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Holiday Stress and Trading Pressure: How to S.T.O.P. the Torment

Holiday Stress and Trading Pressure: How to S.T.O.P. the Torment

The holiday season is here.  It’s time for celebrating and good cheer.  It’s also a time of heightened stress.  For many traders, who already feel lots of stress, the holidays can feel doubly difficult.  Trading and Holiday Stress We all know trading stress.  Recent losses and drawdowns can bring on stress.  So can managing a position, especially if it backs up on you.  Even profitable...

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Trading Fears – Why We Have Them And What To Do About Them

Trading Fears – Why We Have Them And What To Do About Them

Trading fears are not the sole domain of new traders, actually far from it. Much misunderstood, fear can hit at any time. The real issue about trading fears has to do with bumping up against your thresholds, which can happen at any time. Growth and Development, Evolutionary Universal Laws You are growing and changing all the time, for the most part not noticing that it is happening....

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Psychology: How To Stop Trading Hesitation

Psychology: How To Stop Trading Hesitation

Procrastination, and in particular trading hesitation, over your trade set-ups is very frustrating and detrimental to the health of your trading account and your emotional and physical well being. Whenever we observe behavior patterns that prevent us from trading profitably value conflicts born out of incorrect assumptions about your reality are always at the root of the issue. In a world...

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Performance Anxiety For Traders: 5 Ways to Overcome It

Performance Anxiety For Traders: 5 Ways to Overcome It

Performance anxiety for traders is the fear, or persistent phobia which may arise in a trader by the requirement to take a real trade, in real time, with real money whether actually or potentially. There are many causes of this anxiety which many times leave a new trader with too much fear to really trade. Fear sends them out of the markets to go join the 90% that did not make it. This fear...

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Trading Psychology: Clear Your Head

Trading Psychology: Clear Your Head

As traders, we try to maintain a high level of concentration and performance at all times. The focus is on trading plans and processes, risk and reward, indicators and charts, coding and strategies, and about a million other possibilities at any given time. Truly, it is impossible for any human to keep track of all the information available.When you get to the point where nothing makes sense...

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Forex Tips: When Trading Discipline Goes Too Far

Forex Tips: When Trading Discipline Goes Too Far

“Stick to your trading plan” is what we hear said all the time and I’ve been known to say it too.  Although that may be the best thing to do, if your trading plan is ok, there’s the odd time that crops up that makes you question it.Being a dedicated forex trader I’ve done some serious screen time.  Eyes locked furiously on the charts waiting for my setups, mesmerized by the ebb and flow of...

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Could Kahneman Be That Wrong?

Daniel Kahneman’s contribution to the world of behavioural finance is well documented. Before you completely dismiss me as heretic daring to challenge a man as revered for his achievements as Nobel laureate psychologist Daniel Kahneman, I invite you to consider the following point: Our reality, as has been described for thousands of years by the wisdom traditions and now shown to be correct...

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Psychology: Accept Your Losses, Be A Better Trader

Psychology: Accept Your Losses, Be A Better Trader

The number one trading topic that few traders want to talk about is the trading loss.  When was the last time you heard a trader say, “I had a fantastic loss the other day.  Let me tell you all about it?”  No one likes to lose money and the experience can be painful both financially and emotionally, especially if the loss is a large one.  It is natural to try to avoid losses.  Not talking or...

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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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5 Ways To Boost Belief In Your Trading

5 Ways To Boost Belief In Your Trading

One of the challenges of trading is that the market can reward you handsomely for bad trading behaviors, kick you badly when you trade well and everything in between.  Trading can be confusing and get you wracked with doubt as your equity curve whips around on the journey to riches.Doubt finds its way into our mind so easily that it’s seriously important to make war against it and actively...

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10 Ways A Trader Can Balance Trading And Life

10 Ways A Trader Can Balance Trading And Life

"You have power over your mind - not outside events. Realize this, and you will find strength." - Marcus Aurelius The weakest part of any trading system is the trader themselves. To be a successful trader we must manage our self. The ability to manage our own physical, emotional, mental, and spiritual health will go a long way in determining if we can maintain the energy and drive that it...

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E-Mini S&P: Banging The Close, The New Normal

E-Mini S&P: Banging The Close, The New Normal

The news was not very good in the last two weeks of May. Civil wars in the Ukraine and Syria. Saber-rattling between Russia and the U.S., between the U.S. and China, between China and Vietnam. A coup in Thailand. A mine disaster in Turkey. Elections in Europe that greatly increased the power of political parties that want to end the European Union. At home, retail spending reports that were...

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TraderPlanet: Top Stories

TraderPlanet: Top Stories

Spring is arriving and so has the latest edition of the TraderPlanet quarterly trading journal. This is the fifth edition of our free quarterly trading publication. The spring issue features an exclusive interview with Fidelity president Brian Hogan. Fidelity's Hogan oversees 500 employees and is responsible for the management of $850 billion in assets. He sat down with TraderPlanet in the...

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Trading And Spouse Relationships

Trading And Spouse Relationships

How trading affects our relationships and relationships affect trading In the past couple of months, I have received several e-mails from traders who were in emotional stress. With only minor corrections, the market moved up relentlessly for a year. This has been a difficult environment for traders, as a majority tends to fade market momentum, looking for volatility. I also received two...

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Overcome Fear In Your Trading

Overcome Fear In Your Trading

Why is it so important to be able to trade without fear? The reason is that the emotion of fear clouds your judgement and makes it hard if not impossible to stick to your trading plan.  For example, the  trader plans to enter a trade when it pulls back to a certain pre-defined level,  he waits patiently for the pull-back and when price pulls back it does so with a large candle and high...

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