%. Professional athletes use it to improve performance, yet traders are for the most part unaware how this tool could have a positive impact on their trading results: At the beginning of this year I started working with a group of professional traders to help them improve their trading performance.  The group was given a novel...

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3 Problem Trading Behaviors: How To Solve Them

3 Problem Trading Behaviors: How To Solve Them

It’s worth reminding ourselves that every trader is responsible for their trading actions and behavior. How we behave or act (i.e., what we do or don’t do) when trading will largely determine our trading success.  Here are 3 common day trading problems related to how traders act.  Left untamed, they will lead to failure.  All are within the control of the trader and can, therefore, be...

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Are You Taking The Markets Personally?

Are You Taking The Markets Personally?

Don’t fool yourself: I know that you take it personally when a trade goes against you, and how can you not? After all your trading results reflect your skill level as a trader, or don’t they?   I have been trading since 2001. Like many traders before me I started out with a big ego and a strong “can do” attitude. It wasn’t long though before the market showed me a very different aspect of...

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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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Predicting the Market: Are The Experts Really Expert?

Predicting the Market: Are The Experts Really Expert?

W. D. Gann – a trader active during the first half of the 20th Century and a developer of unique analytical methods, such as the Square of 9 and Gann Angles – was reputed to be able to predict within a few ticks the top and bottom of a stock’s range within a specified period of time.  Richard Wyckoff claimed that Gann’s trading ability was so good that it was “… probably unparalleled in the...

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Miss This Six-Year Bull Run? Don’t Beat Yourself Up, Be Mindful

Miss This Six-Year Bull Run? Don’t Beat Yourself Up, Be Mindful

The Nasdaq Composite Index reclaimed 5,000 for the first time since 2000, stirring investor’s emotions.  Some investors are in high spirits.  They feel good about the money being made from the Naz’s strong momentum and the promise of still higher prices to come.  Many other investors feel disheartened, however, because they haven’t been in the market enjoying this wonderful bull advance....

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How Hidden Flaws in Your Decision-Making Affect Your Trading

How Hidden Flaws in Your Decision-Making Affect Your Trading

Too many traders, trading psychology means dealing with negative emotions like fear and greed.  We all know that negative emotions can cause trading difficulties.  However, many of us don’t know that the way we think can cause big problems, too.  We can be blind-sided by our thinking and decision making—especially when we use our normal, everyday problem-solving approaches in trading.  These...

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The Life-Cycles of Stocks Part 1: Tesla Motors

The Life-Cycles of Stocks Part 1: Tesla Motors

In many ways, stocks are like people. They each have their own “life-cycle” of birth, growth, maturity, and eventually death.” What sets stocks apart from humans, however, is that some of the best companies are able to have several life-cycles, as they continually re-invent themselves by developing new, innovative products that in turn drive a new sales cycle and, hence, a new price cycle in...

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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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Why Smart Traders Do Dumb Things

Why Smart Traders Do Dumb Things

"Everybody's got a plan until they get punched in the face."Mike Tyson In the past 10 years, we have helped hundreds of retail traders learn to trade futures. Most begin by using a simulation account – paper trading – and most of them quickly learn to trade profitably ... as long as they aren't trading real money. But many of the same people who can accurately assess opportunities and...

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