When you think of a large cruise ship and the way that it’s run. Who runs the ship, the captain or the crew? If you’re like most people you would say the captain….. and you’d be wrong. As you think about all the things that need to be done on the ship, keeping the engines […]
Trading Psychology
We Overestimate What We Can Do in a Day and Under Estimate What We Can Do in a Lifetime
“We Overestimate What We Can Do in a Day and Under Estimate What We Can Do in a Lifetime” – Tony Robbins I commonly hear from traders who come into this business expecting to buy some program, spend a few months back testing, and become a professional trader. It doesn’t happen that way. If we […]
A Smooth Sea Never Made a Skillful Sailor
People are made for challenges. When we respond to challenges, we become alert. As we move and think to overcome those challenges, we build physical and emotional muscle. We open up our bodies and minds to new possibilities. We learn and grow at an astounding pace, becoming stronger and creating amazing things. In the absence […]
Super Trader!
Being successful at trading is really quite simple. Follow a certain set of principles over an extended period of time and eventually you’ll produce great results. Unfortunately learning, and more importantly applying, those concepts can be quite challenging. This is especially true when the process is approached with the wrong psychology. And if you think […]
The Importance of Commitment
One of the most important lessons I’ve learned as a success coach is that becoming successful at anything requires three critical elements. First is having a goal. Goals provide us with a target and a direction. This helps us determine which information to pay attention to what to ignore. It also helps us determine which […]
Don’t Lose the Trade Before You Enter It
Trading is similar to playing sports at an elite level, they‘re both mentally demanding. In fact it is quite common in sports for a highly gifted athlete with a compromised mindset to lose miserably against a much less talented competitor utilizing the proper mindset. Trading is the same way. You can know everything about charting, […]