(From the archives) Redefining or changing a word in a sentence can provide the necessary psychological shift to see things in a different way. This different perspective can lead to different results (hopefully positive). Probably the most common redefined word in finance is “Loss” which is turned into “Investment in Education” or “Tuition”. I am… Continue Reading
Tag Archives: consequences
Cure for revenge trading.
Robert Sinn has a good post out today. You can read it here. He makes a point about always having the opportunity to control your destiny. We refer to it as being able to trade tomorrow. I was talking to a friend about a potential career move. It is a higher risk/higher reward move. The… Continue Reading
Resting orders, trading plans, and intuition/fear signal crossing.
Originally appeared November 2010 I have had a nice email exchange over the past week. Originally we had talked about pulling the trigger, I asked him to send me his trading plan. In addition he asked me my opinion on resting orders. A plan is only as effective as your ability to accept the consequences… Continue Reading
How you define an outcome (losing capital), effects future outcomes.
This originally appeared in March 2010. Redefining or changing a word in a sentence can provide the necessary psychological shift to see things in a different way. This different perspective can lead to different results (hopefully positive). Probably the most common redefined word in finance is “Loss” which is turned into “Investment in Education” or… Continue Reading
Letting the market come to you.
Talking to a client on the phone today: How has trading been since you got back from vacation? Really well. Awesome, what do you think is the difference? Just really relaxed, I let the market come to me. Two things. First, being able to just let the market come to you should be easy. It… Continue Reading
The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.
