Trading Psychology: Let Go Of Controlling Your Trades
When I talk with traders who seek my assistance with their trading challenges a big issue is the challenge to hang on to a good trade. We find it very…
Trading Psychology: Breaking Bad Trading Habits
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…
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. …
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…
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…
Trading Psychology: Are You in Trading Denial?
Have you been caught holding onto a bias in your trading? Most traders have. A bias can be highly detrimental to trading, causing wrong trades and missed opportunities. It can…
Trading: Don’t Throw Good Money After Bad
A gambler calls it “doubling down”, a trader calls it “cost averaging.” I don’t care what you call it, it’s the same thing. There is nothing wrong with doubling down…
Trading Psychology: Listening to Testosterone?
I worked with a client recently who when he signed up for coaching had lost about $215k over the last few years trading fast moving stocks that gap up or…
Trading Psychology: Of Rabbits And Raiders
I read an interesting article today on the AAII website by Lee Freeman-Shor, a seasoned portfolio manager based in the U.K. who has a keen interest in the psychology of…
Trading Psychology: Playing Defense?
“You are being watched.” Person of Interest Except for the Tennis Channel, I never watch network or cable programming because the commercials annoy me. Instead, I’m one of…
Pulling Yourself Out of a Trading Slump
Trading the market is all about outcomes, and it’s no surprise that we are driven to win every single day. When you’re plugging along and banking some nice wins, all…
3 Mistakes That Kill a Trader’s Dream for Success
Many traders have strong aspirations of becoming highly skilled and profitable. When they fail to reach their dreams, however, it’s almost always due to trading psychology. Let’s review three common,…
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…
8 Ways Traders Can Make Sense of Social Media “Noise”
Considering the average trader, advisor, and investor has a slew of information to sift through on a daily basis, one of the key components is to have the capability of…
When to Admit You Made a Mistake
Trading and investing is a tricky business. As the Judge in ‘My Cousin Vinny’ said, Win some, Lose some. If we’re on our game, we’ll get far more right than…
Top Ten Trading Psychology Myths
1. People are born traders. Although certain personal characteristics can make it easier to trade, no one was ever born a trader. A main theme of Jack Schwager’s Market Wizards books…
Discipline Out The Window?
It’s a tough market out there. Although the VIX at 19.61 doesn’t reflect any real fear, for intraday traders the whipsaws in index-correlated names have been extreme. Moreover, most traders…
Are You Making any of These 3 Trading Psychology Mistakes?
Many traders with aspirations of becoming a great trader fail because they blow their trading psychology. Let’s take a look at 3 of the worst mistakes traders make with respect…
Psychological Barriers: Fear of Missing Out
One of the four fears of trading is the fear of missing out. The late Mark Douglas, author of ‘Trading in the Zone’ talks about the relevance and how to…
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…
The Primal Reason For All Your (Trading) Challenges Nobody Tells You About
Let’s go straight to the heart of the matter: No, it is not your fear of losing, it isn’t your inability to read the market correctly, nor is it your…
Trading Thrills: A Hazard To Your Financial Health
I used to watch CNBC pretty much all day. Every uptick and downtick of the S&P, the Nasdaq Composite and the Dow – I was right there. IPOs? Sure, I…
20 Trading Truths I Learned the Hard Way
I have been fortunate to get the opportunity to participate in some great stock market environments over the past 20 years. I started in the early nineties building capital and…
Three Questions With The Power To Transform Your Trading
There are three simple but powerful questions which can transform our trading when we ask them of ourselves consistently over time. They are powerful because they form the basis of…
