Tag Archives: money

Market Participant Hierarchy of Fears

How does yours differ?  How would you change it? 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, youtube and facebook. Subscribe to Traderhabits by email or to newsletter.Continue Reading

7 dirty words of trading.

This post orignally appeared in January 2011.  Be careful how you use the following words and phrases as they become road blocks or worse take you down the wrong path. Should– Phrases include: “The market should have” and “I should have”. Those phrases are often used to socialize losses. They are a strong signal somethingContinue Reading

Losses: Understanding value versus cost.

In a Bronx Tale, after C loans $20 to a guy who wont pay and he does not even like, Sonny explains that for $20 he never has to see him again. Louie! My grandmother’s sick. I’ll talk to you later, I gotta go do something. Where’s my f*cking money?  You’re fucking dead when I catch you,Continue Reading

E-mail: I am doing everything right and I am still losing.

I got an email yesterday and to sum it up it,it basically said “I am doing everything right and I am still losing”.  The most discouraging part of trading or really anything is learning what you do not know.  It is hard to measure the progress and many do not understand how or why theyContinue Reading

What if love is not enough?

Have you ever loved something so much and it just didn’t work out?  Maybe it is a sports team, an animal, or maybe you developed an allergy to cheese.  Whatever it is, you guys aren’t together anymore. Price action is the same way.  No matter how much you love a market or stock is it does notContinue Reading


Over the weekend a post came up in my feed a lot. AN ODE TO THE SHORT-TERM TRADER from zenpenny.com. I did not exactly read it with an open mind but it is one of the better ones.  I thought it was going to be another post telling people what they can and cannot do.Continue Reading

Looking before you cross.

I do not know what it is lately but it seems like I see a person risk their life or limb crossing a street or just run into people almost everyday. The first thing I wonder is what is so important that they would risk being injured.  Is there time that important?  If so, whyContinue Reading

Patience and “The Goal” Parable

I was talking to a mentor of mine, whom I will formally introduce soon.  He asked me to read something.  It was an adaptation of a parable about patience and the goal.  It went something like this: A guy goes to a trading mentor and says he has 3 days to learn to trade. Guy:Continue Reading

Three levels of trading success.

One of the big things that we teach our traders is the difference between a limit and a limitation.  A limit ensures you are in a good place mentally to take a trade.  A limitation prevents you from growing. Another important distinction in trading success and success in general is understanding the difference between aContinue Reading

How you define an outcome (losing capital), changes future outcomes.

(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 amContinue Reading

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