Category Archives for Mind Traps

When Will You Finally Be OK?

This message is for anyone who, at the deepest level, knows they are not OK. You know you are NOT OK. You may even have known this from your earliest memories. You have noticed how others belong in a way

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Example of typical client equity curve

The Cocky Clanger | Mind Muscles™ Academy Practice Guide

Mind Muscles™ Academy Practice GuideMind Adventure: Create Your Personal “Cocky Clanger” to stay Confident and not CockyProblem: Hubris (Overconfidence)Desired Outcome: Awareness and neutralizationMind

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Man yawning out of boredom

Boredom – a good way to sabotage your trading career

How to turn the most powerful attribute of an independent trader into the most profit-draining behavior. This is one of our Mind Muscles Moments, which is a very laser-targeted piece talking about a critical

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Rolling the dice image showing desperation and doubline down.

Doubling Down in Desperation

Here is a list of reactions to a losing position. Before you read them, I want you to do a quick check of your physiology, emotions, and thoughts. And as you read these, notice any changes as you recognize

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Image showing the response to forcing ourselves to behave!

Levels of Change and Persistent Trading Mistakes

You know what to do and in the heat of the moment, something happens. Not a little something, but a big something. Not a one time something but a repeated something. Not a controllable something, but an

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Picture of screaming man believing every tick on the chart is a referendum on himself

Is Every Tick A Referendum On Your Worth?

Roger’s physiology made a dramatic shift. I watched my trader coaching client as he leaned forward with his fists clenched. He had just shorted  20 ES contracts and the market had just broke through

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Does the Trader's Mindset really matter? An image by sbtlneet on Pixabay

The Trader’s State of Mind – Does it Matter?

Does the Trader’s State of Mind really matter? I have heard this argued both ways. It is been argued that the trader’s state of mind, or more formally, the psychology of a trader, is less critical

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Image: controlling emotion

The Path to Emotional Control

Traders have a major problem. After over two decades of trading on the floors in Chicago and San Francisco, building my own options and equity trading firm, training traders to trade my own capital, coaching

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persistent trading mistakes infinite image

Your 2018 Persistent Trading Mistakes Will Persist in 2019

Yes, your 2018 persistent trading mistakes will persist in the year 2019. For those of you who know me well, this headline probably gave you a big jolt. My trading methodology and coaching practice is

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Shred your personal stories

Shred Your Stories

“The mind has a job. And that’s to give us all the stories that prove that what it thinks is true.” Byron Katie The world comes at us with a seemingly infinite amount of data every day.

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The more you care the worse you fare

Trading Psychology: The More We Care, The Worse We Fare

I remember going to a student’s office where he was an active day trader. At one point, the trader was short a large number of futures contracts and as it approached his stop he started tapping the

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Trading Mastery is Often Sabotaged by Subconscious Emotions

The Path to Trading Mastery is Often Sabotaged by Subconscious Emotions

Traders have a major problem. After over two decades of trading on the floors in Chicago and San Francisco, building my own options and equity trading firm, training traders to trade my own capital, coaching

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How your relationship with money cansabotage your trading success

Money: How it sabotages your trading success

Live trading with real money changes our brain chemistry. Many traders have the experience of being able to trade successfully in a simulated or demo account. However, when they start trading live something

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You can't solve irrational trading behaviors with your rational mind

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

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trading on the roller coaster of joy and despair

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

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Don't use this trading indicator!

Caution! Don’t use this trading indicator

Do you enter trades that with hindsight don’t make sense? And this happens time and time again? You may berate yourself, try to apply more discipline or agonize over the “error.” Imagine a world

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