Every trader starts off on a simulator, most do well. I am not for or against simulating trading, it is important. When smacking up against the reality of real money it is important to retrain yourself from the sim mindset. It is nice to lob up half court shots all day but it only… Continue Reading
Monthly Archives: September 2011
Why you need to develop your mental talent.
One part of mental talent is the ability to know yourself. Separating what is happening to you from what is happening and acting in an optimal manner. From an athletic perspective it is a way to overcome superior athletic ability. From a trading perspective, it makes it possible to compete with superior technology, better information,… Continue Reading
Video: How a technical trader uses the news, don’t get in a hurry, and making $100k in a day
Get your questions in for next weeks show by emailing info@eminiexecutors.com or tag your tweets 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 @ traderhabits (dot) com or twitter, stocktwits, and facebook. Subscribe… Continue Reading
Your state of mind when you take risk is as important as the risk.
I could probably write or talk about risk for days. As a trader you have to be comfortable with risk. This often means redefining it. Part of redefining it is knowing your state of mind when you take risk is as important as the risk. There are times when the risk looks different because of… Continue Reading
The difficult things every trader must overcome.
Yesterday I sent out a tweet asking what the three hardest things for a trader to overcome. The things that are hardest to overcome are what makes a long career possible. In the past and today, when I come up against these challenges I revert back to this question: Do I want to be a… Continue Reading
Getting out of the retail mindset.
I want to preface that my post, 3 differences between a professional trader and a home gamer, is nothing against retail traders, first I am never going to intentionally insult a client and secondly any trader is subject to shifting into either mindset. There are distinct differences between the professional mindset and a retail mindset.… Continue Reading
How coins have evolved throughout history.
Who said gold isn’t money? Source: http://visual.ly/evolution-coins-throughout-history 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 @ traderhabits (dot) com or twitter, stocktwits, and facebook. Subscribe to Traderhabits by Email… Continue Reading
Infogragh of infographics.
Because we do not have enough infographs and certainly not enough infographs about infographs. Source: http://visual.ly/infographic-infographics-0 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 @ traderhabits (dot) com or twitter, stocktwits, and facebook. Subscribe to Traderhabits by Email… Continue Reading
3 differences between a professional trader and a home gamer.
There are at least 3 differences between a professional trader and a trader who wants to be a professional. Can look past current trade. Just like every move does not mean another trend neither does every movement in the P/L. Satisfaction or disappointment comes at the end of a trading day, trading month, or never. Entry price… Continue Reading
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