Emotional carryover is when you let the circumstances of one event affect your behavior in another. For example, last month I spent over an hour on the phone with my credit card company and I was really worked up. I turn around and my daughter comes over to give me a hug and the next […]
Trading Psychology
Excellence vs Perfection
Being an awesome trader isn’t about being perfect. As a matter of fact, being perfect is impossible. When you compare yourself to perfection, you are comparing yourself to an unrealistic ideal. When you compare yourself to an unrealistic ideal, you will never be good enough and always end up frustrated and disappointed. A different strategy […]
There is no failure, only feedback!
A large percentage of traders look at trading losses as a major disaster, even when it’s only a small loss. They attach all sorts of crazy meanings to the loss and beat themselves up. They’ll say things like “I’m a failure” or “my trading system doesn’t work” and picture themselves as some kind of loser. […]
Stress and Trading
Stress can be the biggest enemy we face as traders, therefore, it’s vitally important for you to understand where it comes from and know how to deal with it. First of all recognize that stress can be good as well as bad. Stress is great when something’s wrong and it prompts us to take action. […]
Enhancing Trader Performance by Taking Some Nasty-Tasting Medicine
This is an awesome post from my friend David Blair and includes great writings from some of my other friends and well known trading educators. Enjoy! Enhancing our trading performance means we must swallow some nasty-tasting medicine from time to time. But I have found the nastier the medicine the quicker the cure. Here is […]
Are you “in the zone”?
When we are in “the zone”, we are totally focused on what we’re doing and fully engaged with the task at hand. We are focused on taking the best path to achieve our outcome. For those of us who trade this way, we fully understand the benefits both personally and financially of such a powerful […]