Archive Monthly Archives: August 2017

Trader Case Study: How Kim Brought Process to Trading

When I was a commodity broker for Merrill Lynch (yeah, over 3 decades ago), my clients who lost the most money tended to be doctors and lawyers. This is because they were so used to having the power to shift their environment, that they just assumed that because of the power of their personality, their […]

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You Can’t Solve Irrational Trading Behaviors with Your Rational Mind

You can’t solve your irrational trading behaviors with your rational mind! When we deviate from our trading plan or our carefully constructed intuitive and discretionary trading processes, we do so not from our neo-cortex, our rational brain, but we do so from a survival part of ourselves. Thus, when we wake up in the morning […]

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The Mental Game of Trader Training: Words Matter

The first thing to do when looking for a trading coach is to eliminate the trading coaches that are less likely to be helpful. The first thing to be aware of is the language that the trading coach uses. Notice if these words are in their written materials or come up in your interview. 1. […]

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Angry man Bob self awareness

Self-Awareness Exercise

Story: Bob walked the meeting with a vague sense that something was wrong. He had not slept well the night before and Stephen, his rival for CEO in another division, had set up the participants and the agenda. The critical players in the company would be there. Bob sensed that he had to be careful. […]

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How most traders fail: The roller coaster of hope and despair

  Yes, most traders fail to realize their dreams. Yet most traders continue to try harder doing what they have been doing. Although it doesn’t seem rational, we as humans with our human brains continue to hope that tomorrow will be better. It is this hope that keeps us going. But then we lose hope. […]

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