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Trading Psychology

I am no expert in psychology. Just like all other traders, I went through all kinds of emotional troubles before finding my way to live with trading. Articles written on the subject are more personal experience than anything else.

I am a strong believer that by being knowledgeable enough in a subject (in this case trading), the emotional swings associated with the uncertainties will subside. The key here is not just knowledgeable in theory, but also fluent in applying the knowledge.

A good analogy is driving. You cannot drive a car by just learning it from a few video instruction sessions. You have to practice to get a feel how driving actually works. Better drivers do not necessarily driving cars many hours a day. It is the focus and the amount of time spent in fine tuning certain skills in driving that counts.

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Defensive Money Management Explained: When Your Trading Style Fails

Quite a number of fund manager and pro trader friends have experienced significant drawdown so far in year 2017. Partly thanks to the uncertainties of the current geopolitical environment, these veteran professionals all have expressed their frustrat ...

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Boy doing homework.
Self Improvement Starts From Studying Yourself Literally

I have worked with many people in improving their trading performance. I have also worked with people to improve other areas in their lives. Leaving the more technical psychology stuff aside, one thing that stands out in those people who can help the ...

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writing your trading plan daytradingbias.com
Writing Your First Trading Plan

One cornerstone in achieving trading success is the completion of your trading plan. I am not talking about a vague idea you have in place on how you engage the market. I am talking about a solid written plan that describe all aspects of your trading ...


Boy doing homework.
How to Shortcut the Emini Trading Learning Curve by 3 Years or More

Many beginner traders asked for shortcuts to get them to profitability. One very interesting common theme among them is the amount of time one can save from the learning process. It is well known that majority of people who try to day trade Emini S&a ...

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What Is Day Trading Bias?

Many people wonder why I name my website DaytradingBias.com and not something else with a catchy phrase involving Emini S&P or Forex. First, I was not web savvy enough back then to recognize that it is better to name a site with a catchy phrase s ...

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The Little Secrets Behind Traders Who Turned Around Their Trading Careers II

Many retail traders started their trading adventure because of the financial potential. During their journeys through the maze of the learning process, however, that dream of financial freedom slowly fade away and often replace by setbacks and pains. ...

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The Little Secrets Behind Traders Who Turned Around Their Trading Careers I

When beginner traders look for role models in trading, they often think of the big names in hedge fund industry or legendary investors who accumulated billions in their lifetime. Such idolization of great traders or speculators is actually doing more ...

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A Big House, A Nest Egg And A Few Triple Bypass

Past few weeks I was visited by many friends and relatives due to loss of my significant other. Many I have not seen for years. Some others, I have never heard of their existence until now. It is a very odd experience. It still hurts inside and I am ...


Breaking Your Day Trading Performance Barrier
Breaking Your Day Trading Performance Barrier

In the third part of the series, I have covered the psychological makeup necessary to compete against the other traders in the extremely competitive field of day trading. Those foundations will help you making the right decisions both inside and outs ...


Kick Start Your Day Trading Career
Kick Start Your Day Trading Career - The Right Way

In second part of this series, I proposed a new paradigm to think of trading skills development and the related expectations on trading performance. By accepting the new paradigm, traders can handle changes to their trading performances from a better ...


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