Trading is not easy but it also isn’t as hard as we make it. Here are three things that will help it be less hard. Trading Plan Have a plan already. You are just guessing and putting yourself through unnecessary stress if you don’t. You are taking a test without studying. Fall in love with… Continue Reading
Monthly Archives: May 2011
Preserving psychological capital
I did not create the term psychological capital but it is perfect. The problem with some goal setting is that it focuses on a result and not the process. The goal of trading is money, cash, greenbacks, dollars, loonies, pounds, liras, etc. But that does not happen without a process or journey. A process does… Continue Reading
Difference between a good scratch and a bad scratch.
By scratching, I mean getting out at or near where you got in, resulting in little to no loss or gain. When I enter a trade, psychologically that money is gone. I have assumed the outcome of a trade to be a loss, at least initially. This is not because I am pessimistic, but of… Continue Reading
Trapped in to taking a bad trade.
I said I have never taken a bad trade. That post sparked a few conversations and the best imagery I can come up with is an animal trap. (excuse the photoshop) Every trader puts themselves in a bad position at some point. This position makes the reward look great no matter the risk. Or they… Continue Reading
Video Q&A: We talk family, using a simulator, patience, athletics, and Mark Haines.
Sat down with Anthony and answered some questions we got from the viewers. If you are on twitter please feel free to tag your questions with #eminix We would really appreciate your feedback, if you like, hate, or think we are full of crap. Please leave a comment, a voice mail (312) 725-9121, email info… Continue Reading
Getting your loved ones to help you succeed as a trader.
Received an email that inspired this post. Every family is different in how they show support. Some offer money, understanding, someone to talk to, a place for a soft landing or some help by say nothing. While some only provide distraction and detraction. There are two things that you can do with distraction. Eliminate or… Continue Reading
Socionomics predicts Arab Spring?
Please do not take this as an endorsement of socionomics but I am finding their material at least thought provoking. As a trader it is important to take many points of view to understand your opponents. By seeking other sources our confirmation bias is revealed. I would be more impressed if they actually predicted “Arab… Continue Reading
Successful trading is doing what you have to do.
This is an oversimplified view but whenever someone asks me why I do something or how I learned a skill it is because I had to in order to be successful. How or why are you patient, discipline, work hard, passionate, etc? It all comes down to this; it is what I needed to be… Continue Reading
Interview with Jeffrey Carter (@pointsnfigures)
Originally appeared in September 2010 I have been extremely fortunate that many traders have taken the time to answer questions and provide guidance. It has helped me to advance as a person and a trader. Jeffrey Carter of pointsandfigures.com agreed to talk with me about markets and we also talked about women, food, and college football. He has… Continue Reading
Compete with yourself first.
When you can’t compete with the best, compete with yourself. I got into trading for the wrong reason. I saw money and the lifestyle. I was a cocky kid and I thought I would just make money for the rest of the my life because if anyone can do it, I can do it. I… Continue Reading
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