Three destructive habits that will kill your trading day, week, month, or career. Not having a plan. Get a plan, who cares if it is bad, start with something. You can build off of it and refine it. You have to be willing to spend the time to make the plan yours. You do not…
Tag Archive: emotion
Losing the battle to win the war.
I recently had to dump a friend. The relationship stunk, neither of us were getting anything out of it and that had always been the case. We ran in some of the same circles so we kept bumping into each other. It was volatile to say the least and we were pushed to our limits….
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…
Thoughts for a Sunday.
If you don’t have the creativity and flexibility of at least two scenarios than you can’t be a successful trader over the long term. Trading is the ability to see things in terms of another. What is the chart saying and how long before it gets its point across. A chart is art. It is an expression…
Can you be an emotional and a successful trader?
Micheal Bigger brought up that question this morning. I have be around many traders and every trader handles emotions in a different way. The problem with making a value judgment about emotions, is that we do it on the premise that what emotion means to you and what it means to me are the same….
Two essential things that are preventing you from recovering after a losing trade.
You are not a trader until you have come back from a brutal loss. Here are two things that may prevent you from getting you back faster. An inability to put into perspective time and money. The day in long and your career is as long as you want it to be or do the…
Trading is boring.
The first time I was on the trading floor my heart raced, my brain was going through sensory overload, and I fell in love. I never got the opportunity to trade on the floor. However, the first time I sat down at my trading station and the account was live I felt that same feeling….
