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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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 ...
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 ...
Mailbag: Stop Trading When You Are Tired
Received a subscriber's question together with his trade records organized in an Excel file. He asked how he can improve his trading performance as he is very frustrated that there seems to be a barrier blocking him from performing better. Make no ...
Received a subscriber's question together with his trade records organized in an Excel file. He asked how he can improve his trading performance as he is very frustrated that there seems to be a barrier blocking him from performing better. Make no ...
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 ...
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 ...
The Dilemma Of Fund Managers With Large Institutions
Majority of long term funds (i.e. not hedge funds) are all under performing the S&P 500 for 4 to 5 years in a row. Many people are expressing frustrations against the fund managers while some others are having fun making jokes about them. I guess ...
Majority of long term funds (i.e. not hedge funds) are all under performing the S&P 500 for 4 to 5 years in a row. Many people are expressing frustrations against the fund managers while some others are having fun making jokes about them. I guess ...
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 ...
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 ...
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. ...
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. ...
The Misunderstanding Of Trading Skill Development
Many people have learned that top day traders can make a lot of money. The idea of being able to day trade and forget about the markets by the end of the day is very sexy. It is also toxic like an addictive drug to most of the people who give trading ...
Many people have learned that top day traders can make a lot of money. The idea of being able to day trade and forget about the markets by the end of the day is very sexy. It is also toxic like an addictive drug to most of the people who give trading ...
The One Character Trait That Predicts Trading Failure
Story At A Busy Pharmacy I went to this hospital pharmacy to pick up some special prescription. There were many people there. The place was jam packed. I thought it would be a very long wait. I was planning in my mind immediately on how to better sp ...
Story At A Busy Pharmacy I went to this hospital pharmacy to pick up some special prescription. There were many people there. The place was jam packed. I thought it would be a very long wait. I was planning in my mind immediately on how to better sp ...
Top 3 Day Trading Secrets for Success In Forex And Index Markets
Day trading (or daytrading) can be a very profitable business. It also has the advantage of being your own boss and keeping your own time schedule. Many ingredients to day trading success is well known - lower leverage, trade only better risk reward ...
Day trading (or daytrading) can be a very profitable business. It also has the advantage of being your own boss and keeping your own time schedule. Many ingredients to day trading success is well known - lower leverage, trade only better risk reward ...
Visualization of Trading Performance Progression
In the first part of this series, I have explained that majority of traders have a misconception of the way trading skill is developed over time. That misconception leads to wrong expectations from the progress in their trading performance. The wrong ...
In the first part of this series, I have explained that majority of traders have a misconception of the way trading skill is developed over time. That misconception leads to wrong expectations from the progress in their trading performance. The wrong ...
